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VALDOSTA — Gasoline costs in South Georgia continued to skyrocket final week, following state and nationwide traits.
The typical value for a gallon of normal gasoline in Valdosta late within the week was $3.65, up 12 cents throughout the earlier week, based on the AAA Each day Gasoline Gauge Report.
The bottom value reported within the Azalea Metropolis was $3.13 per gallon at a Bemiss Street retailer, whereas the bottom value reported in Tifton was $3.25 per gallon at a retailer on Whiddon Mill Street, based on the worth monitoring web site gasbuddy.com.
Valdosta was in a three-way tie with Augusta and Athens for sixth-highest common gasoline value among the many 15 Georgia markets monitored by the auto membership: under Warner Robins, Savannah, Brunswick, Atlanta and Albany however above Rome, Macon, Hinesville, Gainesville, Dalton, Columbus and Catoosa.
Nationally, the typical value of gasoline was $3.82 per gallon, eight cents increased than seven days in the past, whereas Georgia’s common of $3.66 per gallon was 12 cents increased throughout the identical interval, AAA mentioned.
“Final month’s excessive warmth performed a task within the current spike in gasoline costs resulting from some refineries pulling again however now operations are getting again to regular,” mentioned Andrew Gross, AAA spokesperson. “Coupled with tepid demand and declining oil costs, this may increasingly assist take the steam out of the tight provide value jolts we’ve seen recently.”
In late week market motion, shares of power producers have been additionally stronger as crude oil costs rose roughly 2.7%. Exxon Mobil gained 2.2%.
Benchmark Brent crude traded at greater than $80 a barrel. Brent has largely hovered between $75 and $85 a barrel since final October.
Terry Richards is the senior reporter for The Valdosta Each day Occasions.
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