ATLANTA, GA., (June 29, 2020) — Georgia gas prices increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.00 per gallon for regular unleaded gasoline. Monday’s state average is 8 cents more than a week ago, 25 cents more than last month, and 52 cents less than this time last year.
It now costs motorists $30.00 to fill a 15-gallon tank of gasoline; that is $11.10 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.
“Demand levels are likely to ebb and flow in the coming weeks as people continue to be cautious about travel,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “As a result, pump prices will likely continue to increase through the end of July.”
Increasing Demand Contributes To Increasing National Average
Since last Monday, the national average for a gallon of regular gasoline is $2.18, which is 5 cents higher than a week ago. According to new data from the Energy Information Administration (EIA), gas demand is estimated to have increased significantly from 7.87 million barrels a day to 8.61 million barrels a day last week. The increase in demand has helped to lift pump prices. If demand continues to trend higher, motorists will likely see pump prices continue to increase through early July.
At the close of last Thursday’s formal trading session, WTI increased by 71 cents to settle at $38.72. Although crude prices increased today in reaction to increasing economic stimulus measures by governments around the world, prices pushed cheaper earlier in the week due to an increase in new coronavirus infections worldwide, which could suppress crude demand.
- Most expensive Georgia metro markets – Savannah ($2.05), Augusta ($2.04) and Brunswick ($2.03).
- Least expensive Georgia metro markets – Athens ($1.95), Rome ($1.96) and Warner Robins ($1.97).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2019 Low||2019 High||Record High|
|National||$2.18||$2.18||$2.13||$2.00||$2.71||$2.23 (January)||$2.90 (May)||$4.11 (7/17/2008)|
|Georgia||$2.00||$2.00||$1.92||$1.75||$2.52||$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.
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About AAA – The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.