Thursday July 19th, 2018 11:12PM

AAA: Georgia gas prices on steady decline

By Alyson Shields Reporter

Despite Tropical Storm Nate hitting the coast, the average price for a gallon of gas in Georgia as of Sunday was down a dime from last week at $2.52 a gallon.
Prices have been dropping over the past three weeks and AAA reports in their weekly fuel price brief that the average price has declined for the 26th consecutive day.
"The state average is falling by about a cent a day, as retail prices continue to recover from the effects of Hurricanes Irma and Harvey," said Mark Jenkins, spokesman for AAA.
"Gas prices remain inflated by about 20-30 cents, and should decline another 5-10 cents this week. Hurricane Nate's impact on the Gulf Coast region should not affect local prices. However, if refineries and oil rigs have a difficult time resuming normal operations, and futures prices spike, then the local gas price plunge could stall out. This is something that will take a few days to play out."
The most expensive gas was in our region, with Athens commuters paying $2.56 a gallon. Atlanta drivers followed closely behind at $2.55. Albany drivers had the lowest prices at $2.39.
Fuel price tracking website reports prices have dropped by 8.9 cents averaging out to $2.47. Nationally, GasBuddy said the average was $2.47 a gallon, falling about 6 cents nationally.
"Gas prices have today entered their fourth straight week of declining nationally, a trend unlikely to be interrupted by Hurricane Nate over this past weekend," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "Gasoline supply has continued to improve and as temperatures begin to feel more fall like, demand for fuel will continue to decline. Hurricane Nate, a fast moving storm, did little to disrupt the flow of fuel to market while having a larger impact on oil rigs."
They also report Atlanta's prices were down almost 10 cents from last week's $2.62 to $2.52. 

  • Associated Categories: Business News, Local/State News
  • Associated Tags: AAA, Gas prices, GasBuddy
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