gas

VALDOSTA — The price of gasoline slipped slightly in the past week, following state and national trends.

The lowest fuel price in Tifton Tuesday was $3.04 per gallon at a Tift Avenue North store, according to the price tracking website gasbuddy.com. That doesn’t include prices at shopping clubs, where only club members get the lowest prices.

The average price of a gallon of regular gasoline in the Azalea City Tuesday was $3.15, down a penny from a week earlier, according to the AAA Daily Fuel Gauge Report.

Valdosta had the sixth-highest average gas price Tuesday among the 15 Georgia markets monitored by AAA: beneath Savannah, Macon, Hinesville, Brunswick and Atlanta but above Warner Robins, Rome, Gainesville, Dalton, Columbus, Catoosa, Augusta, Athens and Albany.

Nationally, the average price of gasoline Tuesday was $3.75 per gallon, down four cents in seven days, while Georgia’s average of $3.16 per gallon was also down four cents in the same period, the auto club said.

“While the national average has barely budged, there are now about 13 states with some stations selling gas below $3 a gallon,” said Andrew Gross, AAA spokesperson. “More gas stations could follow, which may be a big help with road trip budgeting as Thanksgiving approaches.” 

In Tuesday’s market action, prices for crude oil and gold jumped as stock prices tumbled, an indication that traders were building bets for aftershocks from an escalation in the war in Ukraine. Markets then retraced some of their movements as the afternoon progressed.