AAA: Georgia Gas Prices Continue to Drop

AAA: Georgia Pump Prices Continue to Drop

ATLANTA, Ga., (June 3, 2019) — Georgia gas prices continue to decline at the pump compared to a week ago. Georgia drivers are now paying an average of $2.57 per gallon for regular unleaded- 4 cents less than a week ago, 15 cents less than a month ago, and 25 cents less than this time last year. Motorists are paying an average of $38.55 for a full 15-gallon tank of regular gasoline; a discount of $3.45 from when prices were their highest last May.

“Gas prices have been trending lower now for the past month and there are no signs of pump prices changing gears toward more expensive for the summer season as anticipated,” said Montrae Waiters, spokeswoman, AAA- The Auto Club Group. “One major indicator supporting this forecast is the price of crude oil which last week dropped by $6 to $53/bbl, which is one of the lowest prices of the year.”

South and Southeast

Gas prices across the South and Southeast states are among the cheapest in the country selling, on average, for $2.57 or less, with the exception of New Mexico ($2.69). The states with the cheapest averages in the region and the county are: Mississippi ($2.39), Louisiana ($2.39), Alabama ($2.41), South Carolina ($2.43), Arkansas ($2.46), Texas ($2.48) and Oklahoma ($2.55).

On the week, Texas (-5 cents), Georgia (-4 cents) and Louisiana (-4 cents) saw the largest pump price drops in the region. Following behind are Florida, Mississippi and South Carolina with gas price declines of three cents since last Monday. All other states saw smaller declines or averages held steady.

The region continues to see declines at the pump thanks to a steady build of gasoline stocks, which increased by 1.2 million bbl according to the latest EIA data. With refinery utilization at 95% and stocks totaling 84.7 million bbl — a nearly 6 million bbl year-over-year surplus — motorists in the South and Southeast can expect gas prices to push lower in the coming weeks.

Regional Prices

• Most expensive metro markets –Hinesville- Fort Stewart ($2.63), Savannah ($2.62), and Atlanta ($2.61).
• Least expensive metro markets – Catoosa-Dade- Walker ($2.41), Albany ($2.43), and Dalton ($2.44).

                                          

CURRENT AND PAST PRICE AVERAGES                                                                                    

Regular Unleaded Gasoline

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	2018 High	Record High
National	$2.81	$2.82	$2.83	$2.89	$2.95	$2.97 (5/26/2018)	$4.11   (7/17/2008)
Georgia	$2.57	$2.58	$2.61	$2.72	$2.82	$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 59 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.