The Gist: Georgia drivers are experiencing an increase in gas prices as they head out for Labor Day. The average price for regular unleaded gasoline in Georgia now stands at $3.60 per gallon.
What Happened?: The average gas price in Georgia has risen by 3 cents compared to last week, but is still 5 cents lower than a month ago. However, it is 26 cents higher than the same period last year. It now costs about $54 to fill a 15-gallon tank with regular gasoline. Despite the increase in prices, Georgia’s average gas price for this Labor Day is lower than what it was last year ($3.78 per gallon).
Montrae Waiters, the spokesperson for AAA-The Auto Club Group, stated that gasoline demand this summer failed to match previous years, with vacation travel not having as much impact on consumption as expected.
By The Numbers:
- Georgia drivers are currently paying an average price of $3.60 per gallon for regular unleaded gasoline.
- This price is 3 cents higher than the previous week’s average, 5 cents lower than the average a month ago, and 26 cents higher than the same period last year.
- Filling a 15-gallon tank now costs approximately $54.00.
- Compared to last year, Georgians are paying nearly $4.00 more to fill up their tanks.
Why It Matters: The increase in gas prices during the Labor Day weekend may impact travel plans for Georgians, as they now have to budget for higher fuel costs. Despite the lower price compared to last year’s Labor Day, filling up at the pump remains more expensive than it was a year ago.
About Gas Prices: Gas prices can change a frequently, and there are many reasons why. The biggest reason is the cost of crude oil, which can go up or down based on both world events and how much people want it. There are also costs to make the oil into gas and get it to gas stations. Different locations have different types of gas, and that can also change the price. Taxes also add to the cost. Sometimes, bad weather or problems at oil refineries can make prices go up or down quickly. Also, if the U.S. dollar is strong or weak, that can affect the price. All these things together give us the final price we see when we fill up our tanks.