Georgia gas prices are dipping. Here’s why

1 min read
Woman in yellow shirt while filling up her car with gasoline
Photo by Andrea Piacquadio on Pexels

The Gist: Gas prices in Georgia have dropped compared to last week, with the average price for regular unleaded gasoline now at $3.34 per gallon, according to AAA.

The state average is 5 cents less than a week ago and 10 cents more than this time last year.

By The Numbers: The cost to fill a 15-gallon tank of regular gasoline is now $50.10, an increase of almost $2.00 compared to last year.

The national average for a gallon of regular gasoline has decreased by 3 cents to $3.47.

More Information: According to Montrae Waiters, AAA-The Auto Club Group spokeswoman, despite rising gas demand and oil prices across the US, the growth in total supply has helped limit pump price increases.

The Energy Information Administration reports that gas demand rose last week, while total domestic gasoline stocks increased. The recent interest rate increase by the US Federal Reserve and the possibility of more increases has led the market to believe that oil demand could be less than expected this year, pulling prices down.