Gas prices up 3.4 cents in the last week
Filling your tank will lighten your pockets a bit more this week as gas prices in metro Atlanta continue to climb. Pump prices have risen 3.4 cents in the last week — to an average of $3.48 a gallon on Sunday.
Analysts point to three main reasons for the uptick: a shutdown of multiple refineries across the U.S.; the continuing economic turmoil in Europe, and Iran’s threat to close the Strait of Hormuz.
“Although oil prices remain near $100 a barrel, retail gas prices continue to rise at a steady pace,” said Jessica Brady, AAA spokeswoman. “Concerns of dwindling supplies from refinery shutdowns in the U.S., at a time when gas demand is starting to improve are driving pump prices higher.” She said consumers are likely to see gas prices increase again this week.
Prices Sunday were 51.5 cents per gallon higher than the same day a year ago and are 28.9 cents per gallon higher than a month ago, according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
“We continue to also watch how Iran responds to EU sanctions- there are some concerns that they may cut oil to the European region before the sanctions are to take effect to cause these countries hardship when they can’t find new sources of oil quickly enough. That in itself could draw crude oil prices higher quickly at a moments notice,” DeHaan said.
Meanwhile, lower than average prices have been spotted throughout metro Atlanta. GasBuddy.com reports regular unleaded gas for $3.34 at Home Depot, 3355 N. Cobb Pkwy near Acworth; $3.35 at an Ingles at 3701 Walt Stephens Rd & Speer Rd. in Stockbridge, and $3.35 at a Marathon at 326 Cherokee St & Timber Lake Rd in Kennesaw.
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122 comments Add your comment
rivercard
January 30th, 2012
3:47 pm
UGA 1999 – I don’t really see how the items you listed effect the refined product. We are already refining so much more than we need and are exporting record amounts. Thus we are importing large amounts of crude for the sole purpose of refining and exporting. Domestic oil production has remained fairly steady for the last 10 years. Increased domestic production would be a boon for oil companies and would create jobs, but I can’t see that it would have any significant effect on price.
red neckerson
January 30th, 2012
3:47 pm
Aldo,
I own a pick-up and burn gas like a patriot.
A LOT more in Roswell!!!
January 30th, 2012
3:51 pm
Here in Roswell, it’s up 15 cents at the QT ($3.45) and even more at Chevron since Friday at 9AM.
The same QT was $2.94 on Dec 22nd.
td
January 30th, 2012
3:51 pm
Twoote
January 30th, 2012
3:11 pm
Gas is at least $1.00 more per gallon than when Obama took office.
Arent we all supposed to ask this question:
Are you better or worse off today than you were 4 years ago?
DUH!
Gas was $1.87 per gallon the day Obama took office. Great question.
dt
January 30th, 2012
3:57 pm
td,
I didn’t think it was possible, but your definitely butt-uglier then you were 4 yrs. ago….
Sara
January 30th, 2012
4:00 pm
uga ‘99 will be back as soon as his boss finishes checking his cubicle for head lice.
Gas prices up 3.4 cents in the last week – Atlanta Journal Constitution (blog) : doing-it-green.com: wind solar energy resellers
January 30th, 2012
4:04 pm
[...] Gas prices up 3.4 cents in the last weekAtlanta Journal Constitution (blog)Filling your tank will lighten your pockets a bit more this week as gas prices in metro Atlanta continue to climb. Pump prices have risen 3.4 cents in the last week — to an average of $3.48 a gallon on Sunday. Analysts point to three main reasons for …Gasoline prices fall in DenverDenver PostAAA: Gas prices highest ever this time of yearWANEIllinois gas pricesAledo Times RecordSyracuse.com -Providence Business News -Newark Postall 216 news articles » [...]
Jerry
January 30th, 2012
4:06 pm
There is some kind of anomaly going on in the metro Atlanta area regarding current gas prices. I say this for two reasons and have NEVER seen this before. I heard announced the average nationwide gas prices announced last week. I don’t remember the exact amount but we were at least 5 cents a gallon over the national average. Always in the past we have been lower due to our lower state taxes. Also I drove to Chattanooga over the weekend. Many stations off of the interstate were advertising $3.29 owe gallon for regular and these were all still in GA. If anyone can give a reason for this disparity, I’d love to hear it as I have never witnessed it before.
Aldo Raine
January 30th, 2012
4:09 pm
Whoa! I was just trying to see if anyone would admit to a Prius, I drive a V10 Excursion daily!
jon galt
January 30th, 2012
4:24 pm
who is ron burgundy?
Sven
January 30th, 2012
4:27 pm
I drive a European scooter that gets 65 mpg. Sell your car, move closer to work and buy a two-wheeler. Ain’t life grand.
Aldo Raine
January 30th, 2012
4:37 pm
No thanks Sven!
Sven
January 30th, 2012
4:39 pm
Aldo,
You can ride side saddle….
Aldo Raine
January 30th, 2012
4:41 pm
Again, no thanks Sven
Sven
January 30th, 2012
4:46 pm
Aldo,
Once you go Sven, you never go back!
Aldo Raine
January 30th, 2012
4:52 pm
Sven I tell you what, I will let you ride your scooter in my tire treads, how’d that be!
Sven
January 30th, 2012
5:04 pm
Aldo,
I like it rough…
BS Excuses are getting Old -
January 30th, 2012
6:50 pm
Bu77$hit! These excuses are a load of crap. It boils down to corporate oil greed and nothing else. When there is no threat to the straight we’ll not see a decrease, nor will we see one when the EU is more stable. What we will see is a continuous rise until we reach European prices as your illustrious Omaba stated at the beginning of his term! And he refuses to support an oil pipeline! Watch the tanks, gasoline rises until it hurts, and people scream then it drops a few pennies. After a short while, it rises again, a little higher until people scream again, then it drops. It has been a vicious circle since we had $1.00 gas and now we’re praying it won’t reach $4.00. Where are the salaries to compensate for this tremendous increase? In the CEO’s pockets, that’s where! What can we do, not a damn thing but buy it and gripe.
E-Roll
January 30th, 2012
7:14 pm
Here is a little info on why gas prices are increasing due to lack of production of crude oil to gasoline – The real problem, however, is not that there aren’t enough refineries (which, once again, there aren’t,) but that the refineries we have are not working at maximum capacity. Regularly, their parent companies will shut them down or scale them back, dramatically reducing their output. The oil companies say its due to refinery age, reparis, etc. There is much debate, however, as to whether or not these actions are actually deliberate in order to boost prices at the pump. It could be argued that with problems occurring that increase expenses for oil companies that their increase in profits recently makes those same statements of high expenditures false.
Read more: http://wiki.answers.com
Gas prices rise, and refinery closures loom – Los Angeles Times : doing-it-green.com: wind solar energy resellers
January 31st, 2012
12:04 am
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Road Scholar
January 31st, 2012
8:12 am
Chuck is the only one who has “hit the nail flush” on why GAS prices are going up. The price of oil has been hovering at $100 for some time. It’s the supply of gasoline fools. And even if President Obama OK’d more drilling when he came into office, that additional oil would not be available for 7 years!!!! And what guarentee would there be that the oil companies would keep that new oil just for the stupid Americans???
The real question is why are the refineries shutting down. Maintenance? Broken? manipulating the price of gas?
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