Southeast fuel prices up 10-cents from last week - WTVM.com-Columbus, GA News Weather & Sports

Southeast fuel prices up 10-cents from last week

From AAA

Retail gas prices in the Southeast increased 10 cents fromlast week and are expected to rise throughout the month. Since July 4,motorists have seen prices at the pump increase after a steady two-monthdecline.

Upwardpressure on the market pushed oil to close at its highest settlement since May.A barrel of oil settled Friday at $91.44 on the New York MercantileExchange—$4.34 more than the week prior. Rising tensions in the Mideast coupledwith a decrease in both gasoline inventories and oil supplies have kept priceselevated.

"Motoristswill likely see gas prices increase throughout the month as tensions with Irancontinue to create concern of a disruption in global oil supply," said JessicaBrady, AAA spokeswoman, The Auto Club Group. "Although the national averageclimbed 14 cents since July 1, prices are still about 50 cents less than thepeak price of $3.94 in April."

The nationalaverage price of regular unleaded gasoline is $3.47, 7 cents more than last week.Florida's average of $3.40 and Georgia's average price of $3.36 increased 10cents from last week. While Tennessee's state average of $3.22 rose 9 centsfrom last week, respectively. Visit AAA's Daily Fuel Gauge Report to find national, state, andlocal metro market retail gasoline prices.

 

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