AAA: Georgia Gas Prices Drop Another 5 Cents

AAA: GEORGIA GAS PRICES DROP ANOTHER 5 CENTS

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ATLANTA, Ga., (June 17, 2019) — Georgia gas prices continue to decline. Georgia motorists are now paying an average price of $2.47 per gallon for regular unleaded. Monday’s state average is 5 cents less than a week ago, 19 cents less than this time last month, and 33 cents less than this time last year.

It now costs $37.05 to fill a 15-gallon tank of gasoline. That is $5.55 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.

“Increased stocks of gasoline continue to push pump prices lower, according to new data from the Energy Information Administration (EIA),” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “As the summer driving season gets underway, increased gas stocks will help to supply high demand and keep prices low.”

Crude Oil

At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate (WTI) increased by 23 cents to settle at $52.51. Crude prices have increased over the past two days as a result of heightened market fears due to rising tensions in the Middle East. Yesterday, it was reported that two tankers (one carried menthol and the other carried crude oil) in the Gulf of Oman were attacked. Approximately 20% of global crude supplies flow through the waterway. The Trump Administration attributed the attack to Iran, with Iran denying the accusation. If tension between the U.S. and Iran escalates, the market will likely continue pushing global crude prices higher due to increased fears that more tankers could be targeted.

Regional Prices

• Georgia most expensive metro markets –Hinesville- Fort Stewart ($2.53), Macon ($2.52), Atlanta ($2.51), and Savannah ($2.49).
• Georgia least expensive metro markets – Catoosa-Dade- Walker ($2.26), Albany ($2.31), and Columbus ($2.33).

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	2018 High	Record High
National	$2.68	$2.69	$2.75	$2.86	$2.89	$2.97 (5/26/2018)	$4.11   (7/17/2008)
Georgia	$2.47	$2.47	$2.52	$2.66	$2.80	$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.