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Gas prices on the decline for holiday travel

In this file photo, Chris Park, of Snellville, washes his windows while fueling up at a Kroger gas station off Five Forks Trickum Road.

In this file photo, Chris Park, of Snellville, washes his windows while fueling up at a Kroger gas station off Five Forks Trickum Road.

LAWRENCEVILLE -- Officials with AAA say that much like last year retail gas prices dropped prior to the busiest summer driving weekend of the year: Independence Day.

A news release stated that motorists will likely get a break on gas prices on July 4 and through the weekend.

In metro Atlanta, AAA's Fuel Gauge Report stated that Tuesday's averages were $3.39 a gallon. The average cost is down 8 cents from last week, according to the report, and it's well above the average for this time last year -- $3.81 per gallon.

Locally, the lowest prices on Tuesday afternoon were at the QuikTrip at 1170 Marathon Blvd., NW and Sugarloaf Parkway at $3.29 per gallon. The RaceTrac at 3405 Sugarloaf Parkway and Park Drive SW, Lawrenceville as well as the Shell at 4785 Sugarloaf parkway and Old Norcross Road also had gas at $3.29 per gallon.

The Georgia average was $3.36 per gallon, which was cheaper than the national average: $3.49.

According to AAA, multiple factors placed upward pressure on oil prices, but it was the jump in the value of the U.S. dollar and the increase in refinery output that kept crude prices at bay last week.

"Although gas prices are higher than they were this time last year, the price trend is relatively the same with gas prices retreating before millions of Americans travel for Independence Day," said Jessica Brady, AAA spokeswoman, the Auto Club Group. "About 41 million people plan to take a trip this holiday and gas prices are not expected to deter them."

The cost for a barrel of oil closed Friday at $96.56 on the New York Mercantile Exchange -- $2.87 more than the previous week.

For more information and the daily average, visit AAA's Fuel Gauge Report at www.fuelgaugereport.opisnet.com.

Comments

JCJB 1 year, 1 month ago

This morning, radio news reported that gas prices are going UP due to the unrest in Egypt as they control the Suez Canal. 100.00 price per barrell

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