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AAA:  MOTORISTS SHOULD EXPECT TO PAY MORE AT THE PUMP THIS SPRING

Written by Matt Davis on April 9, 2018. Posted in News/Weather

The national average price for regular unleaded gasoline hit its highest point of 2018 on Saturday at $2.663 per gallon, according to AAA, The Auto Club Group.  Sunday’s average of $2.662 is a half a cent more than last week, 13 cents more than a month ago and 28 cents more than this time last year.  Gas prices edged higher this week following Energy Information Administration’s latest weekly report that revealed that gasoline stocks dropped by 1.1 million barrels last week.  Additionally, the demand for gasoline continues to remain robust at 9.2 million barrels per day as spring driving season begins, which saw demand measured at 9.25 million barrels a day at the same time in 2017.  Drivers are likely to continue seeing prices increase as gas stations across the country begin to switch over to the more expensive summer blend ahead of the busy driving season.

Garrett Townsend, a spokesman for AAA, attests, “Supply and demand are the biggest factors driving the price at the pump.  More motorists on the roadways, tight supply and record crude exports have the potential for higher prices as we head into the spring.”

Gas prices in Georgia are down fractions of a penny from last week’s average at $2.575 per gallon.  The state’s average hit its highest point of the year (of $2.58) on April 2nd.  Currently, motorists statewide are paying 16 cents more than one month ago and 30 cents more than this time last year.

Gas prices had the most expensive start to April in four years,averaging $2.58 during the first eight days of the month to mark an increase of 35 cents from April 2017.

 

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