5:54 am December 7, 2010, by Henry Unger
Drivers are feeling the pinch of rising gas prices.
A weak dollar has pushed the average price of regular unleaded in Georgia 31 cents higher than a year ago and 14 cents higher than a month ago, AJC staffers Katie Leslie and Larry Hartstein report.
The average price of regular unleaded has hit $2.83 in Georgia, up 11 cents from last week, the reporters write.
Experts predict prices will continue rising. Last week’s news that U.S. employers added far fewer jobs than forecast for November weakened the dollar and increased the appeal of crude oil as a commodity to foreign investors, according to AAA Auto Club.
Crude prices edged up Monday to $89.38 a barrel on the New York Mercantile Exchange, a more than two-year high, the reporters write.
AAA spokeswoman Jessica Brady said the value of the dollar is likely to remain low, while oil prices should rise above $90 a barrel.
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- Henry Unger, The Biz Beat
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