AAA: Georgia Pump Prices Rise 7 Cents

NEWS RELEASE

ATLANTA, GA., — Georgia gas prices are up this week compared to a week ago. Georgia motorists are now paying an average price of $2.67 per gallon for regular unleaded gasoline. Monday’s state average is 7 cents more than a week ago, 19 cents more than this time last month, and 5 cents less than this time last year.

It now costs $40.05 to fill a 15-gallon tank of gasoline. That is $2.55 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.

“Georgia gas prices continue upward trend,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “If stocks continue to decrease as demand remains robust, pump prices will likely continue to rise throughout the week.”

Gas Stocks Tighten As Demand Climbs, Pushing Pump Prices Up

Growing demand and shrinking gas stocks are contributing to pump price increases seen since the Fourth of July, according to new data released by the Energy Information Administration (EIA). For the week ending on July 5, EIA’s data revealed that total domestic stocks fell by 1.4 million bbl to 229.2 million bbl. The current level is 10 million bbl lower than where it was at this point in 2018. Demand grew to 9.8 million bbl from the previous week’s 9.5 million bbl, which is in line with the rate in early July 2018.

Regional Prices

  • Georgia most expensive metro markets –Atlanta ($2.74), Gainesville ($2.69), Hinesville- Fort Stewart ($2.64), and Macon ($2.63).
  • Georgia least expensive metro markets – Warner Robbins ($2.54), Catoosa-Dade-Walker ($2.52) and Columbus ($2.50).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.78 $2.78 $2.75 $2.70 $2.87 $2.97 (5/26/2018) $4.11   (7/17/2008)
Georgia $2.67 $2.67 $2.60 $2.48 $2.72 $2.84 (5/27/2018) $4.16   (9/15/2008)
Click here to view current gasoline price averages

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

(SOURCE: AAA)

Categories: Georgia News