I’m only simplifying a little when I say that when we have recently seen the economy weaken and recession fears increase, gas prices have slipped. That’s a good thing in a weakening economy, but gas prices are still well above year ago levels.
Energy costs are currently a major drag on the Georgia economy: extreme rate increases by Georgia Power would have boosted residential rates about 10% even before the oppressively hot summer.
Here are the latest numbers for Savannah, Atlanta, and the US generally:
|Savannah Historical Gas Price Charts Provided by GasBuddy.com|