14 June 2021

ATLANTA, Ga., (June 14, 2021) — Georgia gas prices  held steady at the pump compared to a week ago. Georgia motorists are paying an average price of $2.91 per gallon for regular unleaded gasoline. Monday’s state average is the same from a week ago, seven cents less than last month and $1.02 more than this time last year.

It costs Georgia motorists $43.65 to fill a 15-gallon tank of gasoline; that is $6.75 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon.

“While Georgians continue to see no change at the pump, the national average continues to increase,” said Garrett Townsend, AAA-The Auto Club Group Public Affairs Director. “As summer travel ramps up, American motorists can expect to see fluctuations through the end of the month as stock prices outperform demand.”

National Gas Price Average Increases as Summer Driving Season Starts

Since Monday, the national average for a gallon of regular gasoline has increased by two cents to $3.07. In its latest weekly report, new data from the Energy Information Administration (EIA) showed that gas demand dropped from 9.15 million barrels a day to 8.48 million barrels a day, while total domestic gas stocks increased by 7 million barrels to 241 million barrels. Typically, lower gas demand amid growing stocks would help push pump prices down, but the increasing price of crude has pushed prices up instead..

OIL MARKET DYNAMICS

At the close of last Thursday’s formal trading session, WTI increased by 33 cents to settle at $70.29. Crude prices crossed the $70 per barrel threshold on Tuesday, a point they had not seen since mid-October 2018. Crude prices have increased due to optimism that vaccine rollout will continue to help crude demand recover and after the U.S. Consumer Price Index showed that prices increased by 5% in May, compared to last year, a larger increase than expected. The new report is fanning market concerns that inflation is driving prices higher. Additionally, crude prices have been bolstered by EIA’s latest report revealing that total domestic crude supplies decreased by 5.2 million barrels to 474 million barrels last week.

If domestic crude prices remain high, American drivers will likely continue to see pump prices fluctuate through the end of the month.

REGIONAL PRICES

  • Most expensive Georgia metro markets – Atlanta ($2.94), Savannah ($2.93), and Brunswick ($2.92).
  • Least expensive Georgia metro markets – Warner Robins ($2.81), Catoosa-Dade-Walker ($2.82), and Columbus ($2.83).  

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)  

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020

Low

2020

High

Record High

National

$3.07

$3.07

$3.05

$3.02

$2.10

$1.76 (April)

$2.59 (January)

$4.11   (7/17/2008)

Georgia

$2.91

$2.91

$2.91

$2.98

$1.89

$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.

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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 62 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.