AAA: Gas Prices Increase Ahead of Holiday Travel




GEORGIA PUMP PRICES INCREASED 2 CENTS

ATLANTA, Ga., (November 25, 2019) — Georgia gas prices increased slightly at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.43 per gallon for regular unleaded. Monday’s state average is 2 cents more than a week ago, 2 cents more than last month, and 3 cents more than this time last year.

It now costs $36.45 to fill a 15-gallon tank of gasoline. That is $6.15 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.

“Gas prices have been fluctuating as of late, but are currently cheaper than the national average at this time last year, giving Americans a little extra money to spend on travel and motivating millions to take road trips,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “For the majority of Americans, AAA expects gas prices to be fairly similar to last year’s Thanksgiving holiday, which averaged $2.57.”

Crude Oil

Crude oil prices have increased slightly this week due to reports that the Organization of the Petroleum Exporting Countries (OPEC) and its partners will likely decide to extend their production reduction agreement through the middle of 2020 at OPEC’s upcoming meeting in Vienna on December 5 and 6. Price gains were limited by continued market fear that the trade war between China and the U.S. – the world’s two largest crude consumers – will reduce crude demand moving into next year. In related news, the Energy Information Administration (EIA) weekly report showed that total domestic crude inventories increased by 1.4 million barrels last week, bringing the new total to 450.4 million barrels. The current level is 3.5 million barrels higher than last year’s level at this same time.

Regional Prices

  • Most expensive Georgia metro markets –Atlanta-Savannah ($2.48), Athens-Savannah ($2.45), and Gainesville ($2.44).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.29), Augusta-Aiken ($2.32) and Dalton ($2.33).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.59 $2.59 $2.60 $2.62 $2.56 $2.97 (5/26/2018) $4.11   (7/17/2008)
Georgia $2.43 $2.43 $2.41 $2.41 $2.40 $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 60 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.




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