Gasoline prices spike

By SARAH FAY CAMPBELL
sarah@newnan.com
Gasoline prices have skyrocketed in the new year, with prices at the cheapest stations nearly 40 cents higher than they were in late December.
The late December dip below $3 was short lived, and predictions that prices would only rise slightly didn't pan out.
On Tuesday, the cheaper stations in Coweta were offering regular unleaded in the $3.38 range, while other stations were offering it for $3.45 and even $3.54.
The state average was $3.463 on Tuesday. Prices jumped 14 cents in a week, according to AAA's www.fuelgaugereport.com website. A week ago, the state average was $3.322. That was actually down a bit from a month ago, when the average was $3.324
Prices are still lower than they were a year ago — when the state average was $3.494.
The national average was $3.533 on Tuesday, up from $3.364 a week ago and $3.299 a month ago.
"The national average has ticked higher in the last week, as rising oil prices have put upward pressure on gasoline prices," said Patrick DeHaan, senior petroleum analyst for gasbuddy.com . "Unfortunately for angry motorists, there doesn't seem to be much relief in sight, at least for the time being, as retail prices continue to climb in virtually all areas of the country."

A positive economic outlook, supply issues, refinery maintenance and preparation for the summer fuel switch helped push oil prices closer to $100 a barrel last week, said Jessica Brady of AAA, The Auto Club Group, which tracks gas prices.

"Refineries have started to prepare for maintenance season and the switch from winter to summer grade gasoline. Refinery output has already seen a reduction. In addition, positive economic news has led to an increase in oil prices which also translates to higher prices at the pump," Brady said.



More Local

250 students affected

Homelessness ‘vicious cycle that’s going to continue’

The economy has bounced back from the lows of a few years ago. The housing market is healthy, and the jobless rate has improved. But, for so ... Read More


Annual Sunrise on the Square Road Race a success

The annual Sunrise on the Square included ideal weather and a first-time winner who actually pushed his baby in a stroller. The race, hosted ... Read More


HealthSouth facility scheduled to open Dec. 2

Progress for HealthSouth’s new facility is on track for a Dec. 2 opening, which will add to the town’s growing collection of hea ... Read More


Subsidized medical center proposed for Senoia

Palmetto Health Council is applying for a grant to bring a subsidized medical clinic to Coweta, proposed for the Senoia area. The non-profit ... Read More


Economic Impact

Ports hit new record

The Georgia Ports Authority moved more than 3 million 20-foot equivalent container units in fiscal year 2014 – and set a new record fo ... Read More

Maternity home on zoning board’s agenda

Decisions on a proposed “maternity home” for pregnant teens, expanded outdoor seating for a proposed downtown restaurant, and al ... Read More