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
Sunday, May 19 2013 11:48 PM EDT2013-05-20 03:48:50 GMT
Two Columbia police cruisers collided Sunday morning while trying to stop a suspected drunk driver. Investigators say an alert citizen spotted a vehicle driving erratically and called police. The car wasMore >>
Two Columbia police cruisers collided Sunday morning while trying to stop a suspected drunk driver.More >>
Sunday, May 19 2013 11:33 PM EDT2013-05-20 03:33:11 GMT
Smyrna police are looking for a suspect wanted in connection with a drive-by shooting Sunday night. Police believe the confrontation started as a verbal argument on a basketball court near Mason TuckerMore >>
Smyrna police are looking for a suspect wanted in connection with a drive-by shooting Sunday night. More >>
Sunday, May 19 2013 12:18 PM EDT2013-05-19 16:18:10 GMT
A late night party got out of control and ended in gunfire. It happened around midnight Sunday morning at a home near the corner of Nolensville Road and Burkitt Road. Police say one shooting victim wentMore >>
A late night party got out of control and ended in gunfire.More >>
It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials...More >>
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million - the highest Powerball jackpot in history.More >>
Monday, May 20 2013 1:32 AM EDT2013-05-20 05:32:01 GMT
Music City Center opens its doors to the public on Sunday for the first day of a two-day grand opening celebration. The 1.2 million square foot building has been under construction since 2010. It costMore >>
Music City Center opened its doors to the public on Sunday for the first day of a two-day grand opening celebration.More >>