AAA: More Good News at the Gas Pump




AAA: GEORGIA PUMP PRICES DROP 7 CENTS

ATLANTA, Ga., (February 3, 2020) — Georgia gas prices declined at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.30 per gallon for regular unleaded gasoline. Monday’s state average is 7 cents less than a week ago, 14 cent less than last month, and 16 cents more than this time last year.

It now costs $34.50 to fill a 15-gallon tank of gasoline; that is $6.60 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“Increased total domestic stocks of gasoline have helped to ease pump price,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Typically, we see lower demand during this time of year. When combined with higher stock levels, pump prices usually decrease in response.”

Rising Gas Stocks Put Downward Pressure on Winter Pump Prices

The national gas price average is $2.47, which is 5 cents cheaper than last week, 11 cents less than last month, and 22 cents more than a year ago. Gas prices have continued to drop over the last week as gasoline stocks grew again, measuring at 260 million barrels– the highest stock level ever recorded by the Energy Information Administration (EIA) since it began recording the data in 1990. EIA estimates that demand grew slightly from 8.56 million b/d to 8.66 million b/d. However, the current rate is lower than last year’s 8.87 million b/d at this time.

Regional Prices:

Atlanta ($2.31)

  • Most expensive Georgia metro markets –Brunswick ($2.43), Hinesville-Fort Stewart ($2.42), and Savannah ($2.38).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.19), Dalton ($2.20), and Rome ($2.21).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)                       

Sunday Saturday Week Ago Month Ago One Year Ago 2019 Low 2019 High Record High
National $2.47 $2.47 $2.52 $2.58 $2.25 $2.23 (January) $2.90 (May) $4.11   (7/17/2008)
Georgia $2.30 $2.31 $2.37 $2.44 $2.14 $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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