Gas Prices Inch Upwards Yet Again

June 19, 2013

Last week, motorists saw a slight increase in both oil and gas prices after President Barack Obama authorized support and arms for Syrian rebels, increasing tensions in an oil-saturated region.

Although Syria is not a major oil-producing country, it does boarder Iran and Iraq which produce about one-fifth of OPEC’s oil output.

The value of the dollar fell last week, providing further support for the increase in oil prices.

Other factors that led to the increase in crude costs were the Commerce Department’s report that showed a three-month jump in retail sales in May and the fact that fewer jobless claims were filed than initially forecast by the Labor Department.

The national average price of regular unleaded gasoline is $3.61, 2 cents less than last week.

Georgia’s average price for a gallon of gas is $3.47, rose 2 cents since last week.

Retail gas price averages for Elbert County currently sit at $3.27; in Wilkes County the average price is holding steady at $3.33; and in Lincoln County $3.29 is the current average price.

Those averages are according to Motortrend.com.

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