05 October 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 (- .01¢)

 

AAA GEORGIA: SLIGHT PRICE CHANGES AT THE PUMP

Gas pump.jpg

 

ATLANTA, GA., (October 5, 2020) — Georgia gas prices  decreased slightly 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 1 cent less than a week ago, 5 cents less than last month, and 52 cents less than this time last year.

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.

“Georgia gas prices decreased minimally by one to two cents or saw no change at the pump,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “That is likely to continue into the fall season as motorists take fewer road trips, especially amid the pandemic.”

SMALL INCREASE IN DEMAND PUSHES NATIONAL AVERAGE UP

Since last Monday, the national average for a gallon of regular gasoline has held steady at $2.19. In the new weekly report from the Energy Information Administration (EIA), gas demand saw a slight uptick to 8.53 million barrels a day from 8.52 million barrels a day. The slight growth in demand, despite total domestic stocks growing by 700,000 barrels to 228.2 million barrels, has minimally edged the national average more expensive. However, as the nation settles into fall, demand will likely decline as drivers take fewer road trips.

CRUDE OIL

At the close of last Thursday’s formal trading session, WTI decreased by $1.50 to settle at $38.72. Crude prices fell due to market concern about increasing coronavirus infections worldwide, which could lower crude demand. The drop in prices occurred despite EIA’s weekly report revealing that total domestic crude inventories decreased by 2 million barrels last week to 492.4 million barrels. Crude prices may continue to decrease if demand challenges persist. 

REGIONAL PRICES

Atlanta ($2.00)

  • Most expensive Georgia metro markets – Brunswick ($2.09), Savannah ($2.08) and Hinesville-Fort Stewart ($2.04).
  • Least expensive Georgia metro markets – Columbus (1.89), Catoosa-Dade-Walker ($1.91) and Albany ($1.92). 

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline) 

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2019 Low

2019 High

Record High

National

$2.19 

$2.18 

$2.18 

$2.22 

$2.66 

$2.23 (January)

$2.90 (May)

$4.11   (7/17/2008)

Georgia

$1.99 

$2.00 

$2.00 

$2.04 

$2.51 

$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.

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.