Gas Prices Expected to Tick Upwards as New Year Approaches

December 5, 2012

Gas prices continue to show minimal movement at the start of December and its likely prices will remain relatively flat until the New Year, that’s according to AAA South.

According to AAA’s Manager of Regulatory Affairs Avery Ash, oil prices are on the upward tick.

“While national retail gas prices have declined each day in the past week”, said Ash, “crude oil prices have increased slightly as market attention has focused on the looming US Fiscal Cliff, and broader health of the global economy.”

History has shown once December 31st arrives, the market tends to rally on economic optimism for the New Year. The rally usually causes both oil and gas prices to increase at the start of January.

The national average price of regular unleaded gasoline is $3.39, 4 cents less than last week. Georgia’s state average price of $3.28 remains the same as last week, respectively.

The low price for gas in Elbert County dropped to $3.27, which is 1 cent less than last week, and in Wilkes County the price is $3.27, which is a 3 cent increase from last week.