Georgia Gas Prices Continue to Go Down: Here’s Why

June 24, 2024
1 min read

Gas prices in Georgia have continued to decline, providing some relief to drivers at the pump. The average price for regular unleaded gasoline in Georgia has dropped to $3.26 per gallon, marking a 2-cent decrease from the previous week, a 12-cent decrease from last month, and a 3-cent decrease from this time last year. On average, it now costs $48.90 to fill a 15-gallon tank, which is approximately $2.00 less than a month ago.

“Slack demand, rising supply, and low crude oil prices continue to chip away at gas prices,” said Montrae Waiters, AAA spokeswoman. “If gas demand remains weak, drivers will likely continue to see pump prices trickle downward this week.”

National and Regional Comparisons

Nationally, the average price for a gallon of regular gasoline has remained steady at $3.44 since last Monday. Despite the national stability, regional variations within Georgia show significant differences in gas prices. The most expensive metro areas in Georgia are Savannah at $3.37 per gallon, Atlanta at $3.28 per gallon, and Brunswick at $3.27 per gallon. On the other hand, the least expensive metro areas are Rome at $3.15 per gallon, Dalton at $3.12 per gallon, and the Catoosa-Dade-Walker area at $3.04 per gallon.

Current and Historical Price Data

Here’s a comparison of current and past price averages for regular unleaded gasoline:

SundaySaturdayWeek AgoMonth AgoOne Year AgoRecord High
National$3.44$3.45$3.44$3.61$3.58$5.01 (6/14/2022)
Georgia$3.26$3.26$3.28$3.38$3.29$4.49 (6/15/2022)

Outlook

As the summer progresses, the ongoing dynamics of supply, demand, and crude oil prices will continue to influence gas prices. For now, Georgians can enjoy the benefits of lower fuel costs while hoping the trend persists.

About Gas Prices: Gas prices can change a frequently, and there are many reasons why. It isn’t as simple as most people think. 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.


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