Posted: Saturday, November 22, 2014 6:00 pm
Angye Morrison
TIFTON — According to AAA, consumers are currently paying the lowest gas prices since December 2010 – and the trend may continue throughout the winter.
The national average price of gas as of Wednesday was $2.86 per gallon for regular, and $3.26 for premium. Diesel was at $3.61 per gallon. In Georgia, the average cost per gallon for regular was $2.78, and premium was selling for $3.20. Diesel was at $3.49.
Gas prices have dropped in recent weeks because of the decline in the cost of crude oil. The price of West Texas Intermediate crude oil has dropped more than $20 per barrel since late June, and more than $10 per barrel since late September due to abundant supplies.
Gas prices typically decline, AAA representatives say, due to the switchover to less expensive winter-blend gas and a decline in demand. Prices could remain low this winter and drop another 5 to 15 cents per gallon. More than 60 percent of U.S. gas stations are selling gas for less than $3 per gallon.
The five states with the highest average prices as of Wednesday include Hawaii ($4.04), Alaska ($3.73), New York ($3.37), California ($3.33) and Connecticut ($3.33). The five states with the lowest gas prices Wednesday include South Carolina ($2.75), Tennessee ($2.75), Mississippi ($2.78), Virginia ($2.78) and Texas ($2.80).
Angye Morrison
TIFTON — According to AAA, consumers are currently paying the lowest gas prices since December 2010 – and the trend may continue throughout the winter.
The national average price of gas as of Wednesday was $2.86 per gallon for regular, and $3.26 for premium. Diesel was at $3.61 per gallon. In Georgia, the average cost per gallon for regular was $2.78, and premium was selling for $3.20. Diesel was at $3.49.
Gas prices have dropped in recent weeks because of the decline in the cost of crude oil. The price of West Texas Intermediate crude oil has dropped more than $20 per barrel since late June, and more than $10 per barrel since late September due to abundant supplies.
Gas prices typically decline, AAA representatives say, due to the switchover to less expensive winter-blend gas and a decline in demand. Prices could remain low this winter and drop another 5 to 15 cents per gallon. More than 60 percent of U.S. gas stations are selling gas for less than $3 per gallon.
The five states with the highest average prices as of Wednesday include Hawaii ($4.04), Alaska ($3.73), New York ($3.37), California ($3.33) and Connecticut ($3.33). The five states with the lowest gas prices Wednesday include South Carolina ($2.75), Tennessee ($2.75), Mississippi ($2.78), Virginia ($2.78) and Texas ($2.80).
No comments:
Post a Comment