Gas prices in Georgia went down slightly, but they’re still high

cropped view of woman holding fuel pump while refueling car with benzine

 Georgia gas prices  decreased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.91 per gallon for regular unleaded gasoline. Monday’s state average is 2 cents less than a week ago, 22 cents more than last month and $1.16 more than this time last year.

It now costs motorists $43.65 to fill a 15-gallon tank of gasoline; that is $6.75 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon. 

“Some holiday road trippers reported coming across a few gas stations with low fuel,” said Montrae Waiters, spokeswoman AAA-The Auto Club Group. “However, this did not prevent motorists from finding an available pump and filling up.”

NATIONAL AVERAGE STABILIZES AFTER RANSOMWARE ATTACK DISRUPTS GAS DISTRIBUTION

Since last Monday, the national average for a gallon of regular gasoline has increased by 1 cent to $3.04. According to data from the Energy Information Administration (EIA), gas demand increased from 9.22 million barrels a day to 9.58 million barrels a day last week. Higher demand will likely contribute to fluctuations in pump prices through the holiday weekend, particularly as AAA predicts 34 million Americans will travel by car – an increase of 53% from last year. Learn more here.

OIL MARKET DYNAMICS

At the close of last Thursday’s formal trading session, WTI increased by 64 cents to settle at $66.85. After EIA’s weekly report showed that total domestic crude inventories decreased by 1.7 million barrels to 484.3 million barrels, crude prices increased last week. However, price gains have been limited by market concerns that increasing coronavirus infections around the world could reduce crude consumption this year.

REGIONAL PRICES

  • Most expensive Georgia metro markets – Atlanta ($2.96), Athens ($2.93), and Gainesville ($2.92).
  • Least expensive Georgia metro markets – Warner Robins ($2.80), Albany ($2.81), and Brunswick ($2.83).  

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)  

vcsPRAsset_522440_105553_279a6033-181d-4f41-a971-72bcb183d553_0SundaySaturdayWeek AgoMonth AgoOne Year Ago2020Low2020HighRecord High
National$3.04$3.04$3.03$2.89$1.97$1.76 (April)$2.59 (January)$4.11   (7/17/2008)
Georgia$2.91$2.91$2.93$2.69$1.75$1.61 (May)$2.46 (January)$4.16   (9/15/2008)
Click here to view current gasoline price averages

GAS PRICE SURVEY METHODOLOGY

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

Leave a Reply

Related Posts