Georgia Gas Prices Continue Decline




ATLANTA, Ga., (August 19, 2019) — Georgia gas prices have steadily declined for the past two weeks. On Sunday, gas prices in Georgia averaged $2.46 per gallon for regular unleaded.

Monday’s state average is 6 cents less than a week ago, 21 cent less than this time last month, and 26 cents less than this time last year.

It now costs $36.90 to fill a 15-gallon tank of gasoline. That is $5.70 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.

“Gas prices have been trending lower for the past several weeks,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “If demand increases amid falling stock levels in the week ahead, Georgia motorists could see pump prices increase slightly ahead of Labor Day.”

Summer Price Drop Slows Down

Although pump prices have continued to fall this week, growing demand amid tightening stocks have helped to slow down the pace of the declines. New data from the Energy Information Administration (EIA) reveals demand for gasoline hit a new all-time high record at 9.93 million b/d for the week ending August 9. According to last week’s EIA the report, demand grew by nearly 300,000 b/d to hit the highest level recorded by EIA since it began recording the data in 1991. In comparison to last year at this time, the latest demand rate is approximately 400,000 b/d higher. The high demand level contributed to total domestic stocks falling by 1.4 million bbl to 233.8 million bbl.

Regional Prices

  • Most expensive Georgia metro markets –Atlanta-Macon ($2.51), Hinesville-Fort Stewart ($2.50) and Savannah ($2.47).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.27), Dalton ($2.30) and Augusta-Aiken ($2.33).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)    

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.62 $2.62 $5.65 $2.79 $2.84 $2.97 (5/26/2018) $4.11   (7/17/2008)
Georgia $2.46 $2.47 $2.52 $2.67 $2.72 $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.

 




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