Gas Prices Hold Fairly Steady from this Past Week

January 15, 2014
By

Pump prices will likely remain stable for the remainder of the month as multiple factors place equal pressure on oil prices.

Poor job data and lackluster fuel demand place downward pressure on crude prices, while a weak dollar and increased oil imports in China keep prices elevated.

December’s payrolls rose at the slowest pace since January of 2011, according to the Labor Department.

Whereas China’s imports of crude jumped 13 percent year-over-year for the month of December.

The national average for a gallon of regular, unleaded gasoline is $3.31, 1-cent less than last week.

Georgia’s average of $3.21 fell 2 cents from last week respectively.

Now, according to Motortrend.com’s fuel gage, the low retail price of gasoline is currently $2.99, which is down roughly eighteen cents from this time last week, when gas prices where around $3.17.

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  • April 19, 2014Elbert County Methodist Food Pantry
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