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Gas Prices Rise Slightly - Cheapest Local Prices Lower than State Average PDF Print E-mail
Written by Jimmy Holbrook   
Wednesday, 15 February 2017
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According to AAA, prices at the gas pump have risen slightly over the past week. The national average for a gallon of regular unleaded was $2.28 on Monday, an increase of a penny from last week, down seven cents from a month ago and up by 59 cents over last year.

AAA Spokesman Josh Carrasco states, “Low demand is keeping downward pressure on gasoline prices.  OPEC’s cuts are being offset by increases in domestic oil production, high gasoline and oil inventories and a drop in gasoline demand.  Gas prices should remain steady in the near-term before taking their seasonal upswing as we head into the spring.”

The US Energy Information Administration’s latest weekly estimates of US gasoline demand reveals that January 2017 figures are down six percent from January 2016 and are at their lowest standing for the first month of the year since 2012.  The EIA forecasts gas prices to average $2.39 per gallon in 2017 and $2.44 in 2018.  The organization also expects West Texas Intermediate crude oil prices to average about $54 per barrel this year.

Gas prices in Alabama and Tennessee on Monday were listed at $2.05, in South Carolina prices were at $2.03 and $2.17 in Georgia. Prices for Florida was at $2.27.

According to Gasbuddy.com the cheapest prices for gas in Summerville could be found at Great Way Food Mart on Dot Johnson Drive where gas was $2.07 per gallon Wednesday morning.  In Trion, the cheapest price could be found at Murphy USA at Wal-Mart where gas was also $2.07 per gallon. 

 
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