AAA:  GAS PRICES PLATEAU OVER THE WEEKEND

Written by Elizabeth Davis. Posted in News & Weather

Gas prices plateaued over the weekend after an unseasonable jump at the pumps last week, according to AAA, The Auto Club Group, which reports that gas prices in Georgia rose an average of six cents in five days.

The state average’s steady climb came to a crawl over the weekend.  Georgia gas prices averaged $2.41 on Sunday, just fractions of a cent less than the day before.  The state average is six cents more than one week ago and 22 cents more than this time last year.

AAA spokesman Mark Jenkins states, “Our usual autumn pump price plunge was interrupted by rising oil prices.  Fortunately, oil prices let off the throttle last week, allowing gas prices to find what appears to be solid ground.  However, motorists should expect gas prices to linger at their current levels this week.”

Jenkins continues, “Analysts warn that oil prices could be somewhat volatile this week, as the consolidation of power in Saudi Arabia leaves speculators questioning the impacts on global oil supply.  Fortunately, domestic oil supply and production made solid gains.  If that becomes a trend, oil prices could drift lower and take gasoline prices with them.”

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