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

High School Musical

Northgate High brings popular musical to Coweta

Northgate High School (NGHS) plans to bring the popular “High School Musical” to the stage at the Centre for Performing and Visu ... Read More


Mantracker

Annual officer training classes this week

In case anyone is wondering why there are 500 more law enforcement officers than usual in Coweta, this week is the annual Mantracker trainin ... Read More


Lucille’s Lucky Shoes sets record

Lucille Miller, despite battling a terminal illness, finds passion in every aspect of her life, including the fulfilment of her goals. At t ... Read More


reduce, reuse, recycle

Earth Day and ECycling opportunities in Coweta

It’s time for spring cleaning, and in addition to cleaning out the garage and gutters, many Cowetans will be hauling off old TVs, comp ... Read More


Coweta Commission

Lake Redwine request on Tuesday agenda

A decision on a variance request for a new development area at Lake Redwine is on the agenda for Tuesday night’s meeting of the Coweta ... Read More

NTH Turns 150

Newspaper offices got start as store

There are no more horse collars or anvils at 16 Jefferson St., but the corner building in downtown Newnan still has reminders of its origins ... Read More