Georgians are paying less at the pump this week, with the average price for a gallon of regular unleaded gasoline down to $2.74. This marks a decrease of 23 cents compared to last week, 35 cents compared to last month, and 44 cents compared to last year. For a standard 15-gallon tank, drivers are now spending around $41.10 to fill up, which is $5.25 less than it cost a month ago.
The Details: According to Montrae Waiters, spokeswoman for AAA, despite potential disruptions from conflicts and storms, gas prices in Georgia have trended downward. She noted, “OPEC+ announced intentions to bolster production come December 1st, hopefully, with this move and crude oil prices trending downward, Georgians will continue to feel financial ease at the pumps.”
AAA suggests drivers take advantage of several money-saving strategies to make the most of the price dip.
National and Regional Price Comparisons: Nationally, the average price for a gallon of regular gasoline has decreased by 4 cents since last week, currently standing at $3.17. Though Hurricane Helene caused extensive damage and power outages, it hasn’t significantly affected gasoline supply. New data from the Energy Information Administration indicates that gas demand has decreased from 9.20 million barrels a day to 8.52 million, while gasoline stocks rose slightly.
So why did Georgia drop so much? Gov. Brian Kemp suspended the gas tax in Georgia due to Helene.
In Georgia, the lowest gas prices can be found in Rome ($2.65), Dalton ($2.56), and Catoosa-Dade-Walker ($2.53). The highest prices are reported in Savannah ($2.83), Valdosta ($2.80), and Hinesville-Fort Stewart ($2.79).
What’s Next: With OPEC+ planning to increase production in December and crude oil prices trending downwards, Georgians could see continued relief at the pump in the coming weeks. However, unpredictable factors, such as storm damage and global market shifts, could still impact prices. For now, AAA’s money-saving tips for drivers remain essential as Georgians take advantage of the current price decline.
⛽ 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.
