AAA:  SUMMER GAS PRICES ARE HIGHEST IN FOUR YEARS

Written by Elizabeth Davis. Posted in News & Weather

Gas prices in Georgia have increased three cents since last week, according to AAA, The Auto Club Group, which additionally reports that, so far, motorists are finding the most expensive summer gas prices in four years. Gas prices in Georgia have averaged $2.75 per gallon since June 1st, an incline of nearly 60 cents compared to the average price last summer.  However, the current price at the pump remains 12 cents below this year’s high, set during the Memorial Day weekend.

Mark Jenkins, spokesman for AAA, attests, “Reduced global oil supplies have caused summer travelers to pay a higher price at the pump this year.  Fortunately, domestic gasoline production remains strong, which should help prevent major swings in summer gas prices.  However, pump prices will pop if a major hurricane threatens refineries along the Gulf Coast.  Last year, Hurricane Harvey caused a 40 cent spike.”

According to the latest figures from the Energy Information Administration, demand is near record-levels, averaging two percent higher than last year; US refineries are, fortunately, more than keeping pace.

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