Georgia Gas Prices Creeping Towards $4 a Gallon
Press release from the issuing company
Monday, April 2nd, 2012
As forecast earlier in the year, retail gas prices continue to increase as we enter the summer driving season. Despite a lag in consumer fuel demand and a rise in U.S. stockpiles of crude oil, the national average for a gallon of regular retail gasoline is likely to reach $4 a gallon this month. So far, 11 states have an average of $4 a gallon with Maryland, Nevada, Wisconsin, and West Virginia likely to reach a state average of $4 by the end of the week.
“Not too much has changed from last week in terms of what’s affecting the oil market and retail gas prices. President Obama and other world leaders still plan to enact further sanctions on Iran in hopes of preventing the country from developing nuclear weapons. As long as tensions remain with Iran, we are going to see elevated gas prices,” said Jessica Brady, AAA spokeswoman, The Auto Club Group. “Consumers can expect gas prices to increase again this week.”
The price of a barrel of oil settled Friday at $103.02 on the New York Mercantile Exchange--$3.85 less than the week prior.
The national average price of regular unleaded gasoline is $3.92, a 3-cent increase from last week. Florida’s average of $3.93 also increased 3 cents. Georgia’s average of $3.84 and Tennessee’s average price of $3.76 both increased 5 cents from last week, respectively.
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
Current Week Ago Month Ago Year Ago
National: $3.925 $3.894 $3.741 $3.633
Florida: $3.936 $3.900 $3.791 $3.649
Georgia: $3.844 $3.790 $3.676 $3.518
Tennessee: $3.762 $3.718 $3.592 $3.494
Visit AAA’s Daily Fuel Gauge Report to find national, state, and local metro market retail gasoline prices.