AAA: Georgia Gas Prices Increase At The Pump

NEWS RELEASE

ATLANTA, Ga., (November 4, 2019) — Georgia gas prices  increased 3 cents at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.43 per gallon for regular unleaded. Monday’s state average is 3 cents more than a week ago, 9 cents less than this time last month, and 21 cents less than this time last year.

It now costs $36.45 to fill a 15-gallon tank of gasoline. That is $6.15 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.

“Last week, more than half of all states saw gas prices decrease,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Due to ongoing maintenance and tighter gasoline supply, motorists can expect fluctuations at the pump likely through the end of the week.”

Demand Climbs as National Average Increases Nominally

The national average price for regular unleaded gasoline is $2.61 per gallon, which is the same price as last week, 4 cents less than a month ago, and 17 cents less than a year ago. Domestic demand for gasoline climbed last week as stocks continue to decline, according to new data from the Energy Information Administration (EIA). EIA’s latest weekly report shows that demand for gasoline grew from 9.59 million barrels to 9.78 million barrels last week. This latest rate is approximately 520,000 barrels higher than last year’s rate at this time. Growing demand, amid tight gasoline supplies, has contributed to a nominal increase in the national average – one cent since Monday.

Regional Prices

  • Most expensive Georgia metro markets – Atlanta-Gainesville ($2.48), Athens ($2.45) and Savannah ($2.44).
  • Least expensive Georgia metro markets – Albany- ($2.31), Warner Robbins ($2.32) and Valdosta ($2.33).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.60 $2.61 $2.60 $2.66 $2.76 $2.97 (5/26/2018) $4.11   (7/17/2008)
Georgia $2.43 $2.43 $2.40 $2.52 $2.64 $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