Gas Prices in Southeast Continue to Drop, State of California Not as Fortunate

October 10, 2012

Retail gas prices in the Southeast decreased for the third week in a row, according to AAA South.

Domestic and international demand numbers continued to fall and have caused oil prices to settle below $90 a barrel. A barrel of oil closed Friday at $89.88, which is $2.31 less than the week prior.

According to AAA’s Manager of Regulatory Affairs, Avery Ash, the National Average remains high, due to price increases in California.

“Fueling the national average is a historic spike in prices in California, where the state average has increased a record fifty cents in one week. This is nearly double the next largest one week increase in California history, which was twenty six cents in late February of this year”, said Ash.

Total U.S. fuel demand dropped 0.3 percent in September to 18.3 million barrels a day, the lowest level since April, according to the Energy Department. This comes at a time when domestic crude output rose to its highest level since December of 1996.

The national average price of regular unleaded gasoline is $3.81, 3 cents less than last week. Georgia’s state average of $3.58 decreased 3 cents from last week, respectively. According to Motortrend.com, the lowest price for regular unleaded in Elbert County is $3.53, and in Wilkes County the low price is $3.61.

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