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Gas prices increase by a penny last week

October 1, 2018--8:39 a.m.

NEWS RELEASE

Georgia motorists found the most expensive September gas prices in four years.

Sunday's state average of $2.72 per gallon is 2 cents more than a month ago and 9 cents more than this time last year.

The state average does remain 12 cents less than this year's high - established on Memorial Day weekend. 

"Concerns about how sanctions against Iranian crude will impact global oil supply began to weigh on the market last week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Crude oil prices climbed and dragged gasoline prices higher as a result. The $5 per barrel shift in crude can signal a 25 cent hike at the pump. However, low seasonal gasoline demand and a cheaper-to-produce winter-blend gasoline should offset some of that upward pressure." 

Gas price averages in Northwest Georgia according to AAA were $2.65 in Floyd County, $2.73 in Bartow County, $2.70 in Gordon County, $2.63 in Chattooga County, and $2.75 in Polk County.