0

Average gas price increases 12 cents in Georgia

Crude oil almost $110 a barrel

Georgians can expect to pay 12 cents a gallon more than last week for regular unleaded gasoline, said a AAA spokeswoman.

Jessica Brady said Georgia’s average price is $3.66. Florida and Tennessee motorists can expect to pay 8 cents a gallon more than the week before, leaving Floridians with an average price of $3.75 a gallon, and Tennesseans with $3.56 per gallon.

She said the national average price is $3.69 a gallon, a 14-cent rise from last week.

Brady said that rising gas prices threaten the worldwide economic recovery, but that prices are expected to keep rising into spring and summer. Ongoing strains with Iran keep heightening fears of another war in the Middle East, driving oil prices to almost $110 a barrel, and increasing gas prices in the U.S., she said.

Though increasingly strict sanctions against Iran are geared toward demolishing that country’s nuclear program, Brady said, the International Atomic Energy Agency reports that the country has tripled its production of 20-percent-enriched uranium.

In June, Brady said, the U.S. will force more sanctions against financial institutions involved with Iran. Sanctions from the European Union that forbid imports of Iranian oil will start in July, she added.

Last month, she said, Iran produced almost 3.5 million barrels of oil a day, and is the second-largest country in oil production within the Organization of Petroleum Exporting Countries.

“Concern and fear are driving the market at this time, and pushing oil prices to nearly $110 a barrel, resulting in record-breaking pump prices for this time of year,” said Brady. “This is happening at a time when reports show a slow, but steady global economic recovery.”

The price of a barrel of oil settled last Friday at $109.77 on the New York Mercantile Exchange, an increase of $6.53 from the week prior, she said.

Comments

kevin 2 years, 10 months ago

We have a liberal government with fantastic policies to help with getting prices lower- do nothing and take no blame.

1

Say_that_again 2 years, 10 months ago

You tell 'em kevin! It was those liberals like George Bush. It was during George Bush's administration that the price peaked at national average of $4.12 per gallon. Probably would have reached that again if Obama didn't have the guts to release oil reserves, which he did last summer to get the price back down. Its a good thing that the great Reagan overturned the standards set by Jimmy Carter. If they were still in place, oil consumption would be down and lower pump prices wouldn't allow us to complain about the liberal policies of Obama! Thank you, drivers of gas guzzling SUVs and Humvees for keeping consumption up, allowing us to push forth our criticisms of those liberals in power.

1

SuxBeanU 2 years, 9 months ago

Talk about selective memory. It's obvious that you conveniently forgot about Hurricane Ike and that it was the hurricane that caused the spike in gasoline prices in late 2008. The price of gasoline went up quickly and came down just as quickly. You also conveniently forgot to mention that when Barry took office the national average gasoline price was about $1.80 per gallon. You are correct that Barry did release some oil from the strategic oil reserve, but all it did was reduce the pump price by about one cent. That move was broadly criticized by both parties as a complete waste. You also failed to mention that the democrats took over Congress in 2007 and immediately stopped the issuance of any, and all, drilling permits. Concerning Carter (the second worst President, all time, behind Obama), I don't think you even want to look too deeply into any of his policies. ;-}

1

kevin 2 years, 9 months ago

Poor George. Give me a break.You liberals can't get enough blaming George for your lousy policies. I guess 3 yrs of Obama hasn't gone very well for him in getting oil prices down either right? Oil was around $1.75 when Obama took over so how do you answer that? When are you going to blame the liberals for theri do nothing polices. I know they all love $5.00 gas so they think we wil lswitch to wind or solar bu tyou still live in a dream world likd the rest of them. The wasted stimulas money also is causing inflation.

0

kevin 2 years, 9 months ago

Great. Obama and his energy secretary are praising the rising prices. They fit right inot their liberal agenda of government controlling and getting whatever they want without the people's approval. They think that $5.00 a gallon gas wil lmake people burn their gas cars and buy expensive electric cars that still use oil to make that power. If they had any brains whatsoever, they would consider natural gas- we have even more of that stuff here in the U.S and it is cleaner to make and use. Every single truck, especially 18-wheelers, should be outfitted for its use. If this stupid government would use its stimulas money wisely, and they won't unless that company had donated to their campaigns, they would provide seed money to every single gas station to install natural gas storga tanks for easy access. You do not need a liberal degree from Harvard too figure this out. Instead, just follow the money, from corporate to the candidates, and you will see why natural gas isn't their priority; it is just good sounding talk during an election year.

2

jack 2 years, 9 months ago

I thought the 12 cent hike was just a sign the economy had vastly improved in just one week. Afterall, that was Jessica Brady's explanation only a week ago.

1

Mack711 2 years, 9 months ago

Gas in our neghboring states, SC and AL is $.015 to $.017 cheaper than that here in our area. Any ideas as to why?

0

kevin 2 years, 9 months ago

Taxes. SOme states put a flat tax on a gallon, so much a gallon. Some put a "moving" sales tax rate on it, like Ga. It will go up and down with the retail price of the gas.

0

Mack711 2 years, 9 months ago

Thanks Kevin. Thought it had something to do with taxes, but not sure what it was.

0

kevin 2 years, 6 months ago

It's now $79 a barrel and prices haven't dropped as fast.

0

Sign in to comment