Gas Prices Jump Upwards after Independence Day Travel Period

July 17, 2013
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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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