Gas prices inch up 6 cents in one week in metro Atlanta

Motorists, have you noticed?

Gas prices have inched up 6 cents a gallon during the past week in metro Atlanta, averaging about $3.45 a gallon on Sunday. But experts say we should expect prices to stay relatively unchanged  for now.

“Retail gas prices will likely remain relatively unchanged this week as demand remains below par,” said Jessica Brady, AAA spokesperson, The Auto Club Group. She explains that the price of a barrel of oil closed below $100 for the second week in a row. Oil prices fell after the U.S. Energy Department reported gasoline consumption dropped to 8 million barrels a day –  the lowest level since 2001. U.S. stockpiles of gasoline increased 3.7 million barrels last week to 227 million — a 10-month high. Oil prices settled Friday at $98.46 a barrel on the New York Mercantile Exchange — 24 cents less than the prior week.

“The demand fundamentals remain weak both in the U.S. and abroad, a main factor keeping oil prices below $100,” said Brady. “China’s manufacturing numbers fell for a third month and Europe’s debt issues continue to place bearish pressure on the market.

The 6-cents increase in average retail gasoline prices in Atlanta is close to the national average of $3.34 a gallon, according to gasoline price website AtlantaGasPrices.com.

Prices were 44.4 cents per gallon higher than the same day a year ago and are 36.5 cents per gallon higher than a month ago, according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. The national average has increased 11.8 cents per gallon during the last month and stands 25.3 cents per gallon higher than one year ago.

Lower than average prices have been spotted throughout metro Atlanta. GasBuddy.com reports regular unleaded gas for $3.15 at a Citgo 602 Dahlonega Hwy and Sawnee Dr in Cumming; $3.25 at a BP at 5265 Glade Rd SE in Acworth, and $3.27 at an EXXON at 5084 Old National Hwy & Godby Road in College Park.

How are these prices affecting you?


Gas prices have inched up 6 cents a gallon during the past week in metro Atlanta, averaging about $3.45

a gallon on Sunday. And experts say they expect prices to stay relatively unchanged, at least through

the next week.

The 6-cents increase in average retail gasoline prices in Atlanta is close to the national average of

$3.34 a gallon, according to gasoline price website AtlantaGasPrices.com.

“Retail gas prices will likely remain relatively unchanged this week as demand remains below par,” said

Jessica Brady, AAA spokesperson, The Auto Club Group.

“We saw oil prices fall gently late last week as tensions with Iran seemingly have cooled somewhat,”

said DeHaan. “I’m certainly hopeful that the recent easing in tensions between Iran and the West

continues in coming months, but there are certainly no guarantees and few expectations of such. Having

said that, I expect gasoline prices to move very little in the next week, and in some areas of the U.S.

gasoline prices may fall this week,” DeHaan said.

Prices were 44.4 cents per gallon higher than the same day one year ago and are 36.5 cents per gallon

higher than a month ago, according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. The

national average has increased 11.8 cents per gallon during the last month and stands 25.3 cents per

gallon higher than this day one year ago.

Lower than average prices have been spotted throughout metro Atlanta. GasBuddy.com reports regular

unleaded gas for $3.15 at a Citgo 602 Dahlonega Hwy and Sawnee Dr in Cumming; $3.25 at a BP at 5265

Glade Rd SE in Acworth, and $3.27 at an EXXON at 5084 Old National Hwy & Godby Road in College Park.

12 comments Add your comment

d-now

January 23rd, 2012
1:41 pm

the government should do something asap to lower prices! this is a ripoff.

native atlantan

January 23rd, 2012
4:09 pm

The old ways of economic supply and demand for gas no longer seem to exist. Now if a country like Iran says FU, and threatens to block the Straits then speculators simply boost the futures prices. way too many folks manking money off this product from the hard work of the rest of us.You pay a lot for fuel, and you dont do things like eat out, buy new shoes or take vacations. All those industries need our business too, but for many of us housing, food, and gasolinec come first. We need to tap and drill our own oil wherevr possible in or around this country, and say FU to all the countries that want our natural gas or oil we drill down to get.

native atlantan

January 23rd, 2012
4:52 pm

btw, Atlanta use to be a reasonable part of GA to buy your gas, but now the retailers in Atlat are saying FU to all of us also. Gas quickly drops when you get away from Atlanta, and is even cheaper in cities like Greenville SC which are in the low $3 range even right now.

dw

January 23rd, 2012
4:53 pm

If you were a company drilling on US soil. WHY would you sell your oil cheaper than whats available on the world market? Great business model..

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Ahmed

January 23rd, 2012
8:05 pm

If the Iranians close the Strait of Hormuz, as they’re threatening to do, we’ll look back fondly on $3.45 a gallon as the good ole days.

007

January 23rd, 2012
8:34 pm

J Leno said it best, in Mexico the government owns the oil companies, unlike in the US where the oil companies own the government. A perfect example of our gov’t taking care of us.

007

January 23rd, 2012
8:48 pm

Looks like the oil companies are betting on Iran for them to keep raising prises & blaming it on a threat to close the Straits of Hormuz.

Marijuanaz

January 24th, 2012
2:29 am

Boo hoo, cry me a river. I live in Canada, eh? I would kill to pay the prices you Americans get. You whine about being ripped off but explain why at this second I am paying $1.40CDN for ONE LITRE of gas. Not a gallon, A LITRE. And everyone comes to Canada for our oil. Americans are suckers, but Canadians are bigger suckers. Bring on the North American Union. I want cheap gas and all the cool things Americans have and take for granted.

Don Stockton

January 24th, 2012
2:42 am

In the Ogden, UT, area we are paying less than $2.90 and have been for the last month.

david

January 24th, 2012
8:12 am

canada sucks

Bob Walters

January 25th, 2012
12:17 am

Need any more evidence be required to prove why we need to elect a Republican president and resurrect the Bush doctrine? While Obama cowers in the face of Iranian threats, Republican both Romney and Gingrich have all but guaranteed they will strike Iran if elected. It’s time to put an end to the Iranian menace.

The US has 30B USD in military equipment to remove from land-locked Afghanistan. The most direct exit route is right through the middle of Iran. Onward crusaders!