Pump Prices Dip Slightly Nationwide and in Georgia

March 27, 2013

As forecast by AAA, retail gas prices fell minimally last week for a nation-wide decrease of 2 cents a gallon.

Motorists could see regional pump prices decrease another 3 to 5 cents before Easter.

Varying economic news has kept oil prices relatively stable.

The positive announcements about the U.S. jobless rate and supply reduction are countered by Europe’s lagging economies and debt issues.

The nation’s crude inventories dropped 1.3 million barrels in the second week of March.

This is the first decline in nine weeks, according to the Energy Information Administration.

According to AAA’s Manager of Regulatory Affairs Avery Ash, we may not be out of the woods yet.

“It is still too soon to say if retail prices have peaked for the spring, because there is still maintenance on refineries to be completed, and much of the country has yet to transition to summer blend gasoline”, explained Ash. “However, with the national average continuing to fall below the year ago price, AAA continues to predict that prices will crest lower than recent years.”

The national average price of regular unleaded gasoline is $3.67, 2 cent less than last week. Georgia’s average of $3.53 fell 6 cents from last week, respectively.

According to Motortrend.com, $3.59 is still the cheapest price for retail gas in Elbert County. The price drops to $3.32 in Wilkes County, and to $3.49 in Lincoln County.