AAA: Georgia Pump Prices Continue to Drop
ATLANTA, GA., (March 30, 2020) — Georgia gas prices continue to decline at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.85 per gallon for regular unleaded gasoline. Monday’s state average is 11 cents less than a week ago, 42 cents less than last month, and 75 cents less than this time last year.
It now costs $27.75 to fill a 15-gallon tank of gasoline; that is $13.35 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.
“Americans are being urged to stay at home and practice social distancing to slow the spread of COVID-19, because of this we are seeing less traffic on the roadways which has ultimately driven down demand, increased gasoline supply and pushed pump prices down,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Georgia motorists do not need to rush to the pumps to fill-up. Currently, there is ample U.S. gasoline supply and no disruption to distribution at gas stations.”
National Gas Price Average Continue to Decline
Since last Monday, the national average for a gallon of regular gasoline has decreased by 12 cents to $2.02. The national average has not been this low since March 2016. Pump prices continue to decline around the country as oil prices have decreased significantly in response to the increasing public health, financial and economic impact of COVID-19 and the crude price war between Russia and Saudi Arabia. New data from the Energy Information Administration (EIA) reveals that with many Americans staying at home and practicing social distancing, gas demand dropped dramatically — from 9.7 million barrels to 8.8 million barrels — last week. Crude oil is the biggest driver of the less expensive gas prices. In the last week, crude oil prices dropped to $22 a barrel – a low not seen since 2002. Crude oil accounts for nearly 60% of the retail pump price. When crude is cheap, gas prices follow suit. Motorists can expect to see prices continue to decline in the week ahead.
- Most expensive Georgia metro markets –Hinesville-Fort Stewart ($2.03), Brunswick ($2.01) and Albany ($1.96).
- Least expensive Georgia metro markets – Dalton ($1.61), Rome ($1.69) and Catoosa-Dade-Walker ($1.80).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2019 Low||2019 High||Record High|
|National||$ 2.02||$2.03||$2.14||$2.44||$2.69||$2.23 (January)||$2.90 (May)||$4.11 (7/17/2008)|
|Georgia||$1.85||$1.86||$1.96||$2.27||$2.60||$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.