AAA: Gas Prices Continue to Rise




 GEORGIA MOTORISTS CONTINUE TO PAY HIGHER PRICES AT THE PUMP

The Georgia state average is up another 7 cents compared to last week

 

ATLANTA, Ga., (April 15, 2019) — Georgia gas prices are up this week compared to a week ago. Georgia drivers are now paying an average of $2.68 per gallon for regular unleaded- 7 cents more than a week ago and 28 cents more than this time last month. However, drivers are only paying 4 cent less than this same time last year.

Motorists are paying an average of $40.20 for a full 15-gallon tank of gasoline; a discount of $2.40 from when prices were their highest last May.

“Gas prices may continue to fluctuate over the next few weeks, but will likely follow an upward trend as demand rises and the switchover to summer blend gasoline, which is more costly to produce, becomes more widespread.” said Montrae Waiters, spokesperson, AAA – The Auto Club Group. “AAA forecasts the national average should peak at around $2.75 by Memorial Day weekend.”

Unexpected and planned continued maintenance and demand increases across the nation have also contributed to the uptick. New data from the Energy Information Administration (EIA) revealed that demand skyrocketed to 9.8 million b/d last week. The estimate is approximately 700,000 b/d more than the previous week and 550,000 b/d more than the first week of April in 2018. Many market analysts expect the estimate to be revised downward when EIA releases final demand figures for April later this year, but the high estimate likely signals that 2019 could bring the highest gasoline demand rates ever recorded by EIA — potentially as early as this summer.

Compared to last week, Metro Atlanta’s average daily gas price saw a slight increase. Metro Atlanta’s current average is $2.71 per gallon, about 1 cent more than last week’s average and about 29 cents less than this same time a month ago.

 

                                                         CURRENT AND PAST PRICE AVERAGES

                                                                                     Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.82 $2.83 $2.73 $2.52 $2.70 $2.97 (5/26/2018) $4.11   (7/17/2008)
Georgia $2.68 $2.67 $2.61 $2.40 $2.64 $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 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.




Be the first to comment

Leave a Reply

Your email address will not be published.


*