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

Gray found guilty of rape

Guilty was the verdict reached in the sleepwalking rape trial of Benjamin Gray. After three hours after beginning their deliberation, the ju ... Read More


Sexsomnia or rape? Verdict in jury’s hands

Closing arguments in the sleepwalking rape trial of Benjamin Gray concluded Friday. Coweta County Assistant District Attorney Herb Cranford ... Read More


118 Newnan High students tested for TB

More than a hundred tuberculosis exposure tests were administered at Newnan High School on Friday, as earlier in the week a NHS student was ... Read More


Senoia man arrested after fleeing from officer

A Senoia area man was arrested Tuesday and taken to the Coweta County Jail after allegedly leading a Coweta County sheriff's deputy on a hig ... Read More


UPDATE

Wreck victim in fair condition

James Hand, who was injured in a motor vehicle crash Thursday morning, was listed in fair condition Friday at Atlanta Medical Center. Hand w ... Read More

Prescribed burn smokes out Lake Redwine

A large fire that brought days of smoke and acrid smells to the Lake Redwine area was a prescribed burn that was done in accordance with cur ... Read More