01 March 2021

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NEWS RELEASE

MEDIA CONTACT:

Montrae Waiters, AAA spokeswoman, The Auto Club Group
Cell (813) 244-08158EF6C040 
Mwaiters@acg.aaa.com

GEORGIA
AVERAGE PRICE PER GALLON
$2.57 (+.06¢)

 

AAA: Georgia Pump Prices Continue to Rise

Gas March 1.jpg

ATLANTA, GA., (March 1, 2021) — Georgia gas prices  increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.57 per gallon for regular unleaded gasoline. Monday’s state average is 6 cents more than a week ago, 33 cents more than last month, and 29 cents more than this time last year.

It now costs motorists $38.55 to fill a 15-gallon tank of gasoline; that is $1.65 more than what motorists paid in January of 2020, when pump prices hit their peak of $2.46 per gallon.

“Because U.S. crude production was offline due to the Gulf Coast winter storm we can expect gas prices to be impacted,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Georgians should anticipate pump prices to rise this coming week.”

NATIONAL AVERAGE CLIMBS AS CRUDE PRICES INCREASE

Since last Monday, the national average for a gallon of regular gasoline has increased by 9 cents to $2.72. The national average continues to increase as crude prices march higher. Gas prices have also increased from longer-than-expected refinery outages due to last week’s winter storm that impacted the Gulf Coast. As refineries restart and resume normal operations, supply is expected to increase in impacted areas and should bring stability to pump prices.

At the close of last Thursday’s formal trading session, WTI increased by 31 cents to settle at $63.52 — the highest settlement price since May 2019. Crude prices have increased this week due to growing market optimism that as vaccines become more available, crude demand will recover. Prices continue to increase despite the Energy Information Administration’s new weekly report revealing that total domestic crude inventories increased by 1.3 million barrels last week, bringing the supply level to 463 million barrels. However, if market optimism continues to increase, crude prices will likely end the week higher.

REGIONAL PRICES

Atlanta ($2.57)

  • Most expensive Georgia metro markets – Savannah ($2.62), Brunswick ($2.61), and Valdosta ($2.58).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.51), Rome ($2.52), and Athens ($2.53). 

 

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)  

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Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020

Low

2020

High

Record High

National

$2.72 

$2.71 

$2.63

$2.41

$2.45 

$1.76 (April)

$2.59 (January)

$4.11   (7/17/2008)

Georgia

$2.57 

$2.56

$2.51

$2.24

$2.28

$1.61 (May)

$2.46 (January)

$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.

Visit the AAA Georgia Newsroom

Twitter @AAAGeorgia  

About AAA - The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.