In the last month, gas prices in Georgia have gone up 20 cents. In
the last three years, prices at the pump have steadily risen an extra $2 a
However, the roller coaster ride started in July 2008 when people
were paying a little over $4 for a gallon of gas.
Then, the great recession began and prices hit an average low of
$1.48 in January 2009.
Compared to that price, if you fill up your 12 gallon tank once a
week, you are paying an extra 1,248%.
Who is to blame for these prices? Oil companies love to talk
about Israel and Iran while some blame the President. But, the facts are Exxon Mobile's
profits were up about 50% over the previous year. Profits in 2010 were $19
billion and $30 Billion in 2011. So, part of the blame could go to
federal regulators who, 13 years ago, let #1 Exxon and #2 Mobile merge.
But, if you think gas is expensive here, we've actually got it
good compared to many other companies.
Canada's average is a dollar more than the U.S. Italians pay
nearly $6.00. The big differences are steep fuel prices.
On the other end, in oil-rich Saudi Arabia, motorists pay $0.90
per gallon. The lowest price of a gallon in the world is $0.12 in
Friday, July 25 2014 10:38 AM EDT2014-07-25 14:38:42 GMT
Two teenagers accused of torturing a 16-year-old boy inside a shed were sentenced to prison Thursday. Jenna Montgomery and Jess Taylor both pleaded guilty to kidnapping, robbery and assault charges. MontgomeryMore >
Two teenagers accused of torturing a 16-year-old boy inside a shed were sentenced to prison Thursday.More >
Thursday, July 31 2014 9:55 AM EDT2014-07-31 13:55:20 GMT
It's been nearly a week since Jennifer Huston, 38, of Dundee vanished after running errands in Newberg Thursday evening, and ever since she disappeared the search for her has been growing.More >
It's been nearly a week since Jennifer Huston, 38, of Dundee vanished after running errands in Newberg Thursday evening, and ever since, the search for her has been growing to include more people and more methods of searching - including a drone.More >
Tuesday, July 29 2014 6:53 PM EDT2014-07-29 22:53:48 GMT
Brace yourself, Seaside. It's about to get smelly. Millions of dead anchovies washed ashore along the Necanicum River in downtown Seaside on Monday. The anchovies entered the river en masse from theMore >
Seaside, you're about to get smelly. Thousands of dead anchovies washed ashore along the Necanicum River.More >
Thursday, July 31 2014 11:57 AM EDT2014-07-31 15:57:19 GMT
As the town of Dundee and countless different law enforcement agencies continue in their search for Jennifer Huston, a local PI is weighing in on the case with his own theories.More >
As the town of Dundee and countless different law enforcement agencies continue in their search for Jennifer Huston, a local PI is weighing in on the case with his own theories about what happened to the mother.More >