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Gas Prices Surge

March 5, 2012 by staff 

Gas Prices Surge, Average retail gasoline prices in Savannah are up 4.5 cents a gallon in the past week, averaging $3.72 a gallon Sunday.

This compares with the national average that has increased 5.2 cents a gallon in the last week to $3.71, according to gasoline price website SavannahGasPrices.com.

Prices Sunday were 26.2 cents a gallon higher than the same day one year ago and 25.1 cents a gallon higher than a month ago. The national average has increased 27.8 cents a gallon during the last month and stands 24.1 cents higher than a year ago.

“Gasoline prices have spiked considerably higher in virtually every area over the last two weeks, and while I don’t expect the pace of the recent rise in prices to continue for the entire month, a similar jump may again occur closer to April Fools Day, and it won’t be a funny joke, it’ll be disgusting reality,” said GasBuddy.com senior petroleumanlyst Patrick DeHaan.

“The rise in price is so unbelievable that we may have to revise upward our previous gasoline forecast that had called for a national average of between $3.75 to $4.15 by mid-May, as the national average already stands at nearly $3.72 a gallon,” DeHaan said.

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