Price per barrel hits 2012 record
Tue, 15 May 2012 06:25:00 GMT —
For the past few weeks the United States has seen a drop in prices at the pump and now the price for a barrel of oil has inched lower.
According to AAA, the price per barrel of oil has dropped to its lowest cost so far this year.
At $96.13, it's $2.00 less than last week.
Officials say pessimistic economic news across the globe caused the price per barrel to drop.
Currently the price for a gallon of gas in Georgia is $3.53, twenty cents lower than the national average.
Due to a weakened demand, retail gas prices are expected to continue to fall throughout the week.
CURRENT AND PAST PRICE AVERAGES Regular Unleaded Gasoline Current Week Ago Month Ago Year AgoNational: $3.728 $3.783 $3.901 $3.982Georgia: $3.533 $3.617 $3.844 $3.945