Georgia drivers are paying slightly more at the pump this week, though prices remain lower than last year.
What’s Happening: Gas prices in Georgia climbed to $2.80 per gallon for regular unleaded, up 2 cents from last week.
What’s Important: Filling up a 15-gallon tank now costs about $42. That’s nearly $2 less than drivers paid this time last year. Prices are also 9 cents lower than last month.
🔑 Key Term- Average: The “average” is a value that represents the middle point of a group of gas prices, indicating what is typical for those prices overall. However, the price you see at your local gas station may not be exactly the average due to factors such as location, competition, or recent changes in supply and demand. Different stations may set their prices based on local market conditions, taxes, and operating costs, leading to variations from the average price in the area. This means that while the average gives a general idea of what gas costs, individual prices can be higher or lower depending on these specific factors.
Between the Lines: Small price changes show how quickly the fuel market responds to shifts in oil supply and seasonal demand, according to AAA spokeswoman Montrae Waiters. These minor ups and downs are normal heading into the holiday season.
The Big Picture: Nationwide, gas prices went up nearly 5 cents to $3.07 per gallon. Refinery maintenance in California pushed prices higher when production paused. Gas demand dropped slightly last week from 8.92 million barrels a day to 8.87 million, according to the Energy Information Administration. Total domestic gas supply also fell from 210.7 million barrels to 206 million.
Around Georgia: Savannah has the state’s highest gas prices at $2.94 per gallon. Rome has the lowest at $2.69. Atlanta sits in the middle at $2.79.
The Sources: AAA.
B.T. Clark
B.T. Clark is an award-winning journalist and the Publisher of The Georgia Sun. He has 25 years of experience in journalism and served as Managing Editor of Neighbor Newspapers in metro Atlanta for 15 years and Digital Director at Times-Journal Inc. for 8 years. His work has appeared in several newspapers throughout the state including Neighbor Newspapers, The Cherokee Tribune and The Marietta Daily Journal. He is a Georgia native and a fifth-generation Georgian.
