Gas Prices Increase, Still Expected to Drop Before End of June

June 13, 2013

Retail gas prices have remained relatively stable across the Southeast region.

However, motorists may see pump prices move a little higher this week after the cost of a barrel of oil increased on positive employment data.

Crude prices rose after the U.S. Labor Department reported a payroll increase of 175,000 in May, more than initially forecast.

Supply and demand numbers also helped to bolster oil prices and market confidence.

AAA’s Manager of Regulatory Affairs Avery Ash still expects lower prices before all is said and done for the month of June.

“While prices may tick higher in the next few days, AAA continues to expect lower prices nationally as June continues”, said Ash. “Prices should drop below a national average of $3.50 a gallon by the end of the month as long as refineries can transition from routine maintenance to full production without issue.”

The national average price of regular unleaded gasoline is $3.63, 1-cent more than last week.

Georgia’s average price for a gallon of gas is $3.45, also 1-cent more than last week, respectively.

According to Motortrend.com, the $3.20 is the low price for retail gas in Elbert County; $3.35 is the cheapest price in Wilkes County; and in Lincoln County $3.29 is the low price.

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