Gas Prices Continue to do Opposite of What Was Expected

April 24, 2013

Gas prices continue to fall through mid-April.

Pump prices did the exact opposite of what was forecast at the start of the year.

Instead of reaching a peak price, gas prices dropped about forty cents less than they were this time last year.

Oil prices also decreased last week after U.S. stocks fell on reports of weak corporate earnings, lackluster demand, and a strengthened dollar.

The nation’s oil output also continues to make gains, according to the Energy Information Administration.

The national average price of regular unleaded gasoline is $3.52, 1 cent less than last week. Georgia’s average of $3.34 fell 6 cents from last week.