Cherokee County’s average gas price was a little over $3 as of Monday, as gas prices nationwide and throughout Georgia increase due to rising oil prices.
The average gas price in Cherokee was $3.004, AAA Gas Prices reported Monday. By comparison, the average gas price in Georgia is $3.067, according to AAA, and nationally that number is $3.274 as of Monday.
According to GasBuddy price reports, the cheapest stations in Cherokee County are Costco, Sam’s Club, and Marathon in Woodstock at $2.84 per gallon.
The national average price of gasoline has risen 5.2 cents per gallon in the last week, according to GasBuddy. The national average is up 7.5 cents per gallon from a month ago, and stands a little more than $1.08 per gallon higher than a year ago. On Oct. 11 last year, the average price of gas nationally was $2.16 per gallon.
“Last week saw oil prices advance to their highest in seven years, with a barrel of West Texas Intermediate crude oil surpassing the critical $80 per barrel level,” Patrick De Haan, head of petroleum analysis for GasBuddy, said in a statement. “The nation’s gas prices were also pushed to their highest since 2014, all on OPEC’s decision not to raise production more than it already agreed to in July."
Haan said that OPEC’s (Organization of the Petroleum Exporting Countries) decision caused an immediate reaction in oil prices, and amidst what is turning into a global energy crunch, motorists are now spending over $400 million more on gasoline every single day than they were just a year ago.
“The problems continue to relate to a surge in demand as the global economy recovers, combined with deep cuts to production from early in the pandemic,” he said. “If Americans can’t slow their appetite for fuels, we’ve got no place for prices to go but up.”
For more information about AAA’s Gas Prices in Georgia report, visit gasprices.aaa.com/?state=GA.