23 November 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
$1.95 (- .01¢)

 

AAA: MINIMAL PRICE CHANGES AT THE PUMP

 

GAS Nov 23.jpg

ATLANTA, GA., (November 23, 2020) — Georgia gas prices  decreased slightly at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.95 per gallon for regular unleaded gasoline. Monday’s state average is 1 cent less than a week ago, 4 cents less than last month, and 47 cents less than this time last year.

It now costs motorists $29.25 to fill a 15-gallon tank of gasoline; that is $11.85 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“Georgians who decide to hit the road for Thanksgiving will find cheaper gas prices,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “AAA advises these travelers to plan ahead and take precautions to be a responsible traveler.”

NATIONAL AVERAGE DIPS AS GAS DEMAND SLIDES DOWN

Since last Monday, the national average for a gallon of regular gasoline has decreased by 1 cent to $2.11. In the new weekly report from the Energy Information Administration (EIA), gas demand decreased from 8.76 million barrels a day (b/d) to 8.25 million b/d. The drop in demand, alongside an increase in total domestic stocks by 2.6 million barrels (bbl) to 228 million bbl, helped the national average to decrease this week. As demand remains low, pump prices are likely to remain low ahead of Thanksgiving.

OIL MARKETS DYNAMICS

At the close of last Thursday’s formal trading session, WTI decreased by 8 cents to settle at $41.74. Crude prices decreased due to rising coronavirus infection rates across the country. Earlier in the week, crude prices increased amid growing market optimism that a vaccine for the coronavirus will be available by the end of 2020. However, the current surge in the number of infections domestically has capped price gains while states increase measures meant to stop the spread of the virus. Additionally, the EIA’s weekly report revealed that total domestic crude inventories grew by 800,000 bbl to 489.5 million bbl last week.

REGIONAL PRICES

Atlanta ($1.95)

  • Most expensive Georgia metro markets – Savannah ($2.01), Brunswick ($2.00) and Valdosta ($1.96).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($1.83), Rome ($1.88) and Warner Robins ($1.89). 

 

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)  

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2019 Low

2019 High

Record High

National

$2.11 

$2.11

$2.12

$2.16

$2.59

$2.23 (January)

$2.90 (May)

$4.11   (7/17/2008)

Georgia

$1.95 

$1.95

$1.96

$1.99

$2.42

$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.