If you’re heading out of town for the July 4 holiday weekend, you’re going to pay a few pennies more per gallon to fill your tank than what it cost last weekend.
AAA––The Auto Club Group, which includes Georgia, said the average statewide increase has been around 8 cents a gallon, continuing an upward trend that has seen prices go up by 25 cents since the start of June.
Georgia motorists are paying an average of around $2 a gallon, and around $30 for a 15-gallon tank of gasoline.
That’s still a lot less than the recent peak of $2.74 a gallon in April 2019.
“Demand levels are likely to ebb and flow in the coming weeks as people continue to be cautious about travel,” said Montrae Waiters, spokeswoman, AAA––The Auto Club Group. “As a result, pump prices will likely continue to increase through the end of July.”
The national average is $2.18, a jump of five cents from last week.
In metro Atlanta, the current average is $1.98 for a gallon of unleaded regular gasoline, and in Cobb County, the average price is $1.97.
You can check more gas price averages by clicking here.
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I blame the Federal reserve and their continued insanity of printing money.
Remember that when the Fed bails out large corporations with QE and does not sterilize that by selling bonds in the open market, the money supply increases permanently. Mathematically that is equivalent to a naked short of the dollar and drives hard commodity prices like oil up (artificially.)
The Fed LIED to us consistently in the 2010s insisting that they would reverse their inflationary policies. They have done no such thing in fact expanding their balance sheet to record levels.
Yes gas is still relatively cheap as demand has been crushed by the recession. But just wait a few years …
This hurts the poor and those on fixed incomes the most.