Gas prices drop 8.4 cents in past week

The Covington News - - Business - STAFF RE­PORTS news@cov­news.com

Well­brook En­doscopy Cen­ter, 7229 Wheat St., health care, David So­cololf, July 9.

Cen­tral Community Church, 3236 U.S. High­way 278, re­tail trade, July 10.

Dra­matic Arts Pro­duc­tions, 2125A Pace St., arts, en­ter­tain­ment and re­cre­ation, Kevin Shante Ra­gin, July 12.

Jimmy Har­ris Truck­ing Inc., 8163 Old At­lanta High­way, trans­porta­tion and ware­hous­ing, Jimmy Har­ris, July 13.

Lee Con­struc­tion Group Inc., 8141 Tech­nol­ogy Drive, ad­min­is­tra­tive and waste man­age­ment, Luis E. En­riquez, Sept. 16.

Ceek to Ful­fill Inc., 2131 Stone Moun­tain St., con­struc­tion, ed­u­ca­tion ser­vices, health care, Eve­lyn Cook­sey, July 17.

Beam of Light Well­ness Cen­ter Inc., 4186 Mill St., health care, Nancy Tur­ney, July 17.

Av­er­age re­tail gasoline prices in New­ton County have fallen 8.4 cents per gal­lon in the past week, av­er­ag­ing $3.67/gal Mon­day.

This com­pares with the na­tional av­er­age that has fallen 4.3 cents per gal­lon in the last week to $3.81/ gal, ac­cord­ing to gasoline price web­site At­lantaGasPrices.com.

In­clud­ing the change in gas prices in At­lanta dur­ing the past week, prices yes- ter­day were 35.4 cents per gal­lon higher than the same day one year ago and are 7.6 cents per gal­lon lower than a month ago. The na­tional av­er­age has in­creased 8.8 cents per gal­lon dur­ing the last month and stands 29.0 cents per gal­lon higher than this day one year ago.

Ac­cord­ing to AAA spokes­woman Jes­sica Brady, in­clement weather, the Fed­eral Re­serve’s stim­u­lus plan and continue vi­o­lence over­seas has kept an up­ward pres­sure on both oil and gas prices, last week’s re­port on fuel de­mand re­versed trends.

“Whether or not this down­ward trend will continue is un­cer­tain, what is cer­tain is that we are go­ing to see more volatil­ity in oil prices,” Brady said. “Gas prices made more sig­nif­i­cant losses than re­cently seen with states av­er­ages in the South­east fall­ing 5 cents or more from last week.”

“The na­tional av­er­age has be­gun to drop nicely over the last week, and while it cer­tainly doesn’t feel like much, it is note­wor­thy,” said GasBuddy. com Se­nior Pe­tro­leum An­a­lyst Patrick De­Haan. “Oil prices were all over the map last week, clos­ing in on $100/bbl one day and drop­ping to $92/bbl later in the week. I’ve prob­a­bly had more dou­ble takes watch­ing oil prices in the last week than I’ve had all sum­mer. Watch­ing oil prices last week was as wild as watch­ing the Detroit Tigers try to take a division lead over the White Sox,” De­Haan said.

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