Why Did Gas Prices Skyrocket in Georgia?

October 21, 2024
1 min read
Georgians are experiencing a rise in gasoline prices, averaging $2.93 per gallon, which is 23 cents higher than last week but 9 cents lower than last year. The increase follows the expiration of a temporary gas tax suspension. Despite the hike, prices remain below the national average of $3.17 per gallon.

Georgians are paying more at the pump this week, with the average price of regular unleaded gasoline rising to $2.93 per gallon. This is 23 cents higher than last week, but still 9 cents lower than the average price at this time last year. For drivers filling a typical 15-gallon tank, that works out to about $43.95.

Just last week, Governor Brian Kemp’s temporary suspension of the state’s motor fuel tax expired, leading to the price hike.

“Due to the negative impacts of Hurricane Helene, Governor Kemp signed an Executive Order suspending the collection of motor fuel tax until October 16th. With the expiration of this gas tax reprieve, Georgians are now confronted with a renewed strain each time they refuel,” said Montrae Waiters, AAA spokeswoman. She noted that despite the increase, Georgia’s average gas prices remain 24 cents below the national average, providing some relief.

The Details:

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• Georgia’s current gas price average: $2.93 per gallon of regular unleaded.

• Average cost to fill a 15-gallon tank: $43.95.

• This week’s price is 23 cents higher than last week but 9 cents lower than a year ago.

• The national gas price average is $3.17 per gallon, down 3 cents from last week.

Regional Price Breakdown:

Most expensive markets in Georgia: Savannah ($3.05), Hinesville-Fort Stewart ($3.01), Brunswick ($3.00).

Least expensive markets: Augusta-Aiken ($2.88), Dalton ($2.87), Gainesville ($2.86).

Why It Matters: The expiration of Georgia’s gas tax suspension is having an immediate effect on the wallets of drivers, adding more strain during times of fluctuating gas prices. While the increase in Georgia may feel like a pinch for many, the state’s gas prices are still lower than the national average, providing some respite. However, with future weather events potentially affecting supply and demand, residents may need to brace for further changes at the pump.

How You Can Help: AAA recommends several strategies to help drivers save money on fuel:

Shop around for the best prices: Use tools like the Fuel Price Finder to compare gas prices in your area.

Consider paying with cash: Some gas stations charge extra for credit card purchases.

Enroll in fuel savings programs: Take advantage of rewards programs that offer discounts at the pump.

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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