AAA: Georgia Gas Prices Decline Slightly

AAA: GEORGIA PUMP PRICES SEE A SLIGHT DECLINE

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ATLANTA, Ga., (July 22, 2019) — Georgia gas prices decline at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.65 per gallon for regular unleaded gasoline. Monday’s state average is 2 cents less than a week ago, 2 cents more than this time last month, and 5 cents less than this time last year.

It now costs $39.75 to fill a 15-gallon tank of gasoline. That is $2.85 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.

“Georgia pump prices saw a slight decrease this week,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “The market price for crude and gasoline are major factors as well as local supply and demand.”

According to the Energy Information Administration’s (EIA) report for the week ending on July 12, total domestic stocks of gasoline grew by 3.6 million bbl to 232.8 million bbl. Demand for gas took a dramatic step back by from 9.8 million b/d to 9.2 million b/d, which is an atypical rate during the summer given that drivers usually take to the roads more during this season. For comparison, demand hit 9.7 million b/d during this time last. If demand remains low and supplies continue to grow, motorists will likely continue to see prices level out at the pump moving into next week.

Regional Prices

• Georgia most expensive metro markets –Atlanta ($2.71), Brunswick ($2.67), and Hinesville- Fort Stewart ($2.66).
• Georgia least expensive metro markets – Catoosa-Dade-Walker ($2.49), Columbus ($2.51) and Albany ($2.53).                                        

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)                                                                                     

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	2018 High	Record High
National	$2.77	$2.77	$2.78	$2.66	$2.84	$2.97 (5/26/2018)	$4.11   (7/17/2008)
Georgia	$2.65	$2.66	$2.67	$2.44	$2.70	$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.