Georgia gas prices continue to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.33 per gallon for regular unleaded gasoline. Monday’s state average is 5 cents less than a week ago, 36 cents less than a month ago, and 35 cents more than this time last year.
It now costs $49.95 to fill a 15-gallon tank of regular gasoline. Drivers are now paying almost 6 dollars less to fill-up at the pump compared to a month ago.
“Crude oil prices continue to decline amid market concerns that crude demand will fall if economic growth slows or stalls due to a recession,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Lower crude prices, usually leads to cheaper gas prices. However, hurricane season is underway, and a hurricane has the potential to cause a disruption to oil and gas operations.”
National Average Continues to Decline as Economic Concerns Push Oil Prices Lower
Since last Monday, the national average for a gallon of regular gasoline has decreased by 7 cents to $3.78. According to data from the Energy Information Administration (EIA), gas demand increased slightly from 8.43 million barrels a day to 8.59 million barrels a day. However, the rate is nearly 1 million barrels a day lower than the last week of August 2021. Moreover, according to the EIA, total domestic gasoline stocks decreased by 1.1 million barrels to 214.5 million barrels. Although gasoline demand has increased and supply has tightened, lower oil prices have led to falling pump prices. If oil prices continue to decline, drivers will likely continue to see pump prices drop after Labor Day.
Most expensive Georgia metro markets – Savannah ($3.45), Brunswick ($3.39) and Atlanta ($3.38).
Least expensive Georgia metro markets – Gainesville ($3.17), Warner Robins ($3.14) and Dalton ($3.06).
Current and Past Price Averages (Regular Unleaded Gasoline)
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Money-Saving Tips for Drivers
- Shop around for gas prices. Drivers can check area gas prices on the AAA Mobile App.
- Consider paying in cash vs. credit card. Some retailers charge extra per gallon for customers who pay with a credit card.
- Enroll in fuel savings programs.
Fuel-Saving Tips for Drivers
- Maintain your vehicle to ensure optimal fuel economy. Find a trusted automotive facility at AAA.com/AutoRepair.
- Combine errands to limit driving time.
- Slow down. Fuel economy diminishes significantly at highway speeds above 50 mph.
- Drive conservatively and avoid aggressive driving. Aggressive acceleration and speeding reduce fuel economy.
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