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AAA: Gas prices inch upward as Memorial Day weekend approaches

By AccessWDUN Staff
Posted 5:21AM on Monday 22nd May 2017 ( 7 years ago )

Georgia gas prices held steady over the past week, according to this week's fuel price report from AAA. The state average price of $2.193 is 3 cents less than this time last year, according to AAA, whose data is collected from credit card swipes and direct feeds from 120,000 gas stations nationwide, in cooperation with OPIS and Wright Express. 

The average price for gasoline in Georgia increased the last four consecutive days by just fractions of a penny, snapping a 28-day drop, for a total of 10 cents. The Georgia average price for gasoline is 19 cents less than the national average. On Sunday, the national average price was $2.36 - 2 cents more than last week and 8 cents more than a year ago.

"After declining for nearly a month, the pump price plunge fizzled out, due to rising demand and another week of declining crude inventories, which pushed oil prices higher," said Mark Jenkins, spokesman, AAA - The Auto Club Group.

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"AAA expects the most-traveled Memorial Day in more than a decade," Jenkins said. "Pump prices are lower than last year's holiday, but could face upward pressure by the end of the week, depending on the outcome of an OPEC meeting on Thursday. If prices do surge, it is unlikely they would exceed 10 cents by the holiday. Regardless, most Americans have already locked-in their holiday plans, and any movement at the pump should not be dramatic enough to convince travelers to stay home."

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