Georgia gas prices continue to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.18 per gallon for regular unleaded gasoline.
Monday’s state average is 7 cents less than a week ago, 29 cents less than a month ago, and 21 cents more than this time last year.
It now costs $47.70 to fill a 15-gallon tank of regular gasoline. Drivers are now paying almost 5 dollars less to fill-up at the pump compared to a month ago.
“As the cost of living continues to increase across the United States, pump prices in Georgia are on the decline,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Less expensive crude oil prices customarily lead to cheaper gas prices. This trend has helped pump prices fall steadily for months. However, we have seen oil prices inching back up, which could impact the future of pump prices.”
Pump Price Decreases Ease as Oil Prices Rise
Since last Monday, the national average for a gallon of regular gasoline has decreased by 4 cents to $3.67 (subject to change overnight). According to data from the Energy Information Administration (EIA), gas demand decreased from 8.73 million barrels a day to 8.49 million barrels a day last week. Moreover, according to the EIA, total domestic gasoline stocks declined by 1.8 million barrels to 213 million barrels. Although gasoline demand has decreased, fluctuating oil prices have led to smaller pump price decreases. If oil prices continue to rise, the national average will likely reverse as pump prices increase.
Most expensive Georgia metro markets – Savannah ($3.29), Atlanta ($3.24) and Hinesville-Fort Stewart ($3.21).
Least expensive Georgia metro markets – Gainesville ($2.99), Dalton ($2.96) and Warner Robins ($2.95).
Current and Past Price Averages (Regular Unleaded Gasoline)
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