Gas prices below $3 in metro Atlanta

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(Curtis Compton, ccompton@ajc.com)

Drivers in Stone Mountain, Snellville and Suwanee might be doing double takes on Friday with the official arrival of gas prices under $3 a gallon.

It was just a week ago that experts who follow fuel price trends predicted the average price of gas would fall below $3 by Halloween, but the barrier had already been broken in some areas outside of metro Atlanta.

That’s no longer the case.

At some Kroger, Murphy USA, QuikTrip, Shell and Raceway stations in DeKalb and Gwinnett counties, the price for regular unleaded gas was between $2.95 and $2.99 a gallon Friday, according to the latest updates on atlantagasprices.com.

In Stone Mountain in DeKalb, a Kroger on Rockbridge Road at Old Tucker Road and a Murphy USA station on Rockbridge Road near Pounds Road were selling regular unleaded for $2.95.

In Gwinnett, a QuikTrip in Snellville at US-78 E and Rockdale Circle and a Murphy USA in Suwanee on Satellite Boulevard NE near Lawrenceville Suwanee Road were selling regular unleaded at $2.97.

Also in Suwanee and in Duluth, QuickTrip, Kroger, Shell and Raceway were selling regular unleaded for $2.99 in some areas.

Higher oil production, an existing ample supply of fuel, falling crude oil prices, lukewarm consumer demand and a drop in contracts for wholesale delivery of fuel to gas stations in the fall continue to push prices at the pump lower.

The price trend should continue, barring any unforeseen disruption in production or distribution that would interrupt delivery from the Gulf of Mexico or block tankers from arriving in Savannah, or a major conflict in the Middle East. A hurricane could cause such a disruption.

According to the latest data from the Oil Price Information Service, the average price for regular unleaded in metro Atlanta Friday was around $3.21, down a penny from Thursday, 8 cents from a week ago, 22 cents from a month ago and 29 cents from a year ago.

29 comments Add your comment

artbones

June 29th, 2012
1:04 pm

Pretty soon we’l be at $2.50 and we didn’t need Newt to get there. Is he completely irrelevent yet?

Cheaper gas is in SC/NC/Va

June 29th, 2012
1:11 pm

I traveled through the Carolina’s and Virginia two weeks ago. They already had gas prices around $2.94-$2.98/gal. Got back to Atlanta and they were $0.25- $0.30/ gallon higher.
I realize we are compelled to use a different blend in metro areas in the Summer but its always been about a $0.15/gal difference, not $0.25 or mor.
I wonder what gives here?
To artbones- the reasons its coming down is an over all slowing of the world economy in Europe, continuing slowness here and China as well. Also some, because of the emergence of inexpensive natural gas.Be afraid of it going too cheap, it will mean it could be $1.50 a gallon but you won’t have a job.

Common Tater

June 29th, 2012
1:13 pm

So what’s a newt?

Hot Summer

June 29th, 2012
1:13 pm

And down they go ……… OH … I don’t see any mention anymore on Fox News about gas prices and President Obama. Only when they go up it’s a story ? I am confused.

Here we go

June 29th, 2012
1:15 pm

I filled up at $2.89 in TN last weekend…hurry up ATL!!!!

Really ?

June 29th, 2012
1:36 pm

That is nothing to be excited about . The ” friends of Barry ” can still and will continue to, hold us hostage. The prices will continue rise and fall as we do nothing to free ourselves from dependence on foreign oil. How does 1.50/gal sound ? Get rid of the liberal bedwetter’s and and we’ll find out.

southpaw

June 29th, 2012
1:38 pm

The average price on January 20, 2009 was a little under $2/gallon. Hot Summer, if airbones’ prediction of $2.50/gallon becomes reality, THEN the story will be worth reporting.

southpaw

June 29th, 2012
1:39 pm

artbones…sorry

Holden Magroyne

June 29th, 2012
1:54 pm

Paid 3.19 this morning in Norcross at QT on Indian Trail. Why the huge price differances? I want a refund QT!!!!

ENOUGH!!

June 29th, 2012
2:15 pm

I was in Warner Robbins last weekend – 2.87. WOW!!

ExNuYawker

June 29th, 2012
2:20 pm

Wont last long. Per GASBUDDY.COM – Gas price declines may soon end. Oil is up over $6/bbl, and wholesale gas prices will start to rise as soon as tonight, 8-15c/gal. Share this with your friends so they know whats coming in the days ahead!

CindyB

June 29th, 2012
2:21 pm

Check out the various states taxes and you may find out why gas is cheaper in other states.

carlosgvv

June 29th, 2012
2:33 pm

After all these years, I still can’t get a straigt answer as to why our gas prices still see/saw. I’ve heard it’s Bush’s fault, it’s those Arab’s fault, it’s Obama,s fault, it’s those speculator’s fault, it’s the Republican’s fault, it’s the Democrat’s fault, etc, etc. etc. I guess a definitive, honest answer is out of the question.

Maddawg

June 29th, 2012
2:35 pm

Here in San Diego, California, we still have gas over $4.00/gal in and around the area, but there are a few places where it has dropped to $3.69/gal as of this morning. My family is so tired of living in a third-world ghetto state and San Diego, sadly, is following the state down the same road. Despite a mild climate with a scenic geographic location, we have the nation’s 10th worst-rated air pollution, some of the worst roads in America, one of the highest homeless and suicide rates in the nation, the most narcissistic people in the country, and an exodus of native San Diegans and Calfornians moving out of this once bucolic paradise-now-turned into a giant turd of a state covered in glitter wasteland run by liberalistic & idiocratic morons. Our Christmas present to us this year? We’re MOVING OUT!! — to Jupiter, Florida (a move to any state outside of California is an improvement). We can’t wait!!

bobby

June 29th, 2012
3:03 pm

If only every year was an election year! Soon people will be able to use their EBT cards for gas!

Get er done

June 29th, 2012
3:07 pm

I’m sure Obama is to blame. Someone in the GOP better get on the spin for this one.

native atlantan

June 29th, 2012
3:09 pm

Have you seen the futures price of oil jump over $7 per bbl today. I hate the way this commodity is now so traded by speculators, and not the marketplace. The dollar is tanking today, and driving the price of oil and gold through the roof.

Benjamin check

June 29th, 2012
3:11 pm

To answer Carlosgvv and many other people’s question, gas is a commodity sold on the world market. It’s price, while affected by speculation and taxes, is driven by the same thing that has driven the price of goods since trade existed. Supply/demand. The third world is advancing; china and India added 20 million new cars in the last decade, they don’t run on hopes and dreams. Add 20 million new cars, plus the overall demand for energy period and prices go up. Be wary of people who blame Obama, democrats, regulations, etc. They are either being willfully obtuse for their own gain, or grossly ignorant of basic economic concepts. Their money is made casting dragons teeth (talking points) and easily graspable slogans like the proverbial “4 legs good, 2 legs bad” (drill baby drill) among their easily influenced constituents. The concept of drilling oil wherever they find it and a magic $1.00 gas price reduction sounds good to the ignoramus who doesn’t realize that flies in the face of and violates several world economic treaties and trade agreements. The orchestrators of such propaganda make their money and secure votes in the divide between those who know and those who don’t. The only way to drop the price of gas is to fInd a vast quantity of oil; a quantity equal to what we have used over the past century, or use less oil. Since that quantity of oil DOES NOT EXIST…..there is but one alternative.

Buzz Job 2

June 29th, 2012
3:12 pm

Good for you, Maddawg! Florida’s weather will take some getting used to, but, there is no state sales tax (tourists pay it instead)there. If you can handle the heat AND humidity, then you’re golden. But, you do have the eternal gulf breezes to enjoy!

John Daly

June 29th, 2012
3:18 pm

I was in SC Wednesday and gas was $2.81.

SB

June 29th, 2012
3:20 pm

LOL Jupiter, Florida…. enjoy that…..

Really ?

June 29th, 2012
4:09 pm

Ben ???? Lot’s of fluff and as usual, no foundation. Supply and demand is correct. OPEC has the supply and dictates the price. America has double the oil supply of all OPEC nations combined, located in the Gulf of Mexico. We cannot access the oil due to Government regulations and the massive red tape to get a permit. The companies ( and jobs) go to other countries. The Keystone pipeline would create thousands of jobs and cut our dependence on foreign oil in half. Yes….. the supply would increase and the prices would drop ( economics 101 ). We have not built a new refinery since the late 70’s (more gov’t regulations). Your theory has plenty of words but no substance. Typical

blame it

June 29th, 2012
4:14 pm

Gas is down…blame it on Obama!

Smitty

June 29th, 2012
4:15 pm

MY NAME IS MICHELLE BACHMANN, AND WHEN I AM ELECTED PRESIDENT OF THE UNITED STATES, GAS WILL BE $2 A GALLON. MY NAME IS MICHELLE BACHMANN AND I AM RUNNING FOR PRESIDENT OF THE UNITED STATES. Oh the horror that could have been…

Sister Sarah

June 29th, 2012
4:30 pm

Question Mark & the Mysterians

June 30th, 2012
9:33 am

The ” friends of Barry ” can still and will continue to, hold us hostage.

Grow up, idiot.

Lanteesha

June 30th, 2012
10:44 am

“The price trend should continue,…”

…for a few more days maybe. Crude closed up $7.18 a barrel yesterday, that will show up at your local gas station shortly.

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MarkD

July 1st, 2012
6:08 am

People over-react when gas gets high, and get too excited when it gets low. That summer vacation doesn’t depend on the price of gas. The big expenses are lodging and entertainment. On my upcoming 2000 mile trip gas was 12% of the total. I used the vacation estimator calculator at http://www.yourmoneypage.com for my calculations.