Gas Prices Continue Their Decline in the Southeast

October 31, 2012

As expected, retail gasoline prices in the Southeast decreased another 12 cents from last week. Pump prices are expected to continue their decline even as the remnants of Sandy pummel the Northeast.

According to AAA’s Manager of Regulatory Affairs Avery Ash, areas of the country that have not been impacted by the storm could see gas prices fall even further.

“Gasoline demand at this time of year is usually near 8.5 million barrels per day, but it’s likely to be about a million barrels less over the next few days”, said Ash. “This drop in demand has the potential to pressure pump prices lower, especially in regions like the Gulf Coast which normally supplies product to the east coast, but will not feel the effect of the storm.”

The national average price of regular unleaded gasoline is $3.55, 13 cents less than last week. The state average price of $3.41 in Georgia also decreased 13 cents from last week, respectively.

According to Motortrend.com, the low price for regular unleaded in Elbert County is $3.38 a gallon, and it Wilkes County the price currently stands at $3.45.

Granite Country Weather

Calendar

  • November 22, 2014Savannah River Productions Auditions for the 2015 season
  • November 22, 2014 12:00 pmBrunswick Stew Fundraiser
  • November 23, 2014 1:00 pmChristmas Open House
  • November 23, 2014 3:00 pmChurch Anniversary
AEC v1.0.4