Gas prices in Coweta County went up five cents over the last week, following state and national gas price increases.
The average price for regular unleaded in Coweta County was $2.976 on Tuesday, up from $2.929 at this point one week ago. Two weeks ago, the average price of gasoline was $2.931.
Across Georgia, the average price for regular unleaded has gone up as well, from $2.937 to $2.975. A month ago, the average price of gasoline was $2.895, while a year ago, as the nation was in the midst of trying to recover from the COVID-19 pandemic, the average price was $2.011.
Nationally, the average price of regular unleaded was $3.166, up two cents from last week at $3.146. Two weeks ago, the average price was $3.109.
Crude oil prices have fluctuated over the last week, from a high of $75 a barrel last week down to $71 at the end of trading on Friday, and down to $66.81 mid-morning on Tuesday. The recent decrease in crude prices is possibly due to a deal from the nations of OPEC which could increase oil production next month by 400,000 barrels a day.
However, AAA still expects higher pump prices to be the norm.
“It’s a cruel summer at the gas pump with prices showing little signs of relief,” said Jeanette McGee, AAA spokesperson, in a press release. “However, the more expensive prices aren’t stopping motorists from filling up, based on strong gasoline numbers.”
According to a press release from AAA, any price increase in gasoline has been mitigated by an increase in supply and a drop in demand from the last week. According to the Energy Information Administration’s most recent report, gas demand dropped in the last week, while gasoline stocks increased by a million barrels.