Valdosta’s gas prices dip again
Published 11:15 am Monday, October 31, 2016
- File art
VALDOSTA, Ga. — Gasoline prices in Valdosta fell for the second week, though prices are still higher than they were a year ago.
The average price of a gallon of regular gasoline in the city Saturday was $2.11, four cents cheaper than the previous Saturday, according to AAA’s Daily Fuel Gauge Report.
Trending
The least expensive fuel in Valdosta Saturday was $1.92 at a convenience store on U.S. 84, according to the price tracking website gasbuddy.com. For the first time in more than a month, the price of gas dipped less than $2 at some Lowndes County retailers, with five stores selling fuel for $1.99 a gallon or cheaper, according to gasbuddy.
Nationally, the average price of gasoline Saturday was $2.22 a gallon, unchanged from the week before, while Georgia’s statewide average was $2.18, down four cents from seven days previously, according to AAA.
In market action, U.S. crude fell $1.02, or 2.1 percent, to $48.70 a barrel in New York Friday. That was its lowest price this month. Brent crude, the international standard, lost 76 cents, or 1.5 percent, to $49.71 a barrel in London.
Although gasoline demand typically retreats during the fall due to lower driving demand and the switchover to winter-blend gasoline, continued unplanned outages could create volatility and put pressure on the national average in the near term, the auto club said.
Terry Richards is senior reporter at The Valdosta Daily Times.