AAA:  GAS PRICES CONTINUE TO DECLINE

Written by Elizabeth Davis. Posted in News & Weather

After a somewhat volatile month for prices at the pump in November, gas prices opened December on the decline, according to AAA, The Auto Club Group, which reports that gas prices in Georgia have declined 20 out of the past 21 days for a total discount of seven cents.

Georgia’s current gas price average is $2.345, two cents lower than last week, fractions of a penny less than a month ago and 22 cents higher than this time last year.

The national average for a gallon of regular unleaded was $2.48 on Sunday, three cents less than last week, four cents lower than one month ago and 30 cents higher than one year ago.

Gas prices faced upward pressure last week, due to an OPEC meeting and its affects on the oil market.

Mark Jenkins, spokesman for AAA, states, “Gas prices have been falling in recent weeks, but it has been a slow drip.  Oil prices are at their highest point of the year, preventing the typical seasonal plunge at the pump.  Any strong gains in oil this week should push pump prices higher.  However, the overall story this month should be lower gas prices, as demand declines.  That’s because Americans drive less in the winter due to shorter days and cooler temperatures.”

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