Georgia Gas Price Average Falls Below $3

first_img For Whom The Bell Rings The cost of gas in Georgia is officially below the $3 dollar mark.That includes metro Atlanta, where the average price for a gallon of regular, unleaded is $2.99, according to AAA.An audio version of this story.0:24That’s down about two-cents from last week, and a whopping 38-cents from last month.“We are seeing gas prices falling at an average of 1-2 cents a day,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “Motorists are saving 65 cents on average for every gallon they pump into their tank, when compared to the peak price of $3.70 in April. That’s extra money consumers can now use in other areas like holiday shopping.” WTI, the benchmark for crude oil in the U.S., fell $1.08 on Friday to close the week at $81.01. Oil prices hit a two year low on October 16th, briefly falling below $80 a barrel. Analysts predict the price of oil could fall as low as $75. “Cheaper oil equals cheaper gas,” said Carrasco. “Oil accounts for two-thirds of the price at the pump. Right now, demand is low and oil production in the U.S. is at almost a 30 year high. Lower oil prices means more money in consumers pockets.”Commuters in Georgia, Florida and Tennessee haven’t seen prices this low since December 20-10.The national average is $3.05, a six-cent dip over the past week.  0:24 | Play story Add to My ListIn My List Related Stories Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility Share ‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Partylast_img

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