Gas prices plateau af­ter un­sea­son­able jump

Calhoun Times - - OBITUARIES - Staff Re­ports

AT­LANTA, Ga.,— Gas prices plateaued over the week­end, af­ter an un­sea­son­able jump at the pumps last week. Georgia gas prices rose an av­er­age of 6 cents in 5 days. Some of the high­est weekly hikes were in Val­dosta (9 cents), Gainesville (9 cents), Al­bany (8 cents), and At­lanta (8 cents).

The state av­er­age’s steady climb came to a crawl over the week­end. Georgia gas prices av­er­aged $2.41 on Sun­day, just frac­tions of a cent less than the day be­fore. The state av­er­age is 6 cents more than a week ago and 22 cents more than this time last year.

The most ex­pen­sive gas price av­er­ages in Georgia are in At­lanta ($ 2.45), Brunswick ($2.44), Sa­van­nah ($2.43)

The least ex­pen­sive gas price av­er­ages in Georgia are in Ca­toosaDade- Walker ($ 2.29), Dal­ton ($2.30), Warner Robins ($2.31)

“Our usual au­tumn pump price plunge was in­ter­rupted by ris­ing oil prices,” said Mark Jenk­ins, spokesman, AAA - The Auto Club Group. “For­tu­nately, oil prices let off the throt­tle last week, al­low­ing gas prices to find what ap­pears to be solid ground. How­ever, mo­torists should ex­pect gas prices to linger at their cur­rent lev­els this week.”

“An­a­lysts warn that oil prices could be some­what volatile this week, as the con­sol­i­da­tion of power in Saudi Ara­bia leaves spec­u­la­tors ques­tion­ing the im­pacts on global oil sup­ply,” Jenk­ins con­tin­ued. “For­tu­nately, do­mes­tic oil sup­ply and pro­duc­tion made solid gains. If that be­comes a trend, oil prices could drift lower and take gaso­line prices with them.”

Crude oil fu­tures cooled off last week, af­ter climb­ing nearly $6 in two weeks. The price for a bar­rel of WTI hit $57.35 on Mon­day; the high­est daily set­tle­ment since June 2015.

“In­creas­ing crude oil prices al­most al­ways lead to higher prices at the pump,” Jenk­ins con­tin­ued. “Ex­pen­sive crude makes it more costly for re­finer­ies to pro­duce gaso­line, and that price is typ­i­cally passed along to the con­sumer. For­tu­nately, oil prices backed off a bit last week, which pulled the plug on the gas price hike.”

Gas Price Tools for Re­porters/Con­sumers

GasPrices. AAA. com - Daily na­tional, state, and metro gas price av­er­ages.

AAA Mo­bile app - Free app that shows cur­rent prices at a gas sta­tion near you.

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