28 December 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
$2.08 (+.04¢)

 

AAA: GEORGIA PUMP PRICES SHIFT HIGHER

GA Dec 28.jpg

ATLANTA, GA., (December 28, 2020) — Georgia gas prices  increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.08 per gallon for regular unleaded gasoline. Monday’s state average is 4 cents more than a week ago, 12 cents more than last month, and 33 cents less than this time last year.

It now costs motorists $31.20 to fill a 15-gallon tank of gasoline; that is $9.90 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“Filling up is getting more expensive. On the week, nearly 20 states have gas price averages that increased at least three cents,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Despite low demand, pump prices are more expensive because crude oil has seen steady gains.”

OIL MARKETS DYNAMICS

Since Monday, the national average for a gallon of regular gasoline has increased by 3 cents to $2.21. The Energy Information Administration (EIA) measures weekly gasoline demand at 8 million barrels a day, up from the previous week, while gasoline stocks decreased about one million barrels down to 237.7 barrels. Typically, this combination would result in cheaper gas prices, but with crude oil pricing at the highest levels since February, that is not the case. Motorists can expect gas prices to rise in the coming week, but still be cheaper than the end of 2019.

At the close of Friday’s formal trading session, WTI increased by 11 cents to settle at $48.23. Crude prices increased last due to a weak dollar and rising market optimism that coronavirus vaccines will help crude oil demand recover in 2021. However, as coronavirus infection rates continue to climb and travel restrictions increase this week, crude price gains could be capped.

REGIONAL PRICES

  • Most expensive Georgia metro markets – Brunswick, ($2.17), Savannah ($2.13), and Atlanta ($2.09).
  • Least expensive Georgia metro markets – Rome ($1.99), Columbus ($2.02), and Warner Robins ($2.03). 

 

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline) 

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2019 Low

2019 High

Record High

National

$2.25 

$2.25 

$2.22 

$2.12 

$2.57 

$2.23 (January)

$2.90 (May)

$4.11   (7/17/2008)

Georgia

$2.08 

$2.08 

$2.04 

$1.96 

$2.41 

$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 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.

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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.