Good news on gas prices - WALB.com, Albany News, Weather, Sports

Good news on gas prices

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Georgia, GA, March 29- Average retail gasoline prices in Georgia have fallen 2.7 cents per gallon in the past week, averaging $2.68/g today.

This compares with the national average that has stayed flat, moving just 1.6 cents per gallon in the last week to $2.79/g, according to gasoline price website GeorgiaGasPrices.com.

Including the change in gas prices in Georgia during the past week, prices today are 72.6 cents per gallon higher than the same day one year ago and are 4.8 cents per gallon higher than a month ago. T

he national average has increased 10.4 cents per gallon during the last month and stands 76.7 cents per gallon higher than this day a year ago.

"Oil prices have been reluctant to move higher than the low $80/barrel range as adequate supply and lower global demand continue to weigh on investors", said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.

"The pause in oil prices has translated into retail prices that have remained virtually unchanged over the last week", DeHaan says. Don't expect stable gasoline prices to last long though. "Prices will continue to rise in April before peaking around Memorial Day to close to $3/gallon across areas of the country as cleaner burning summer fuels are sold", according to DeHaan.

About GeorgiaGasPrices.com-
GasBuddy.com operates over 200 live gasoline price-tracking websites, including www.GeorgiaGasPrices.com.

GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.

 

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