26 July 2021

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NEWS RELEASE

MEDIA CONTACT:

Montrae Waiters, AAA spokeswoman, The Auto Club Group
Cell (813) 244-0815FC6A49C774FF31D8F2CEAFE6232DD333558DD153F70ECC48975E43F9CA29BCD782A8EF92A837009FFC8BC743E745B0AD8EF6C040 
Mwaiters@acg.aaa.com

GEORGIA
AVERAGE PRICE PER GALLON
$2.96 (-.01¢)

 

GEORGIA PUMP PRICES LARGELY UNCHANGED

Gas July 26.jpg

 

ATLANTA, GA., (July 26, 2021) — Georgia gas prices  decreased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.96 per gallon for regular unleaded gasoline. Monday’s state average is 1 cent less than a week ago, 5 cents more than last month and 96 cents more than this time last year.

It now costs motorists $44.40 to fill a 15-gallon tank of gasoline; that is $7.50 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon.

“Motorists saw some positive change at the pump on the week with 31 states gas price averages declining one to five cents,” said Montrae Waiters, spokeswoman AAA-The Auto Club Group. “The national gas price average decreased as well. One factor contributing to the decline was U.S. gasoline demand remaining relatively flat on the week.”

NATIONAL GAS PRICE AVERAGE DIPS AS CRUDE OIL PRICES SEE DRAMATIC FLUCTUATION

Since last Monday, the national average for a gallon of regular gasoline has decreased by 2 cents to $3.15.

At this point, it is too early to say if cheaper pump prices will be sustained or continue their downward trend. Part of the unknown is due to fluctuating crude prices, which dropped to a low of $66 barrels last Monday, but were back over $70 barrels by the end of the week. Prices initially dropped following news from the Organization of the Petroleum Exporting Countries (OPEC) that they have reached a deal to increase production in August. However, that promise has been compromised by concerns about the rise in COVID case numbers and how that could negatively affect global demand. 

OIL MARKET DYNAMICS

At the close of Friday’s formal trading session, WTI increased by 16 cents to settle at $72.07. Although crude prices tumbled last week to $66 per barrel due to market concerns that the spread of the COVID-19 Delta variant will slow potential economic growth and demand, market concern about the ongoing pandemic reversed by the end of the week and pushed crude prices higher. Prices increased despite the Energy Information Administration reporting that total domestic crude inventories rose by 2.1 million barrels to 439.7 million barrels and plans by OPEC to increase production next month. For this week, crude prices could decline if market concerns about demand grow. 

REGIONAL PRICES

  • Most expensive Georgia metro markets – Savannah ($3.03), Hinesville-Fort Stewart ($3.02), and Atlanta ($2.99).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.84), Warner-Robins ($2.86), and Rome ($2.90).  

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)  

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Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020

Low

2020

High

Record High

National

$3.15

$3.15

$3.17

$3.09

$2.18

$1.76 (April)

$2.59 (January)

$4.11   (7/17/2008)

Georgia

$2.96

$2.96

$2.97

$2.91

$2.00

$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.

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 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.