AAA: PUMP PRICES IN GEORGIA INCREASE BY 4 CENTS
ATLANTA, GA., (December 21, 2020) — Georgia gas prices increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.04 per gallon for regular unleaded gasoline. Monday’s state average is 4 cents more than a week ago, 9 cents more than last month, and 34 cents less than this time last year.
It now costs motorists $30.60 to fill a 15-gallon tank of gasoline; that is $10.50 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.
“Gas prices have increased this week, however, pump prices will still remain relatively low compared to this time last year,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group.
OIL MARKETS DYNAMICS
Since Monday, the national average for a gallon of regular gasoline has increased by 5 cents to $2.21. At the close of last Thursday’s formal trading session, WTI increased by 54 cents to settle at $48.36 — about two dollars more than the price at the end of last week. Crude prices rose due to a weak dollar and increasing investment based on market optimism that coronavirus vaccines will help crude oil demand recover in 2021. Higher crude prices have also helped to lift pump prices, since the price of oil makes up over half of the cost of gasoline. Continued positive news about the vaccines will continue helping the domestic price of crude rise.
- Most expensive Georgia metro markets – Brunswick, ($2.18), Savannah ($2.12), and Hinesville-Fort Stewart ($2.11).
- Least expensive Georgia metro markets – Rome ($1.97), Gainesville ($1.98), and Catoosa-Dade-Walker ($1.99).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2019 Low||2019 High||Record High|
|National||$2.21||$2.21||$2.16||$2.11||$2.55||$2.23 (January)||$2.90 (May)||$4.11 (7/17/2008)|
|Georgia||$2.04||$2.04||$2.00||$1.95||$2.38||$2.04 (January)||$2.74 (April)||$4.16 (9/15/2008)|
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.