By Atlanta Business Chronicle

The ongoing European debt crisis kept oil prices inching higher in Georgia and elsewhere in the past week, according to AAA Auto Club South.

Gasoline now averages $3.40 a gallon in Georgia, up from $3.34 the week before, $3.39 a month ago and $2.70 a year ago.

The national average price of unleaded regular gasoline is flat at $3.45 a gallon.

"Until a final plan is reached by European leaders, it looks as if the market will continue to use 'talks' of a plan to hold onto any optimism that Europe's debt issues are nearing an end," said Jessica Brady, AAA Auto Club spokeswoman, in a statement. "Although crude prices have increased, they are doing so in very small increments, meaning there really isn't enough positive news in the market to give oil prices a major boost. Retail gas prices continue to inch up as well although it looks like the rate of increase has started to slow. Prices are likely to continue their upward trend through the remainder of October until news is released on whether or not agreements were made and a final plan presented for Europe's bailout."

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