Monday, August 15, 2011

Pump Prices Staying Relatively Low

The average price of a gallon of regular unleaded gasoline has dropped to $3.54 in Georgia, 11 cents below the $3.65 mark of last week. The national average is $3.59, which is 7 cents lower than last week. So that's good news, but just for a bit of perspective, we were paying $2.62 a gallon just a year ago.

The metro Atlanta average price is $3.57, while the highest prices in state are found in Athens at $3.61, and the lowest being in Augusta, at $3.41.

Gas prices are expected to stay low through the coming Labor Day holiday, which is good news for road trippers.
"Economic growth is not only slow in the U.S., but in Europe as well and is expected to keep oil prices below $90 a barrel throughout the remainder of the month," said Jessica Brady, spokesperson, AAA Auto Club South in a news release. "Some retailers are slow to drop prices at the pump since the market is so volatile at this time. However, consumers should start to see retail gas prices fall even further this week as a result of crude oil continuing to trade below $90 a barrel." 

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