Gas Prices Show Slight Upward Swing

January 16, 2013

Retail gas prices are still on an upswing and will likely increase throughout the end of the month. Since January 1, the national average has increased 2 cents, while gas prices in the Southeast have jumped an average of 8 cents.

While pump prices have increased since the start of 2013, both the national average and state averages in the Southeast are less than they were this time last year. Annually, retail gas prices are forecast to be less than they were in 2012.

And according to AAA’s Manager of Regulatory Affairs Avery Ash, that forecast is already showing its accuracy.

“The first two weeks of last year saw gas prices raise by twelve cents because of increased tensions with Iran and higher crude oil prices”, said Ash. “In the same period in 2013, pump prices have only raised a penny, due in part to lower crude oil prices.”

The national average price of regular unleaded gasoline is $3.31, 1 cent more than last week. Georgia’s average of $3.33 rose 1 cent.