Bad news drivers: The price of gasoline is on the rise.
In fact, according to AAA, the average price is up 11 cents per gallon in the past week, AAA said yesterday. Oil closed Friday at $68.44 per barrel, an increase of more than $2 per barrel over last week, though it closed lower than the $70 per barrel high it reached during the day.
“Some oil analysts expect the rally for crude oil to end within a few weeks somewhere between $70 and $80 per barrel and, if that happens, then retail gasoline prices could peak at about the same time. We don’t know when that might occur,” Gregg Laskoski, managing director of public relations, AAA Auto Club South, said in a news release. “But, we believe a prolonged run-up in fuel prices is likely to instill consumer resistance in much the same way we saw last year and that is obviously counter-productive to an economy trying to recover from recession.”
In Georgia, the average price for a gallon of regular unleaded gasoline is $2.586 compared to the national average of $2.613. Still, gas prices are about $1.40 below their level last year, according to AAA.
