ATLANTA, GA., (September 14, 2020) — Georgia gas prices decreased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.02 per gallon for regular unleaded gasoline. Monday’s state average is 2 cent less than a week ago, 6 cents more than last month, and 39 cents less than this time last year.
“Georgia gas prices are drifting lower across the state,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Lower demand has helped pump prices to decline this week, the descent will likely continue as summer fades to fall.”
NATIONAL AVERAGE DROPS ALONGSIDE DEMAND
Since last Monday, the national average for a gallon of regular gasoline has decreased by 3 cents to $2.19. In the new weekly report from the Energy Information Administration (EIA), gas demand decreased again from 8.79 million barrels a day to 8.39 million barrels a day.
At the close of last Thursday’s formal trading session, WTI decreased by 75 cents to settle at $37.30. Domestic crude prices decreased after EIA’s weekly report revealed that total domestic crude inventories increased by 2 million barrels last week, increasing total stocks to 500.4 million barrels. Increasing stocks could signal that crude demand is starting to decline, while production increased by 300,000 barrels a day last week to 10 million barrels a day. Crude prices may continue to drop if production does not rebalance to meet lower demand ahead of fall, which typically sees fewer drivers hitting the roads for trips due to colder weather.
- Most expensive Georgia metro markets – Brunswick ($2.11), Savannah ($2.10) and Hinesville-Fort Stewart ($2.08).
- Least expensive Georgia metro markets – Catoosa-Dade-Walker ($1.92), Columbus ($1.95) and Gainesville ($1.96).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2019 Low||2019 High||Record High|
|National||$2.19||$2.19||$2.22||$2.17||$2.57||$2.23 (January)||$2.90 (May)||$4.11 (7/17/2008)|
|Georgia||$2.02||$2.02||$2.04||$1.96||$2.41||$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 to130,000 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.