Think gas prices are up? You're right - WALB.com, South Georgia News, Weather, Sports

Think gas prices are up? You're right

ALBANY, GA (WALB) -

Average retail gasoline prices in Georgia have risen 5.6¢ per gallon in the past week, averaging $3.43 per gallon Sunday, according to Gas Buddy's daily survey of 5,883 gas outlets in Georgia.

This compares with the national average that has increased 1.8¢ per gallon in the last week to $3.53 per gallon, according to gasoline price website GasBuddy.com. 

The lowest gas price reported today in Albany was $3.39 at the Walmart in East Albany.

To report or view prices in South Georgia, click here:  http://www.walb.com/category/102123/georgia-gas-prices

Including the change in gas prices in Georgia during the past week, prices yesterday were 5.6¢ per gallon lower than the same day one year ago and are 14.6¢ per gallon higher than a month ago. The national average has increased 9.2¢ per gallon during the last month and stands 8.3¢ per gallon lower than this day one year ago. 

"Another week, another rise in the national average," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While gasoline prices have seen slight increases in the last week, it still may get worse. Last week, the EIA reported a large drop in gasoline inventories as refiners purged supplies of winter spec gasoline. Refineries also utilized a lower amount of their capacity as maintenance season continues."

"In the next few weeks as maintenance is finished, there could be localized price spikes. While gasoline prices are lower than I would have expected a few months ago, there is still some risk for higher prices in the days ahead," DeHaan said.

GasBuddy operates GeorgiaGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada.

GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.

 

Copyright 2014 WALB.  All rights reserved.

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