The discount at the pump is beginning to slow down in some southern states, according to AAA, The Auto Club Group, which reports that during the past month and a half, the national average has declined one to two cents per day. Over the weekend, the national average declined fractions of a penny.
Mark Jenkins, AAA spokesman, states, “The plunge at the pump could soon come to an end. Pump prices are close to catching up with the crude price plunge. However, oil prices are beginning to rise, after OPEC announced a production cut agreement on Friday. Regardless, drivers should continue to enjoy low gas prices through the end of the year, unless oil prices suddenly spike.”
Sunday’s national average price of $2.42 per gallon is five cents less than a week ago, almost 30 cents less than last month and four cents less than this time last year. The national average has declined 60 consecutive days for a total discount of 49 cents. Gas prices in Georgia declined fractions of a penny on Sunday, after dropping one to two cents per day for the past seven weeks. Sunday’s state average of $2.22 is seven cents less than a week ago, 36 cents less than last month and 11 cents less than this time last year. The state average has declined the past 58 consecutive days for a total discount of 59 cents.
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