AAA: Georgia Gas Prices Continue to Drop (Jan 27)




AAA: GEORGIA PUMP PRICES CONTINUE TO DROP

ATLANTA, Ga., (January 27, 2020) — Georgia gas prices declined at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.37 per gallon for regular unleaded gasoline. Monday’s state average is 3 cents less than a week ago, 1 cent less than last month, and 21 cents more than this time last year.

It now costs $35.55 to fill a 15-gallon tank of gasoline; that is $5.55 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“Increased stocks and low demand have helped to push the national gas average lower this week,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “As these trends continue, American motorists will likely continue to see pump prices decline through the week.”

National Average Declines as Gas Stocks Grow and Demand Remains Low

The national average price for regular unleaded gasoline is $2.52 per gallon, which is 3 cents less than last week, 3 cents less than a month ago, and 26 cents more than a year ago. In its latest weekly report, the Energy Information Administration (EIA) revealed that total domestic stocks of gasoline continue to grow. According to EIA’s data, stocks grew by 1.7 million barrels last week, bringing the current total to 260 million barrels. The current level is in line with the level seen in mid-January 2019. For gasoline demand, EIA estimates that it grew slightly from 8.56 million barrels per day (b\d) to 8.66 million b/d last week, but the current demand level is lower than last year’s 8.87 million b/d at this same time.

Regional Prices:

Atlanta ($2.36)

  • Most expensive Georgia metro markets –Brunswick ($2.50), Savannah-Hinesville-Fort Stewart ($2.44), and Macon ($2.41).
  • Least expensive Georgia metro markets – Rome ($2.26), Catoosa-Dade-Walker ($2.27), and Dalton ($2.28).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)                       

Sunday Saturday Week Ago Month Ago One Year Ago 2019 Low 2019 High Record High
National $2.52 $2.52 $2.55 $2.55 $2.26 $2.23 (January) $2.90 (May) $4.11   (7/17/2008)
Georgia $2.37 $2.37 $2.40 $2.38 $2.16 $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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