Georgia gas prices drop 9 cents in 16 days
February 19, 2018--7:43 a.m.
Motorists are seeing steady discounts at the gas pumps. Georgia gas prices declined the last 16 consecutive days for a total of 9 cents. During the past week, the state average dropped 5 cents. Sunday's state average of $2.41 is 3 cents less than a month ago, yet 23 cents more than this time last year.
"Gas prices declined as forecast, based on significant gains in both oil and gasoline production in the United States," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Although motorists may see additional discounts at the pump this week, this downward trend has a limit. AAA expects gas prices will shoot-up 20-30 cents between March and May, as refineries conduct seasonal maintenance and switch to summer-blend gasoline."
Spring refinery maintenance season always puts upward pressure on gas prices and often drives prices to their highest point of the year. This year's period already began on February 1st and is expected to peak during the last week of March or first week of April. During this time, refineries reduce output while they conduct scheduled maintenance on their equipment. This spring could be more active than previous years, because there are many refineries that skipped their scheduled maintenance period in the fall, due to Hurricane Harvey's impact on the Gulf Coast.