Georgia Gas Prices Spike 13 Cents Per Gallon

February 19, 2024
1 min read
Georgia Gas Prices Spike 13 Cents Per Gallon

๐Ÿš— The Gist: Georgia drivers are facing steeper gas prices, with the state average for regular unleaded gasoline hitting $3.16 per gallon, marking a significant increase from both last week and last month.

๐Ÿ“Š The Details: The current average cost of $3.16 per gallon represents a 13-cent jump from the previous week, 19 cents more than a month ago, yet 6 cents less than the same period last year. Filling a 15-gallon tank now costs about $47.40, which is nearly $1.00 less than last yearโ€™s expense.

A shutdown at the BP-Whiting refinery in Indiana, affecting 435,000 barrels of crude per day, along with fluctuating oil prices and tight gas supply, are driving up costs despite a decrease in gas demand.

By The Numbers:

  • Current Georgia gas price average: $3.16/gallon
  • Increase over the last week: +13 cents
  • Decrease from last year: -6 cents
  • National average: $3.27/gallon

๐ŸŒ The Big Picture: The national average has risen by 9 cents to $3.27, influenced by refinery shutdowns and changing crude oil prices. Georgiaโ€™s increase is part of a wider trend affected by international events and domestic supply issues.

๐Ÿ” Why It Matters: Rising fuel costs impact daily commuting, travel expenses, and overall cost of living for Georgians. With unpredictable future prices, budgeting becomes more challenging for residents.

๐Ÿ’ก What You Can Do: AAA recommends shopping around for the best gas prices, considering payment methods to save money, enrolling in fuel savings programs, and adopting fuel-efficient driving habits.

๐Ÿ“… Whatโ€™s Next?: The situation remains uncertain with potential further increases. Monitoring refinery operations and crude oil market trends will be crucial in predicting future price movements.

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