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Gas prices up by five cents in Coweta County over last week


  • By Joe Adgie
  • |
  • Jul. 20, 2021 - 4:58 PM

Gas prices up by five cents in Coweta County over last week

The Newnan Times-Herald

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.