How low will gasoline prices go? In Augusta, the average price for a regular gallon on Monday was down 7 cents from a week earlier. At $3.13, the Augusta price is far below the Georgia average of $3.30 and the $3.54 national average, according to AAA.
According to gasbuddy.com, Costco on Alexander Drive and Sam’s Club on Bobby Jones Expressway were selling gas for $2.98 a gallon at midday Monday. Several retailers in North Augusta were also advertising prices below $3.
South Carolina prices currently average $3.12, down from $3.44 a month ago. The Georgia average is about 28 cents below the price one year ago and 24 cents below the price one month ago.
The European debt crisis and slow economic growth in China and the United States are keeping oil prices below $85 a barrel, AAA spokeswoman Jessica Brady said in a news release. Slow economic growth created concern that fuel demand will continue to drop in the coming months.