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Georgia gas price plunge slows

December 10, 2018--8:04 a.m.

NEWS RELEASE

The discount at the pump is beginning to slow down in some southern states. Gas prices in Georgia declined fractions of a penny on Sunday, after dropping 1-2 cents a day for the past seven weeks. Average prices in most major metro markets around the state followed the same trend.

"The plunge at the pump could soon come to an end," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Pump prices are close to catching up with the recent crude price plunge. However, oil prices are beginning to increase, after OPEC announced a production cut agreement on Friday. Regardless, drivers should continue to enjoy low gas prices through the end of the year, unless oil prices suddenly spike."

Sunday's state average of $2.22 is 7 cents less than a week ago, 36 cents less than last month, and 11 cents less than this time last year. The average price in Georgia has declined the past 58 consecutive days for a total discount of 59 cents.

Monday morning, the average price in Floyd County was $2.08, according to AAA.

It was $2.13 in Bartow County, $2.09 in Gordon County, $2.12 in Chattooga County and $2.25 in Polk County.

Sunday's national average price of $2.42 per gallon is 5 cents less than a week ago, almost 30 cents less than last month, and 4 cents less than this time last year. The national average has declined 60 consecutive days for a total discount of 49 cents.