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Gas prices highest in four years

The most expensive prices are being seen in Atlanta, Brunswick and Athens.

Gas prices have increased 33 cents nationally since last April according to an AAA Gas Price Brief.

Georgia's gas prices have averaged $2.63 in April which is a 36 cent increase since last April.

The state average stands at its highest daily average since September 2017 and Sunday's average is seven cents more than last week, 16 cents more than a month ago and 47 cents more than last year.

The most expensive gas price averages in Georgia are in Atlanta ($2.76), Brunswick ($2.75) and Athens ($2.75.

The least expensive gas price averages were in Augusta-Aiken ($2.63), Warner Robins ($2.64) and Columbus($2.64).

"Although this was the most expensive April gas prices we've seen in years, fuel is still nearly a dollar less than what we paid in April 2014," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "The higher prices at the pump are mainly a result of a tightening oil market, which leaves us prone to price hikes based on geopolitical tensions and supply shortage concerns. Crude prices are about 33 percent more expensive than they were this time last year. Expensive oil means expensive gasoline."

The increase in prices happened after crude oil and gasoline supplies increased last week. Oil stocks rose 0.1 percent and gasoline climbed 0.4 percent but it would have been more significant for the U.S. had we not exported a record amount of fuel.

Crude oil exports surged to 2.3 million barrels per day which shattered the previous record of 2.175-million, according to the Energy Information Administration's latest supply data. The main recipients of U.S. fuel exports were Central and South America and firms in Europe and Asia.

Although the U.S. had oil production rates that were 14 percent better than last year, inventory levels are down 10 percent.

For daily national, state and metro gas price averages, check out GasPrices.AAA.com

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