South Georgia’s gas prices inch upward

Published 4:30 pm Tuesday, April 16, 2024

VALDOSTA — Gas prices in South Georgia edged upward over the past week, according to statistics.

The average price for a gallon of regular gasoline in Valdosta Tuesday was $3.37, up a penny over seven days, according to the AAA Daily Fuel Gauge Report.

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The lowest fuel price reported in the Azalea City Tuesday was $3.22 per gallon at a store on Inner Perimeter Road, while the lowest price reported in Tifton was $2.99 per gallon at a retailer on Old Ocilla Road, according to the price tracking website gasbuddy.com.

Valdosta was tied with Columbus and Albany Tuesday for the ninth-highest gas prices among the 15 Georgia markets monitored by the auto club: Above Warner Robins, Rome, Dalton and Catoosa but below Savannah, Macon, Hinesville, Gainesville, Brunswick, Augusta, Atlanta and Athens.

On the national scene, the average gas price Tuesday was $3.64 per gallon, up three cents in a week, while Georgia’s average of $3.43 per gallon was up eight cents in the same period, AAA said.

“Renewed Ukrainian attacks on Russia’s oil infrastructure and increasing tension in the Middle East spiked oil prices recently,” said Andrew Gross, AAA spokesperson. “And with the cost of oil accounting for roughly 60% of what we pay at the pump, there will likely be some upward pressure on prices.”

In Tuesday’s market action, benchmark U.S. crude oil for May delivery fell 5 cents to $85.36 per barrel Tuesday. Brent crude for June delivery fell 8 cents to $90.02 per barrel.

Wholesale gasoline for May delivery rose 4 cents to $2.82 a gallon. May heating oil was unchanged at $2.65 a gallon. May natural gas rose 4 cents to $1.73 per 1,000 cubic feet.