Gas Prices Jump Upwards after Independence Day Travel Period

July 17, 2013

Similar to the past two years, retail gas prices are headed back up following Independence Day, the busiest summer holiday travel weekend.

The price for a gallon of regular retail gasoline jumped an average of 11 cents from last week in the Southeast.

The jump in price was expected after a barrel of oil traded above $100 for more than two weeks.

Tensions in Egypt along with positive economic news and a decrease in oil supplies pushed crude prices beyond a 12-month high.

The national average price of regular unleaded gasoline is $3.60, 13 cents less than last week.

Georgia’s average of $3.45 jumped 11 cents from last week.

According to Motortrend.com, the low retail price for gasoline in Elbert County is $3.21.

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