ATLANTA, Ga. — Georgia gas prices declined at the pump compared to a week ago. Georgia drivers are now paying an average of $2.64 per gallon for regular unleaded- 4 cents less than a week ago and 14 cents less than this time last year. Motorists are paying an average of $39.60 for a full 15-gallon tank of gasoline; a discount of $3.00 from when prices were their highest last May.
“The drop in gasoline prices could be a result of recent unpredictable weather in the Rockies and the Midwest,” said Montrae Waiters, spokesperson, AAA – The Auto Club Group. “However, with summer on the horizon, motorists should not be surprised if pump prices increase during the run-up to Memorial Day.”
Dramatic Drop in Gas Demand Pushes Pump Prices Down
The national average price for regular unleaded gasoline is $2.859 per gallon, which is two cents less than last week, two cents more than a month ago, and six cents less than a year ago. The Energy Information Administration’s latest demand reading for gasoline dropped to 9.1 million b/d, a level typically seen in the fall or winter. The drop is approximately 800,000 b/d lower than the previous week and 400,000 b/d lower than this time last year. In fact, a reading this low hasn’t been seen for early May since 2015.
- Most expensive metro markets – Atlanta ($2.69), Hinesville- Fort Stewart- Savannah ($2.67).
- Least expensive metro markets – Catoosa-Dade- Walker ($2.47).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2018 High||Record High|
|National||$2.85||$2.85||$2.86||$2.83||$2.92||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Georgia||$2.64||$2.64||$2.68||$2.68||$2.78||$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.
About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.