clear
Thursday December 13th, 2018 1:26AM

AAA: September gas prices were highest in four years

By AccessWDUN Staff

Gasoline prices in Georgia increased 1-cent last week, according to this week's fuel price report from AAA, the Auto Club Group.

Sunday's state average of $2.72 per gallon is 2 cents more than a month ago and 9 cents more than this time last year. Georgia gas prices have hovered within 5 cents of their current range since early August. The state average remains 12 cents less than this year's high - established on Memorial Day weekend. 

"Concerns about how sanctions against Iranian crude will impact global oil supply began to weigh on the market last week," said AAA spokesman Mark Jenkins. "Crude oil prices climbed and dragged gasoline prices higher as a result. The $5 per barrel shift in crude can signal a 25 cent hike at the pump. However, low seasonal gasoline demand and a cheaper-to-produce winter-blend gasoline may should offset some of that upward pressure." 

Georgia motorists found the most expensive September gas prices in four years. Prices at the pump averaged $2.72 per gallon last month - an increase of 3 cents from September 2017 and 50 cents per gallon more than September 2016. The higher prices this year are mostly attributed to more expensive crude oil. WTI crude averaged $70 per barrel last month - $20 per barrel more than September 2017, and $25/b more than September 2016. 

The average gas price in Gainesville/Hall County is $2.70. 

The most expensive gas price averages in Georgia are in Atlanta ($2.76), Savannah ($2.74), and Brunswick ($2.73)

The least expensive gas price averages in Georgia are in Warner Robins ($2.61), Columbus ($2.62), and Augusta-Aiken ($2.63)

  • Associated Categories: Homepage, Business News, Local/State News, Submitted News
  • Associated Tags: AAA, Gas prices, Georgia gas prices
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.