Gas prices fall in metro Savannah
Average retail gasoline prices in Savannah have fallen 2.9 cents a gallon in the past week to $3.30 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah. The national average has fallen 1.7 cents a gallon in the last week to $3.47, according to gasoline price website GasBuddy.com.
Prices Sunday were 12.0 cents a gallon lower than the same day one year ago and are 19.0 cents a gallon lower than a month ago. The national average has decreased 15.4 cents a gallon during the last month and stands 8.2 cents lower than a year ago.
“Gasoline prices continue to hold near the lowest levels of the summer,” said
GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “It’s relatively rare to see prices holding lower in the mid- to late summer, as hurricanes tend to weigh on prices and demand for gasoline is highest during the second half of the summer. However, oil prices rallied in mid-June, altering the behavior of gasoline prices, and after the situation in Iraq cooled, it let to a widespread selloff in commodities that led to cheaper oil prices and refineries passed the savings onto motorists.”
Home prices in Savannah increase
CoreLogic, a property information provider, has released its June Home Price Index report indicating home prices in Savannah, including distressed sales, increased by 8.3 percent in June 2014 compared to June 2013.
On a month-over-month basis, home prices, including distressed sales, increased by 1.0 percent in June 2014 compared to May 2014.
Excluding distressed sales, year-over-year prices increased by 4.2 percent in June 2014 compared to June 2013. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices increased by 0.8 percent in June 2014 compared to May 2014.
Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 compared to June 2013. This change represents 28 months of consecutive year-over-year increases in home prices nationally.
NAWIC announces networking social
Coastal Georgia National Association of Women in Construction (NAWIC) is inviting men and women to a networking social from 5:30 to 7:30 p.m. Aug. 27 at the Bonna Bella Waterfront Grille & Yacht Club, 2740 Livingston Ave.
The networking social will allow attendees to meet current chapter members as well as network with other guests from a variety of construction-related companies.
The fee is $20 for NAWIC members, $30 for guests.
RSVP to Marilyn Blome at mblome@nielsonbonds.com.