Retail Gas Prices Continue Downward Trend

March 13, 2013

Retail gas prices continue on a downward path this week and remain below year-ago levels.

The market is currently pulled in both directions, with a positive economic outlook based on the recent employment data and bearish fundamentals as oil stockpiles increase.

The Labor Department reported an increase in U.S. jobs, putting the jobless rate at a five-year low and boosting the fuel demand outlook.

However, the nation’s crude stockpiles rose by 3.8 million barrels last week, the most since June, according to the Energy Information Administration.

The national average price of regular unleaded gasoline is $3.70, 5 cents less than last week. Georgia’s average of $3.64 fell 7 cents from last week, respectively.

According to Motortrend.com, the low price for gas in Elbert County is $3.65; in Wilkes County the price is six cents cheaper at $3.59; and in Lincoln County carbon copy the price in Wilkes County.

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