22 February 2021

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
$2.51 (+.18¢)

 

AAA: Georgia Pump Prices Jump 18 Cents

GA Gas 22.jpg

ATLANTA, GA., (February 22, 2021) — Georgia gas prices  increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.51 per gallon for regular unleaded gasoline. Monday’s state average is 18 cents more than a week ago, 27 cents more than last month, and 21 cents more than this time last year.

It now costs motorists $37.65 to fill a 15-gallon tank of gasoline; that is 75 cents more than what motorists paid in January of 2020, when pump prices hit their peak of $2.46 per gallon.

“Abnormally cold temperatures over the last week along the Gulf Coast has contributed to raising gas prices,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “The situation is fluid and it is possible to see an increase in Georgia gas prices this coming week.”

WINTER WEATHER CRIPPLES GULF COAST REFINERIES, SENDING GAS PRICES HIGHER

Since last Monday, the national average for a gallon of regular gasoline has increased by 13 cents to $2.63. The jump in the national average is a direct result of all major Gulf Coast refineries being impacted by the recent winter storm, which has caused gas supplies to tighten and pump prices to increase. Until refineries resume normal operations, supply is expected to remain tight in impacted areas, especially with road conditions and power outages reducing fuel deliveries. Warmer weather is expected in the Gulf Coast in coming days, which will assist with getting refinery operations up and running again. Until then, the impact will result in most drivers seeing pump prices increasing another 5-15 cents through the weekend.

At the close of last Thursday’s formal trading session, WTI decreased by 62 cents to settle at $60.52. Although crude prices ended the day lower due to market concerns regarding demand, they have increased so far this week due to supply and delivery impacts from the winter storm. Additionally, the Energy Information Administration’s new weekly report revealed that total domestic crude inventories dropped by 7.3 million barrels last week, bringing the supply level to 461.8 million barrels. As crude inventories decline, crude prices are likely to continue increasing while pushing pump prices higher. 

REGIONAL PRICES

Atlanta ($2.54)

  • Most expensive Georgia metro markets – Hinesville-Fort Stewart ($2.56), Savannah ($2.54), and Gainesville ($2.52).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.43), Rome ($2.45), and Albany ($2.47). 

 

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)  

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020 Low

2020 High

Record High

National

$2.63 

$2.62 

$2.50

$2.39

$2.46 

$1.76 (April)

$2.59 (January)

$4.11   (7/17/2008)

Georgia

$2.51 

$2.48

$2.33

$2.24

$2.30

$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.