21 September 2020

NEWS RELEASE

MEDIA CONTACT:
Montrae Waiters, AAA spokeswoman, The Auto Club Group
Cell (813) 244-0815 
MWaiters@acg.aaa.com

GEORGIA
AVERAGE PRICE PER GALLON
$1.99 (-.03¢)

 

AAA: GEORGIA PUMP PRICES DROP 3 CENTS

ATLANTA, GA., (September 21, 2020) — Georgia gas prices  decreased at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.99 per gallon for regular unleaded gasoline. Monday’s state average is 3 cents less than a week ago, 1 cent more than last month, and 60 cents less than this time last year.

“Georgians continue to see cost savings at the pump,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Lower demand has aided gas prices to decline, which will likely last into fall.”

It now costs motorists $29.85 to fill a 15-gallon tank of gasoline; that is $11.25 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

LOW GAS DEMAND CONTRIBUTES TO DECREASE IN NATIONAL AVERAGE

Since last Monday, the national average for a gallon of regular gasoline has decreased by 1 cent to $2.18. In the new weekly report from the Energy Information Administration (EIA), gas demand saw a slight uptick from 8.39 million barrels a day to 8.48 million barrels a day. However, demand is still 461,000 barrels a day lower than where it was at this time last year. Low demand will likely help pump prices to continue their descent as fall approaches. 

At the close of last Thursday’s formal trading session, WTI decreased by 86 cents to settle at $41.02. Domestic crude prices decreased after EIA’s weekly report revealed that total domestic crude inventories decreased by 4.4 million barrels last week to 496 million barrels. Decreasing stocks could signal that supply and demand are beginning to rebalance, even as crude production grew by 900,000 barrels a day last week to 10.9 million barrels a day. Crude prices may continue to increase if supplies grow tighter, but demand challenges could contain potential growth in prices. 

REGIONAL PRICES

Atlanta ($1.99)

  • Most expensive Georgia metro markets – Savannah ($2.08), Brunswick ($2.07) and Hinesville-Fort Stewart ($2.04).
  • Least expensive Georgia metro markets – Columbus ($1.90), Catoosa-Dade-Walker ($1.91) and Gainesville ($1.94).

 

 CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline) 

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2019 Low

2019 High

Record High

National

$2.18 

$2.18 

$2.19  

 $2.18

$2.66 

$2.23 (January)

$2.90 (May)

$4.11   (7/17/2008)

Georgia

 $1.99 

$1.99  

$2.02 

$1.98 

 $2.59 

$2.04 (January)

$2.74 (April)

$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 to130, 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.