Wednesday November 25th, 2015 11:23AM

AAA: August gas prices hit 4-year low

By Staff
TAMPA, Fla. - Motorists heading to the gas pumps are finding the cheapest August gas prices since 2010. On August 1, 2010, the national average price was $2.74. Since that time, average prices on August 1 ranged from $3.52 in 2012, to $3.71 in 2011. The current average of $3.50 is 3 cents cheaper than last week and the discount at the pump should continue in the near future. All of those figures were published Sunday night by AAA. <br /> <br /> "Typically gasoline prices fluctuate in July and August, but for the most part, prices have steadily declined," said Mark Jenkins, spokesman, AAA - The Auto Club Group. <br /> <br /> "Oil prices decreased dramatically this week, so there's no reason gas prices should go up any time soon. In fact, if these conditions continue, prices could eventually slip below $3 a gallon by the end of the year. However, unexpected refinery outages, a spike in oil prices, or the mere threat of a hurricane in the Gulf of Mexico could cause gas prices to rise."<br /> <br /> Oil prices plummeted last week. The price for a barrel of WTI settled at 97.88 on the NYMEX Friday - $4.21 compared to a week ago. That was the biggest weekly decline in seven months, and the lowest settlement since February. Refineries are running at record levels and there is more than enough gasoline in the market, which has helped bring down prices despite multiple overseas conflicts.<br /> <br /> The current average price for a gallon of regular unleaded in Florida is $3.41. That is 5 cents lower than last week and the cheapest price since February. In Georgia, the average price of $3.40 is 3 cents under last week and the cheapest price since March. Tennessee's average price of $3.27 is also the cheapest price since March and 4 cents less than last week.
© Copyright 2015
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 10 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 10 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 10 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 10 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 10 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 10 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 10 months ago )
Local/State News
US sales of new homes rise 10.7 percent in October, propelled by buying in Northeast
WASHINGTON (AP) — Sales of new homes recovered in October after suffering a steep drop in September, indicating a return to stability in the housing market.The Commerce Department says new-home sales...
10:21AM ( 1 hour ago )
Overnight fire damages Clermont home
An early morning fire damaged a double wide mobile home in the Clermont area Wednesday, according to Hall County Fire Services officials.
8:39AM ( 2 hours ago )
To grandmother's house: Thanksgiving getaway begins with gas prices low, terrorism fears high
LOS ANGELES (AP) — That other Thanksgiving tradition — congested highways and jammed airports — is getting underway with gas prices low and terrorism fears high.An estimated 46.9 million Americans are...
7:31AM ( 3 hours ago )
Appalachian Parkway in Cleveland now open
An official grand opening and road-naming ceremony was held Tuesday afternoon for the State Route 11/US 129 North Appalachian Parkway in Cleveland, previously known as the Cleveland Bypass.
By Dean Dyer
9:45PM ( 13 hours ago )
Non-life-threatening injuries reported in small plane crash
Gwinnett County police and fire officials say two people received non-life-threatening injuries after a small plane went down in the backyard of a private home.
4:38PM ( 18 hours ago )