AAA: GEORGIA PUMP PRICES SEE A 5 CENTS DECLINE
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ATLANTA, Ga., (August 12, 2019) — Georgia gas prices continue to decline. Georgia motorists are now paying an average price of $2.52 per gallon for regular unleaded. Monday’s state average is 5 cents less than a week ago, 8 cent less than this time last month, and 23 cents less than this time last year.
It now costs $37.80 to fill a 15-gallon tank of gasoline. That is $4.80 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.
“Georgia pump prices are cheaper due to increasing stock levels,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Those savings are likely to increase as gas prices push less expensive moving through August.”
Pump Prices Continue Summer Decline
In its latest weekly report, the Energy Information Administration revealed that gasoline stocks grew by an astonishing 4.4 million bbl last week. Total domestic stocks now sit at 235.2 million bbl. Meanwhile, gas demand grew slightly from 9.55 million b/d to 9.65 million b/d. The increasing stock levels are contributing to pump price drops this week, even though demand remains strong. If total domestic stocks continue to outpace demand, American motorists will likely continue to see pump prices drop this summer.
- Georgia most expensive metro markets –Atlanta-Macon ($2.56), Hinesville-Fort Stewart ($2.54) and Savannah ($2.51).
- Georgia least expensive metro markets – Catoosa-Dade-Walker ($2.34), Dalton ($2.39) and Augusta-Aiken ($2.40).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2018 High||Record High|
|National||$2.65||$2.66||$2.71||$2.75||$2.86||$2.97 (5/26/2018)||$4.11 (7/17/2008)|
|Georgia||$2.52||$2.52||$2.57||$2.60||$2.75||$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.