Georgia Gas Prices Edge Higher: A Closer Look at Current Trends

February 12, 2024
1 min read
Woman in yellow shirt while filling up her car with gasoline
Photo by Andrea Piacquadio on Pexels

Georgia drivers are experiencing a slight uptick in gas prices, with the average price for a gallon of regular unleaded gasoline now at $3.03, marking a modest rise of 1 cent from last week and 8 cents from last month.

But it isn’t all bad news for drivers. The current price is notably 23 cents lower than the same period last year, according to AAA. The cost for filling a 15-gallon tank has now reached an average of $48.90, which is almost $4.00 less than what Georgians paid a year ago.

Montrae Waiters, a spokeswoman for AAA, attributed the gradual increase in gas prices across the state to a slight rise in gas demand and fluctuating oil prices.

Nationwide, the average price for regular gasoline has risen by 4 cents to $3.18, influenced by seasonal demand trends, the higher cost of oil, and ongoing refinery maintenance.

The Energy Information Administration reported an increase in gas demand from 8.14 to 8.81 million barrels per day last week, coupled with a decrease in total domestic gasoline stocks by 3.1 million barrels, leading to tighter supply and contributing to the rising pump prices.

In Georgia, the most expensive metro areas for gas include Savannah at $3.15, Brunswick at $3.14, and Hinesville-Fort Stewart at $3.10, while the least expensive markets are Dalton at $2.94, Warner Robins at $2.92, and Catoosa-Dade-Walker at $2.88.

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.

Events Calendar

Georgia Newswire