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Ga. gas prices up another 11 cents

By Staff
Posted 6:42AM on Monday 30th March 2009 ( 16 years ago )
TAMPA, Fla.- The national average price of unleaded regular gasoline increased 9-cents per gallon last week. In AAA Auto Club South territory Florida's average price increased 10 cents during the same period; both Georgia's and Tennessee's average price increased by 11 cents per gallon.

In the Gainesville area, some of the cheapest prices are in Gainesville ($1.89) and Suwanee ($1.93).

Even with the recent gasoline price increases, leisure travelers and spring breakers are paying an average $1.24 less per gallon than they paid this time last year.

"Retail price increases are now following a consistent seasonal pattern that we see year after year; gasoline supplies tighten because of the conversion by oil refineries from the winter blend to summer blend fuel," said Gregg Laskoski, managing director of public relations, AAA Auto Club South. "Refineries must undergo this process before they start up their summer (peak demand season) fuel production."

"In addition to crude oil and gasoline supply and demand, consumers should keep an eye on the value of the U.S. dollar. When the dollar weakens, investors look for a hedge against it; commodities and crude oil prices generally rise whenever the dollar is weak. Last year is a prime example of what a weak dollar can do to gasoline prices."

Crude oil closed Friday on the New York Mercantile Exchange (NYMEX) at $52.38 per barrel.

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Current Week Ago Month Ago Year Ago

National: $2.045 $1.953 $1.883 $3.282

Florida: $2.091 $1.999 $1.939 $3.335

Georgia: $1.936 $1.827 $1.756 $3.245

Tennessee: $1.938 $1.827 $1.736 $3.165

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