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Metro area gas prices on the rise

Staff Photo: Brendan Sullivan Ovanes Terzyan of Duluth pumps gasoline into his pickup truck at the Shell gas station located on Indian Trail-Lilburn Road in Norcross on Wednesday. Terzyan, who spent $90 on almost 24 gallons of gas, said he has seen about a $15 increase when filling up at the pump compared to last week.

Staff Photo: Brendan Sullivan Ovanes Terzyan of Duluth pumps gasoline into his pickup truck at the Shell gas station located on Indian Trail-Lilburn Road in Norcross on Wednesday. Terzyan, who spent $90 on almost 24 gallons of gas, said he has seen about a $15 increase when filling up at the pump compared to last week.

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Staff Photo: Brendan Sullivan The Exxon gas station located on Buford Highway in Sugar Hill advertises $3.79 for a gallon of regular gasoline Wednesday.

DACULA -- As he commutes from Winder to Atlanta every other day, Adrien Green said he's noticed a gas price spike in the last month.

"It's like 20- and 30-cent jumps, not like 5 and 10 cents," said Green, a Winder resident who stopped at the QuikTrip in Dacula off of Ga. Highway 316 on Tuesday afternoon.

Green said when gas prices rise, he makes a more concerted effort to consolidate trips, such as to the grocery store.

"If I have to go to the grocery store on the way home, I'm going to go to the most convenient one," Green said. "I'm not going to go home and try to go back to the grocery store."

Another QuikTrip customer in Dacula, Athens resident David Hyman, said he's ashamed to admit that he hasn't changed his driving habits, though he's looking to start. But one experiment he conducted told him others aren't jumping to carpooling. Hyman said on Monday that he counted 100 cars that passed him, but only one had more than one person inside.

Gas prices around metro Atlanta have hit a five-month high, and within a penny of the price that motorists have said changes their driving behavior. Jessica Brady, a spokeswoman with the AAA motor club, said the average price for a gallon of regular, unleaded gas was $3.74 last week, the highest it's been since Sept. 16.

"These are record-breaking prices," Brady said.

The national average is $3.78. five cents higher than a week ago, and 10 cents higher than a year ago this week, Brady said.

According to atlantagasprices.com, the cheapest gas in Gwinnett on Tuesday afternoon was at a Sam's Club on Buford Drive in Buford at $3.63. A Chevron station on Hurricane Shoals Road in Lawrenceville was the next cheapest at $3.65.

Brady said the price spike is because refineries have started maintenance season, which has cut supply, and retailers had delayed passing an increase of wholesale prices on to customers for about a month. March is typically when refineries switch to a summer blend, that is more expensive because it contains emissions for higher temperatures, Brady said.

Other factors that influence prices are Iran's nuclear program, and snowstorms in the Midwest and Northeast, Brady said.

The Energy Information Administration forecasted a gas price peak for April, Brady said, but it may actually be in March. Brady said she expects a rate of increase to slow down from 15 to 20 cents per week, to five to seven.

Brady said AAA conducted a survey last year that revealed that motorists begin to make changes in their driving habits when gas prices reach $3.75. A cut into disposable income means people cut back on going out to eat, and consolidate errands. As prices move closer to $4, public transportation becomes more popular, Brady said.

Motorists like Green have already braced themselves for these prices.

"I don't think it will go down anytime soon," he said. "If it goes down, it'll be in the fall once it gets cold, (before then) $3.70 and $3.60 will be our average."

Comments

Why_not 1 year, 6 months ago

Since 2006 China and India both have become much more industrialized. The excessive demand is driving the price.

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kevin 1 year, 6 months ago

keep believing what the government tells you before investigating things on your own.

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JHogan 1 year, 6 months ago

Graphs work very well when trying to illustrate relative change. ...

I remember paying .23 cents per gallon for leaded regular gasoline at a filling station just outside the main gate to the Exxon refinery in Baton Rouge LA in 1963

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kevin 1 year, 6 months ago

It was $1.49/gal in New Orleans the day Katrina hit.

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RiggaTony 1 year, 6 months ago

I remember when a brand new Ford cost $2000. Now it's well over $20,000. All under comrade Obama's watch.

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Why_not 1 year, 6 months ago

Oh yes I agree. Car prices are 10 times higher just since Obama took office.....give me a break....haha

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SurelyNot 1 year, 6 months ago

Good grief! I missed those $2000 Fords!!! How'd that happen???

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cwkimbro 1 year, 6 months ago

It happened under Comrade Bush's watch too.

Give us a break! You people are insane.

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Gwinnettsince1991 1 year, 6 months ago

You're right Mr. President- We really don't need the Keystone pipeline.

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Why_not 1 year, 6 months ago

We are going to pay the global price no matter where the oil comes from....even the Keystone pipeline. As long as demand is high, the price of gasoline will remain high. The tension in the middle east isn't helping either.

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Coolray 1 year, 6 months ago

The price of gasoline has nothing to do with supply and demand, sheeple. A few companies and nations control the supply, refining and the distriubtion and as long as this ogliarchy exist you're going pay what ever 'THEY" want you to pay. Get real people, the economic system is rigged!

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Sandykin 1 year, 6 months ago

Sort of OT, but was anyone else bugged by the frequency of the phrase "Brady said"? It appeared no less than 6 times in this short article. Hey Keith, a few other ways to say the same thing "according to Brady", "Brady indicated", "Brady stated that". Come on, you're a writer, surely you could come up with something that doesn't read like a children's game.

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kevin 1 year, 6 months ago

We will never be able to provide more gas at the rate we are building new refineries. Haven't had one built in over 30 yrs. Without more "capacity," the oil companies can control the price no matter how much oil is in the ground. It is the amount of gas that can be refined at lone time that controls the supply & demand. As for why_not, the demand in the U.S. is down. We are not controlled solely but what the rest of the world wants. The U.S. oil companies are shifting where they sell it and with a limited capacity to store more, you only have so much oil floating around with no increased capacity in site. Thanks to the government (an related government entities) we can't get any more refineries built.

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Why_not 1 year, 6 months ago

Yes....our demand is down but the demand from other parts of the world is skyrocketing.

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kevin 1 year, 6 months ago

We will never be able to provide more gas at the rate we are building new refineries. Haven't had one built in over 30 yrs. Without more "capacity," the oil companies can control the price no matter how much oil is in the ground. It is the amount of gas that can be refined at one time that controls the supply & demand. As for why_not, the demand in the U.S. is down. We are not controlled solely by what the rest of the world wants. The U.S. oil companies are shifting where they sell it and with a limited capacity to store more, you only have so much oil floating around with no increased capacity in site. Thanks to the government (an related government entities) we can't get any more refineries built.

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CD 1 year, 6 months ago

Supply and demand?

How about facts:

The US is now producing oil at a historic rate, while oil production ROW is unchanged or actually increasing in countries such as Libya and Iraq. The only exception that I can think of is Iran but that would be the case of an embargo.

All the while, demand in the US is falling due to a sluggish economy and more fuel efficient vehicles. Demand in Europe is weak due to RECESSION. China is a black box. It's a communist regime. If you trust the information flow from that nation, I have a cell phone tower and a building at 75 Langley Drive I would like to sell. I will accept cash only.

There is your supply and your demand.

Now let's look at the real reasons the price of oil is where it is: Speculators can borrow at near zero percent and purchase a forward contract for around 7k that will control 1k barrels of oil. Where do they borrow? The primary coddlers to the speculations are Goldman Slacks and Morgan Stanley. The primary coddler before that was Lehman Brothers. Thankfully put out of their misery.

In 2009, the entire world production of oil was about 85MM barrels per day. Futures contracts traded daily were 1B per day. I have no doubt the wet/paper barrel ratio is similar now. I just happen to know the 2009 numbers off the top.

Go ahead, continue corking about supply/demand. But you may want to read a little first.

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Coolray 1 year, 6 months ago

No one will believe you so stop making sense. This is all a plot from the communist, muslim, foreign born, witch doctor president! I saw it on Fox News and Rush confirmed it.

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John5214 1 year, 6 months ago

Thanks Obamarama, you incompetent fool....

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