Gas price drop likely temporary

Enjoy those dropping gas prices while you can, because AAA’s Auto Club South expects them to stabilize in May, and perhaps, rise again if hurricane season is busy and Iran’s upcoming meeting with the United Nations goes poorly.

The price of a gallon of unleaded regular in Georgia dropped on Tuesday to just under $3.75, 8 cents less than the average Georgia price the previous week.

Nationwide, a gallon of regular unleaded gasoline averaged just under $3.86, a 4-cent drop from the week prior.

Diminished demand for gasoline around the world contributed to the declining prices, said Jessica Brady, a spokeswoman for AAA. Here in the U.S., home sales decreased and unemployment increased, meaning that fewer people drove their cars to fewer jobs.

“While it’s very likely retail gas prices will retreat further this week, it doesn’t necessarily mean we’ve seen the peak price for 2012,” Brady said. Severe hurricanes could drive the price back up. So could a meeting next month between U.N. Security Council members and Iranian delegates in Baghdad, regarding sanctions against Iran.

The bottom line? “If you’ve found a way to budget, stick to it,” Brady advised.

— Jim Massara


OscarKnight 2 years, 10 months ago

....Finding a way to budget ?

.....What Nation have you been living in ?......:)

....I have been on a budget, since the recession of 1973-74.


OscarKnight 2 years, 10 months ago

....If $3.75 per gallon is low; I would be amazed to see what the high costs appears at the pump. One question : What will be the high water mark, with another four years of this nonsense ?

....Finding a way to Budget ?....Do we have another choice ?


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