Monday, January 9, 2012
© Copyright 2013
Gwinnett Daily Post
LAWRENCEVILLE -- Gas prices jumped 10 cents in the first week of the new year, according to a report from the American Automobile Association.
The current national average price of regular unleaded gasoline is $3.37 per gallon. Georgia's average price is $3.34 per gallon, a 14-cent increase from the previous week.
"While there's the possibility pump prices could surpass $4 a gallon, it's still too early to say exactly what the marquee will read four to six months down the road," said Jessica Brady, AAA spokesperson.
A news release from AAA stated that oil prices remain elevated as Iran continues to threaten to block the Strait of Hormuz and disrupt oil exports in the Middle East. Also contributing to the higher prices is "the positive employment numbers recently released in the U.S."
"Gas prices generally inch up after the first of the year on optimism the economy will continue to improve and set the stage for increased demand in the new year. The recent increase in U.S. payrolls by 200,000 in December supports this notion," Brady said.
In Georgia, average gas prices were $3.20 one week ago, $3.22 one month ago and $3.01 one year ago.
For more information, visit www.aaa.com.