AAA: Georgia Gas Prices Drop 4 Cents (Jan 20)




AAA: GEORGIA PUMP PRICES DROP 4 CENTS

ATLANTA, Ga., (January 20, 2020) — Georgia gas prices continue to decline at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.40 per gallon for regular unleaded gasoline. Monday’s state average is 4 cents less than a week ago, 2 cents more than last month, and 30 cents more than this time last year.

It now costs $36.00 to fill a 15-gallon tank of gasoline; that is $5.10 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“A healthy and growing level of domestic gasoline stocks alongside decreasing demand are two factors helping to minimize gas price fluctuations,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “This is a welcome relief to Georgia motorists.”

Stock Growth and Low Demand Push National Average Down

The national average price for regular unleaded gasoline is $2.55 per gallon, which is 3 cents less than last week, and 31 cents more than a year ago. Last week, gas demand hit 8.56 million barrels, according to new data from the Energy Information Administration (EIA). The current rate of demand is in line with last year’s rate seen in mid-January, a time that typically brings lower demand due to winter weather. EIA’s data also revealed that total domestic stocks of gasoline grew by 6.7 million barrels last week, bringing the total to 258.3 million barrels. Growing stocks — amid lower demand — have helped ease pump prices, lowering the national average. The trend is likely to continue through the weekend.

Regional Prices:

Atlanta ($2.41)

  • Most expensive Georgia metro markets –Brunswick ($2.52), Savannah ($2.47), and Hinesville-Fort Stewart ($2.46).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.30), Rome ($2.31), and Dalton ($2.32).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)                                                   

Sunday Saturday Week Ago Month Ago One Year Ago 2019 Low 2019 High Record High
National $2.55 $2.55 $2.58 $2.55 $2.24 $2.23 (January) $2.90 (May) $4.11   (7/17/2008)
Georgia $2.40 $2.41 $2.44 $2.38 $2.10 $2.04 (January) $2.74 (April) $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.

Visit the AAA Georgia Newsroom

About AAA – 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, banking, financial services, and travel offerings to over 13.5 million members across 13 U.S. states, the province of Quebec and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Tennessee, Wisconsin, Puerto Rico, South Carolina 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 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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