Gas Prices Decline for Third Straight Week Across Nation and in Georgia

October 3, 2012

Motorists will see retail gas prices drop again this week after oil prices traded below $90 a barrel for the first time in almost two months. Poor economic news, both domestic and international, continues to create concerns of further decrease in demand, when supply is at a high level.

According to AAA’s Manager of Regulatory Affairs Avery Ash, a majority of states have seen gasoline prices fall.

“While the national average price at the pump has declined steadily since mid-September; this price decrease has not been spread evenly throughout the country”, explained Ash. “Lower global crude prices, bearish economic news, the end to the busy summer driving season, and the switch to winter blend fuel; have allowed for lower gas prices in a majority of states.”

The national average price of regular unleaded gasoline is $3.78, 3 cents less than last week. Georgia’s average price of $3.61 decreased 8 cents from last week.

According to Motortrend.com, the lowest price of regular unleaded in Elbert County is $3.53 a gallon, and in Wilkes County the low price is $3.61.

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