Labor Day gas prices lowest in four years

by Sarah Fay Campbell

By Sarah Fay Campbell sarah@newnan.com

Gas prices have dropped, on average, 10 cents a gallon in the past month; the drop is on track to result in the cheapest Labor Day Weekend gasoline since 2010, according to AAA.

The Georgia state average price for regular unleaded was $3.332 on Wednesday, compared to $3.434 a month ago, according to AAA’s FuelGaugeReport.com website. The national average was $3.431 Wednesday, compared to $3.527 a month ago, and $3.542 a year ago.

In Newnan on Wednesday, regular unleaded could be had for as cheap as $3.24 for cash customers at one station and club members at another, and $3.27 for members of the general public.

Other stations were offering regular unleaded for as high as $3.49, according to GeorgiaGasPrices.com .

"Record high oil production is keeping downward pressure on gas prices," said Mark Jenkins of AAA. "The bottom fell out again on oil prices last week, which should lead to another week of discounts at the pump despite rising demand, as 29.7 million Americans plan to take a road trip for Labor Day weekend.”

U.S. refineries are processing the most petroleum for this time of year since 1989, primary due to the boom in production from shale, which has boosted U.S. oil production by 64 percent in the last five years.

The price of West Texas Intermediate crude oil settled at $93.65 on Friday, the cheapest settlement since January, according to Jenkins.



More Local

Commission approves Todd Moore retirement agreement

A retirement agreement for former Coweta County Deputy Fire Chief Todd Moore was approved by a 3 to 2 vote at Thursday’s meeting of th ... Read More


Northgate to graduate 407 tonight

The Coweta County School System will have its second graduation for the year tonight, when 407 students are set to receive diplomas at North ... Read More


Man suspected of beating girlfriend arrested

A Newnan man suspected of beating his girlfriend over the weekend was arrested Wednesday and charged with aggravated battery. About 11:30 p. ... Read More


Schools analyze Greentop’s potential impact

The Coweta County School System (CCSS) is unclear as to how it would be affected should the two annexation requests for subdivisions on Gree ... Read More


Memorial Day

Ceremony Monday in Newnan to focus on 1945

It was 1945. World War II was coming to an end. Music was celebratory. Across Coweta County, there were Victory Gardens and scrap piles. Peo ... Read More

Coweta Fire Department

Harassment charges led to chief’s retirement

Coweta County Fire Chief Johnny Teeters voluntarily retired following an investigation into his role in the harassment of a firefighter and ... Read More