AAA: January Gas Prices Lowest in Three Years




JANUARY GAS PRICES WERE LOWEST IN THREE YEARS

ATLANTA, Ga., (February 04, 2019) — Gas prices in Georgia slipped 2 cents during the past week. Drivers in Georgia are finding an average price of $2.14 per gallon. Although that’s 7 cents more than a month ago, Sunday’s state average remains 35 cents per gallon less than this time last year.

Georgia drivers enjoyed the cheapest January at the pump in three years. Last month, Georgia gas prices averaged $2.10 per gallon. That’s 32 cents per gallon less than January 2018, and 13 cents per gallon less than January 2017.

Click here to view AAA’s state and metro gas price averages

  • Most expensive gas price averages: Atlanta ($2.18), Hinesville-Fort Stewart ($2.18), Savannah ($2.16)
  • Least expensive gas price averages: Catoosa-Dade-Walker ($2.02), Warner Robins ($2.05), Augusta-Aiken ($2.07)

“Motorists have benefited from strong global crude oil supplies, which have kept gas prices low so far this year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Last month, oil prices averaged about $10 less than in January 2018. However, oil prices are beginning to rise, as OPEC cuts and sanctions against Venezuela weigh on the market. These factors, in addition to rising demand, refinery maintenance season and the switch to summer-blend gasoline will eventually boost prices at the pump in the coming months. AAA still expects the national average to peak around $2.75 per gallon sometime before Memorial Day weekend.”

The price of crude settled at $55.26 per barrel on the NYMEX last Friday. The daily settlement was nearly $2/b more than the week before.

Gas Price Tools

                                                                   CURRENT AND PAST PRICE AVERAGES

                                                                                     Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.257 $2.259 $2.264 $2.249 $2.603 $2.97 (5/26/2018) $4.11   (7/17/2008)
Florida $2.284 $2.288 $2.226 $2.145 $2.610 $2.92 (5/25/2018) $4.08   (7/17/2008)
Georgia $2.142 $2.146 $2.168 $2.070 $2.490 $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 9.8 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 59 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.




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