10 May 2021

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NEWS RELEASE

MEDIA CONTACT:

Montrae Waiters, AAA spokeswoman, The Auto Club Group
Cell (813) 244-0815232DD333558DD153F70ECC48975E43F9CA29BCD782A8EF92A837009FFC8BC743E745B0AD8EF6C040 
Mwaiters@acg.aaa.com

GEORGIA
AVERAGE PRICE PER GALLON
$2.76 

 

GEORGIA PUMP PRICES RISE ACROSS THE STATE

 

ATLANTA, GA., (May 10, 2021) — Georgia gas prices  increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.76 per gallon for regular unleaded gasoline. Monday’s state average is 6 cents more than a week ago, 6 cents more than last month, and $1.13 more than this time last year.

It now costs motorists $41.40 to fill a 15-gallon tank of gasoline; that is $4.50 more than what motorists paid in January of 2020, when pump prices hit their peak of $2.46 per gallon.

“While April saw minimal fluctuation, May is likely to see much larger increases alongside demand spikes, especially closer to Memorial Day weekend,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “AAA continues to monitor the Colonial Pipeline outage and what effect it may have on gas prices. At this time it’s just too early to know if it will cause pump prices to increase."

NATIONAL AVERAGE JUMPS AS SPRING DRIVING SEASON BLOOMS

Since last Monday, the national average for a gallon of regular gasoline has increased by 6 cents to $2.96.  According to data from the Energy Information Administration (EIA), total domestic refinery utilization increased to 86.5 percent last week amid a slight drop in demand from 8.88 million barrels a day to 8.86 million barrels a day. American drivers should expect continued price fluctuations at the pump in the lead up to Memorial Day Weekend.

OIL MARKET DYNAMICS

At the close of last week’s formal trading session, WTI decreased by 92 cents to settle at $64.71. Crude prices have increased this week, but continuing market concern that crude demand will stumble due to surging coronavirus infection rates around the globe have limited price gains. Additionally, prices increased after EIA’s weekly report revealed that total domestic crude oil inventory dropped by 8 million barrels to 485.1 million barrels. If total supply decreases again next week, crude prices could climb alongside pump prices.   

REGIONAL PRICES

Atlanta ($2.75)

  • Most expensive Georgia metro markets – Brunswick ($2.83), Hinesville-Fort Stewart ($2.82), and Valdosta ($2.77).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.67), Rome ($2.70), and Gainesville ($2.71).  

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

$2.96 

$2.96 

$2.90

$2.86

$1.83 

$1.76 (April)

$2.59 (January)

$4.11   (7/17/2008)

Georgia

$2.76 

$2.75

$2.70

$2.70

$1.63

$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.