After a steep climb and flirting with $4 a gallon, the gas price appeared to be moving in the right direction for a while. From just before Memorial Day until the end of June, prices were headed downward and by the beginning of July the gas price was back down to $3.55 a gallon nationally and about $3.42 locally - but that trend was short lived. For most of the month of July, prices have been headed back up with the national gas price July 25 up to $3.68 a gallon. This price is also about a dollar up from what it was the same time last year.
According to a report in International Business Times, this is linked to the price of crude oil, which is almost back up to $100 a barrel. This has significant consequences for the U.S. economy with every $1 per barrel rise in oil decreasing U.S. GDP by about $100 billion per year. Also, every 1 cent increase in the cost of gas at the pump is reported to decreases U.S. consumer disposable income by about $600 million a year.
The following are the lowest gas prices in July 25 as per Gasbuddy.com.
C, 3340 Langley Rd & US 78, - $3.67
, 700 US 78 & Langley Road, - $3.67
, 4231 Atlanta Hwy near Logan Dr. - $3.68
The following are the lowest gas prices in July 25 as per Gasbuddy.com
, 2693 GA-20 & Cooper Rd - $3.73
, 2705 Loganville Hwy & Cooper Rd