AAA: COVID-19 Continues to Impact Georgia Pump Prices

NEWS RELEASE

ATLANTA, GA., (April 6, 2020) — Georgia gas prices  continue to decline at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.77 per gallon for regular unleaded gasoline. Monday’s state average is 8 cents less than a week ago, 46 cents less than last month, and 84 cents less than this time last year.

It now costs motorists $26.55 to fill a 15-gallon tank of gasoline; that is $14.55 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“AAA expects gas prices to keep dropping as cheap crude combines with the realities of people staying home and less demand for gas,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Today, motorists can find gas for $1.99 or less at 68% of gas stations in the country.”

Weekly Gas Demand Falls to Lowest Rate Since 1993

Since last Monday, the national average for a gallon of regular gasoline has decreased by 9 cents to $1.93. Today, 33 states have averages under $2 per gallon. Pump prices continue to decline around the country as oil prices have decreased significantly in response to the increasing public health, financial and economic impact of COVID-19. In its weekly report, the Energy Information Administration (EIA) released new data that showed gas demand decreased significantly last week — from 8.8 million barrels to 6.7 million barrels. According to EIA’s historical gas demand data, demand has not been this low since 1993. As more Americans practice social distancing, gas demand is likely to continue decreasing and push pump prices cheaper.

Regional Prices

Atlanta ($1.76)

  • Most expensive Georgia metro markets –Hinesville-Fort Stewart ($1.99), Brunswick ($1.93) and Albany ($1.87).
  • Least expensive Georgia metro markets – Dalton ($1.51), Rome ($1.58) and Warner-Robins ($1.69).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)      

Sunday Saturday Week Ago Month Ago One Year Ago 2019 Low 2019 High Record High
National $1.93  $1.94   $2.02 $2.40  $2.72  $2.23 (January) $2.90 (May) $4.11   (7/17/2008)
Georgia $1.77  $1.77    $1.85  $2.23  $2.61 $2.04 (January) $2.74 (April) $4.16   (9/15/2008)
Click here to view current gasoline price averages

(SOURCE: AAA)

Categories: Georgia News