AAA: Georgia Pump Prices Continue to Rise

NEWS RELEASE

ATLANTA, GA., (May 18, 2020) — Georgia gas prices  increased slightly at the pump compared to a week ago.  Georgia motorists are now paying an average price of $1.66 per gallon for regular unleaded gasoline. Monday’s state average is 2 cents more than a week ago, 2 cents less than last month, and 99 cents less than this time last year.

It now costs motorists $24.90 to fill a 15-gallon tank of gasoline; that is $16.20 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“Pump prices are fluctuating throughout the country as demand increases and gasoline stocks decrease,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “The boost in demand continues to push pump prices up around the country, as more states re-open businesses.”

National Average

Since last Monday, the national average for a gallon of regular gasoline has increased by 4 cents to $1.88. Regardless of the national increase, 40 states still have averages of $2.00 or less per gallon. The Energy Information Administration’s (EIA) latest data report showed demand for gasoline increased by 800,000 barrels a day to 6.7 million barrels a day last week, which is 3.2 million barrels less than last year at this time. Gas demand is expected to continue to grow, leading pump prices to continue their increase.

Regional Prices

Atlanta ($1.65)

  • Most expensive Georgia metro markets –Hinesville-Fort Stewart ($1.76), Savannah ($1.74) and Augusta-Aiken ($1.68).
  • Least expensive Georgia metro markets – Athens ($1.55), Rome ($1.58) and Albany ($1.61).     

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)    

Sunday Saturday Week Ago Month Ago One Year Ago 2019 Low 2019 High Record High
National $1.88   $1.87  $1.84 $1.82   $2.85  $2.23 (January) $2.90 (May) $4.11   (7/17/2008)
Georgia $1.66    $1.66    $1.64  $1.68  $2.65 $2.04 (January) $2.74 (April) $4.16   (9/15/2008)
Click here to view current gasoline price averages

(SOURCE: AAA)

Categories: Georgia News