AAA: Georgia’s Gas Price Continue to Decline
AVERAGE PRICE PER GALLON
$2.43 (- 2¢)
AAA: GEORGIA’S GAS PRICE CONTINUE TO DECLINE
ATLANTA, Ga., (October 21, 2019) — Georgia gas prices drop another 2 cents at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.43 per gallon for regular unleaded. Monday’s state average is 2 cents less than a week ago, 16 cents less than this time last month, and 32 cents less than this time last year.
It now costs $36.45 to fill a 15-gallon tank of gasoline. That is $6.15 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.
"Peak refinery maintenance season has caused volatility across the country,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Georgia saw gas prices decrease, while nearly half of all states saw gas prices increase by a half-percent or more. Motorists can expect fluctuations at the pump likely through the end of the month due to ongoing maintenance and tighter gasoline supply.”
Oil market dynamics
Crude prices fell last week after EIA’s report revealed that total domestic crude inventories grew significantly - by 9.3 million bbl – to total 434 million bbl. Increased domestic production, which hit 12.6 million b/d last week, has helped to push crude stocks up. When compared to last year’s rate at this time, crude production is up by 1.7 million b/d this year. Additionally, trade tensions between China and the U.S. continue to worry the market, putting downward pressure on prices. Motorists are likely to see some fluctuation in gas prices in the week ahead, especially as refineries in the region undergo maintenance.
- Most expensive Georgia metro markets –Atlanta ($2.47), Hinesville-Fort Stewart-Savannah ($2.46), and Gainesville ($2.44).
- Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.30), Rome ($2.31) and Dalton ($2.34).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2018 High||Record High|
|National||$2.64||$2.65||$2.63||$2.66||$2.85||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Georgia||$2.43||$2.43||$2.45||$2.59||$2.75||$2.84 (5/27/2018)||$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.
About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.