Gas Price Decline Despite Predicted April Increase

April 10, 2013

Retail gas prices continue to follow the downward trend seen in March as bearish economic news does not support speculation of increased fuel demand.

Crude prices made steep declines last week after the Labor Department reported payrolls increased by 88,000 in March, the smallest increase in nine months and less than half of the expected gain of 190,000.

In addition, U.S. stockpiles of crude oil increased by more than two million barrels during the last week of March, according to the Energy Information Administration.

The national average price of regular unleaded gasoline is $3.60, 4 cents less than last week. Georgia’s average of $3.46 also fell 4 cents from last week, respectively.

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