Release:
ATLANTA, GA., (August 23, 2021) — Georgia gas prices hold steady at the pump compared to a week ago. Georgia motorists continue to pay an average price of $2.96 per gallon for regular unleaded gasoline. Monday’s state average is 1 cent more than last month and 97 cents more than this time last year.
It now costs motorists $44.40 to fill a 15-gallon tank of gasoline; that is $7.50 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon.
“Georgia gas prices saw minimal or no change at the pumps across the state,” said Montrae Waiters, spokeswoman AAA-The Auto Club Group. “We anticipate demand will continue to decline in the weeks ahead as drivers traditionally take fewer road trips towards the end of summer and the rise of coronavirus infections.”
NATIONAL AVERAGE DECLINES ALONGSIDE GAS DEMAND
Since last Monday, the national average for a gallon of regular gasoline has decreased by 2 cents to $3.16. In its latest weekly report, the Energy Information Administration (EIA) reported that gas demand decreased from 9.43 million barrels a day to 9.33 million barrels a day last week. The decrease in demand, which helped total gasoline stocks increase by 700,000 barrels to 228.2 million barrels, contributed to the cheaper national average. If demand continues to soften and supply builds throughout this month, pump prices will likely continue to decline ahead of Labor Day weekend.
OIL MARKET DYNAMICS
At the close of last Thursday’s formal trading session, WTI decreased by $1.77 to settle at $63.69. Crude prices have dropped this week due to market concerns that crude demand will decline due to surging coronavirus infection rates across the globe. Price decreases have occurred despite EIA’s latest report showing that total domestic crude stocks decreased by 3.3 million barrels to 435.5 million barrels last week.
REGIONAL PRICES
Most expensive Georgia metro markets – Savannah ($3.04), Hinesville-Fort Stewart ($3.01), and Atlanta ($3.00).
Least expensive Georgia metro markets – Warner Robins ($2.82), Columbus ($2.86), and Augusta-Aiken ($2.87).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
| Sunday | Saturday | Week Ago | Month Ago | One Year Ago | 2020 Low | 2020 High | Record High | |
| National | $3.16 | $3.16 | $3.18 | $3.15 | $2.18 | $1.76 (April) | $2.59 (January) | $4.11 (7/17/2008) |
| Georgia | $2.96 | $2.97 | $2.96 | $2.97 | $1.99 | $1.614 (May) | $2.46 (January | $4.16 (9/15/2008) |
| Click here to view current gasoline price averages |
GAS PRICE SURVEY METHODOLOGY
AAA updates fuel price averages daily atwww.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 62 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 theAAA Mobile app, visitAAA.com, and follow us on Facebook, Twitter and LinkedIn.
