Gas prices spike - WRBL

Gas prices spike

Posted: Updated:

Similar to the past two years, retail gas prices are headed back up following Independence Day, the busiest summer holiday travel weekend. The price for a gallon of regular retail gasoline jumped an average of 11 cents from last week in the Southeast.

The jump in price was expected after a barrel of oil traded above $100 for more than two weeks. Tensions in Egypt along with positive economic news and a decrease in oil supplies pushed crude prices beyond a 12-month high.

"Gas prices are on the rise and will continue to follow the upward trend for the next few weeks," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "This upward trend has occurred during the past two years and will likely happen again this year as demand for crude oil increases across the globe and geopolitical tensions remain."

The cost for a barrel of oil closed last Friday at $105.95 on the NYMEX — $2.73 more than the week prior.

The national average price of regular unleaded gasoline is $3.60, 13 cents less than last week. Georgia's average of $3.45 both jumped 11 cents from last Sunday.

Source: AAA

  • On Your SideMore>>

  • Columbus police investigating Adair Ave. shooting

    Columbus police investigating Adair Ave. shooting

    Thursday, April 24 2014 2:44 PM EDT2014-04-24 18:44:53 GMT
    Columbus police responding to calls of a shooting on Adair Avenue, police confirm.
    Columbus police responding to calls of a shooting on Adair Avenue, police confirm.
  • Alabama state representative arrested in Lee County on perjury charges

    Alabama state representative arrested in Lee County on perjury charges

    Thursday, April 24 2014 1:29 PM EDT2014-04-24 17:29:48 GMT
    Felix Barry Moore, a representative from the 91st District in the Alabama House of Representatives, has been arrested for felony perjury and providing false statements, acting state attorney general W. Van Davis announced.
    Felix Barry Moore, a representative from the 91st District in the Alabama House of Representatives, has been arrested for felony perjury and providing false statements, acting state attorney general W. Van Davis announced.
  • Name of Seale murder victim released

    Name of Seale murder victim released

    Wednesday, April 23 2014 8:53 PM EDT2014-04-24 00:53:49 GMT
    Eric Tunnell Anderson, 23, was found dead in a trailer home Tuesday afternoon, according to Sheriff Taylor. Taylor tells News 3 that Anderson was renting a trailer home on Avalon Circle in Seale.
    Eric Tunnell Anderson, 23, was found dead in a trailer home Tuesday afternoon, according to Sheriff Taylor. Taylor tells News 3 that Anderson was renting a trailer home on Avalon Circle in Seale.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.