Power Breakfast: Drivers pinched by rising gas prices, Atlanta hiring, credit cards, AGL, NCR, tax deal

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.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

For instant updates, follow me on Twitter.

8 comments Add your comment

avg trucker`

December 7th, 2010
6:31 am

still not sure why diesel is now more expensive than gas – especially since it costs way less to process. I supposed it is higher because it can be and the general public does not raise a ruckus since most do not purchase diesel ( directly )

orgainzed extortion

gas hog

December 7th, 2010
6:37 am

Diesel is a byproduct of the gasoline refining process. If not enough gas is made, the result is a shortage of diesel.

Radly Dawg

December 7th, 2010
7:30 am

You are correct Mr. Avg Trucker!! Extortion!! The oil companies use the excuse of supply and demand for driving prices up. It’s nothing more than GREED!!!! The very thing that has our counrtry in the mess it’s in presently. Greed has undermined the core fabric of this country. With it continuing to burgeon….wew are doomed unless we have an awakening….and presently, I do not see any indications that we are awakening. This country had better get on its knees and start praying in earnest for divine guidance…..and then we as a nation had better styart double-timing in that direction!! When you look at what we do to our selves….it’s almost easy to see why the world thinks less of us every day!!!! Scarrrrrry indeed.
RD

Bright Idea

December 7th, 2010
8:11 am

I paid $3.04/gal for diesel this morning at Wal-Mart.

TnGelding

December 7th, 2010
8:11 am

avg trucker`

December 7th, 2010
6:31 am

It’s because of the huge demand in China.

I fired off an e-mail to the WH last night warning of potential harm to the recovery and suggesting a new way of getting it to the market. It’s time to elminiate the speculators. The dollar hasn’t dropped that much. Some members of OPEC can produce a barrel for a dollar. Why are we paying nearly $90?

A.S.Mathew

December 7th, 2010
7:33 pm

Any price in gas price increse has an adverse effect on the recovery, if there is any at all. Now, people are
under the big burden to make both ends meet in the lowest standard of living ever witnessed in the
U.S., still it is getting harder to move on every day.

Gas price increase will hurt the automobile industry (big and luxuary car sectors). The oil producing
countires lost trillions of dollars in revenue during the last few years, when the gas price plummeted
from the range of $ 150.00/barrel to less than $ 80.00/barrel range. They will be happy to have an
increase, but the consuming countries will be affected very deeply.

We may have to return to the old way of life like walking and using other means of transporation.

TnGelding

December 7th, 2010
10:57 pm

Don’t pollute, telecommute!

TnGelding

December 8th, 2010
4:42 am

When you’re sitting in traffic or at a traffic light, you’re getting zero miles per gallon. We’ve got to do something to relieve the congestion and keep the traffic flowing.