Gas prices rising ahead of spring break

by Sarah Fay Campbell

alt

The rise in prices has been attributed to a reduction in gasoline stocks and an increase in the price of ethanol.


Coweta schools will be on spring break next week, and as expectations of travel rise, so have gas prices.

Georgia’s average price for regular unleaded has risen 14.6 cents in the past month, according to GasBuddy.com.

The state average rose 5.6 cents in the past week, compared to a national average that only rose 1.8 cents per gallon. Prices are 5.6 cents per gallon lower than they were at this time last year.

In Newnan on Tuesday, the cheapest regular unleaded was $3.43, according to GeorgiaGasPrices.com.

The rise in prices has been attributed to a reduction in gasoline stocks and an increase in the price of ethanol.

"While gasoline prices have seen slight increases in the last week, it still may get worse,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. "Last week, the EIA (Energy Information Administration) reported a large drop in gasoline inventories as refiners purged supplies of winter spec gasoline. Refineries also utilized a lower amount of their capacity as maintenance season continues.

“In the next few weeks, as maintenance is finished, there could be localized price spikes,” he said. "While gasoline prices are lower than I would have expected a few months ago, there is still some risk for higher prices in the days ahead," DeHaan said.

Rail networks have slowed shipments around the country, and slow-moving trains that have forced ethanol producers to trim back production, “which has led ethanol inventories to drop to levels just above record lows that occurred in 2010,” DeHaan said.

Ethanol prices are now higher than prices for regular gasoline, before taxes, said DeHaan. That’s the first time in two years.

“The high cost of ethanol and the requirement to blend ethanol into conventional gasoline is pulling retail gasoline prices higher,” DeHaan said.

“It may take several weeks to get logistics sorted out,” DeHaan said. In the meantime, “motorists will be paying more for gasoline containing ethanol, which is a required blending component in most of the nation’s gasoline.”



More Local

Tractor-trailer overturns during storm

A tractor-trailer that overturned during Thursday’s downpour left a portion of Highway 16 closed for three hours. About 5 p.m., a Buff ... Read More


Childcare centers must apply for DECAL exemption

Childcare centers in Coweta County who are not licensed with Bright from the State: Georgia Department of Early Care and Learning (DECAL) wi ... Read More


Litfest ticket deadline extended to Tuesday

Next weekend will be the first Southern Litfest event, sponsored by the Newnan Carnegie Library Foundation, and the tickets for events that ... Read More


EC alum represents film/television students in NYC

Newnan native and East Coweta High School graduate Joshua Bruce, a freshman television/radio major at Ithaca College in New York, represente ... Read More


Search warrant leads to seven arrests for drugs

Several men found themselves in jail Tuesday after Coweta County investigators executed a search warrant at a home on Martin Luther King Jr. ... Read More

Poplar Road gas lines struck by lightning during storm

The Coweta County Fire Department responded to a pair of house fires on Poplar Road Tuesday afternoon and were able to control both fires be ... Read More