AAA: GAS PRICES DECLINE 11 CONSECUTIVE DAYS
At the gas pump (shallow DOF)

September 12, 20165min1150
At the gas pump
Testingfg of Ads

At the gas pump (shallow DOF)

Gas prices declined for the 11th consecutive day Sunday; falling 4 cents in Florida, 5 cents in Tennessee and 6 cents in Georgia.

“Gas prices immediately began their seasonal downward trend at the beginning of September,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Refineries are entering maintenance season as they begin the switch to winter-blend gasoline. This fuel has fewer additives, making it cheaper to produce than summer-blend gasoline, which leads to lower gas prices. Gas prices should follow a downward trend through the rest of the year, unless there are refinery issues or if oil prices surge.”

Regional Gas Prices

Motorists are currently saving an average of $18 for a full tank of gas compared to what they paid this time two years ago, when pump prices exceeded $3 a gallon. The current average price for a  gallon of regular unleaded in Florida is $2.19. That price is 3 cents less than a week ago and 4 cents less than this time last year, but $1.16 less than two years ago. The state average price in Georgia of $2.10 is 4 cents less than a week ago and 11 cents less than last year, but $1.24 less than this time two years ago. The Tennessee state average of $2 is 3 cents less than a week ago and 7 cents less than a year ago, but $1.20 less than this time two years ago. For the first time in 19 days, the Tennessee state average will be less than $2 a gallon.

Crude Oil Prices

Crude oil prices averaged $45.96 last week a slight increase from a week ago. Oil markets rallied briefly on Thursday as the Energy Information Administration reported crude oil inventories fell 14.5 million barrels, the biggest drop since January 1999. The sharp drawdown of inventory is due to substantial oil consumption and fewer imports attributed to tropical storm Hermine disrupting shipments to the Gulf of Mexico and U.S. East Coast. In addition to crude oil inventory data, forces driving the market continue to center around discussions of a freeze in oil production by OPEC and non-OPEC countries. Traders will continue to monitor these factors in the coming weeks for guidance on what direction oil markets will move this fall. At the close of Friday’s formal trading session on the NYMEX, WTI was down $1.74 to settle at $45.88 per barrel.

 

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Two Years Ago
National $2.181 $2.182 $2.207 $2.130 $2.360 $3.422
Florida $2.188 $2.192 $2.220 $2.084 $2.227 $3.345
Georgia $2.104 $2.109 $2.141 $2.019 $2.210 $3.343
Tennessee $1.997 $2.000 $2.029 $1.911 $2.070

$3.199

 

 

On Common Ground News


Leave a Reply

Your email address will not be published. Required fields are marked *

Testingfg of Ads

About us

On Common Ground News is published daily by On Common Ground, Inc (OCGNEWS.COM). The newspaper serves DeKalb, Gwinnett, Rockdale and Metro Atlanta.

The opinions expressed by writers and contributors are not necessarily those of the publisher or the newspaper’s advertisers.

No portion of this newspaper may be reproduced in any form without the written permission of the publisher.

We reserve the right to reject material and advertisements we deem inappropriate.


On Common Ground News
P.O. Box 904
Lithonia, GA 30058


(770) 679-5607

editor@ocgnews.com


Latest News

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: On Common Ground News, 1240 Sigman Road, Conyers, GA, 30012, https://www.ocgnews.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact