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AAA:  GAS PRICES CONTINUE DOWNWARD SLIDE

Written by Matt Davis on October 9, 2017. Posted in News/Weather

Gas prices in Georgia have been on a steep slide for the last three weeks and should drift even lower this week, according to AAA, The Auto Club Group, which reports that the state average declined for the 26th consecutive day on Sunday, falling a total of 24 cents during that time.

Mark Jenkins, a spokesman for AAA, states, “The state average is falling by about a cent a day, as retail prices continue to recover from the effects of Hurricanes Irma and Harvey.  Gas prices remain inflated by about 20-30 cents, and should decline another 5-10 cents this week.  Hurricane Nate’s impact on the Gulf Coast region should not affect local prices.  However, if refineries and oil rigs have a difficult time resuming normal operations and futures prices spike, then the local gas price plunge could stall out.  This is something that will take a few days to play out.”

Georgia motorists are paying an average of $2.52 at the pump, a 10 cent discount from last week.  Despite the slump at the pump, regular unleaded remains 23 cents more than this time last year as prices remain inflated from supply and demand issues related to recent hurricanes.

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