AM 1470 WRGA Rome's News Talk Listen LIve
 
 

 

Georgia gas prices see steady decline

June 18, 2018--7:40 a.m.

NEWS RELEASE

Motorists are getting some welcome relief from high prices at the pump.

The national average price for a gallon of regular unleaded was $2.90 on Sunday, after declining 7 cents since Memorial Day weekend. 

"Pump prices should sink even lower this week after wholesale gasoline prices took a dive," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "There is now firm downward pressure on the oil market as it appears increasingly likely that OPEC will agree to ease production cuts. As a result, gas prices are poised for another 5-10 cent drop."

Gas prices in Georgia declined 4 cents last week. Prices at the pump averaged $2.75 per gallon on Sunday. Since peaking at $2.84 on Memorial Day weekend, gasoline has declined nearly 10 cents.