After Steady Decline, Atlanta Gas Prices Increase

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For the first time since April, Atlanta gas prices have spiked. Triple A spokesperson Jessica Brady says several factors have pushed oil prices higher, which resulted in higher gas prices.

“Right now, metro Atlanta’s average is $3.26, which is about 8 cents more than last week,” Brady says, “And Georgia’s price right now is $3.21, which is also eight cents more than last week.”

Brady says optimism about Europe’s new debt agreement, concern new sanctions might cause Iran to block global oil supply, and a labor strike in Norway all affected the price of oil. But, she expects gas prices to even out in the short-term.

“It’s early in the week, so a lot can happen between now and Friday to sway prices or the price of oil,” she says, “I don’t think we’re going to see prices jump overnight again. I think we’ll probably see some stability at the pump at least for the next few days, if not the week.”

Despite the recent uptick, Atlanta gas prices are about 30 cents-a-gallon lower than they were one year ago.

For More Information:

Bureau of Labor Statistics, U.S. Department of Labor: Average Energy Prices in Atlanta – May 2012

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