Georgia gas prices increased alongside rising crude oil. Georgia motorists are now paying an average price of $3.15 per gallon for regular unleaded gasoline. Monday’s state average is 9 cents more than a week ago, 18 cents more than last month and $1.15 more than this time last year.
It now costs motorists $47.25 to fill a 15-gallon tank of gasoline; that is $10.35 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon.
“The key driver for the rise of gas prices is crude oil, which typically accounts for between 50% and 60% of the price at the pump,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Unfortunately, it’s still too early to tell when Georgians will see some type of relief regarding gas prices this season.”
PUMP PRICES CONTINUE TO RISE ALONGSIDE CRUDE PRICES
The national average for a gallon of regular gasoline is $3.19. According to data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 2 million barrels to 223.1 million barrels last week. Gasoline demand also fell from 9.43 million barrels a day to 9.19 million barrels a day. Typically, lower demand alongside a decline in stocks would result in downward market pressure on pump prices. But high crude prices (above $80 per barrel) remain the main culprit for rising pump prices. As crude prices remain elevated, pump prices will likely follow suit.
Most expensive Georgia metro markets – Savannah ($3.25), Hinesville-Fort Stewart ($3.21), and Macon ($3.15).
Least expensive Georgia metro markets – Catoosa-Dade-Walker ($3.08), Augusta-Aiken ($3.09), and Albany ($3.10).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2020 Low||2020 High||Record High|
|National||$3.19||$3.14||$3.26||$3.19||$2.17||$1.76 (April)||$2.59 (January)||$4.11 (7/17/2008)|
|Georgia||$3.15||$3.14||$3.06||$2.97||$2.00||$1.61 (May)||$2.46 (Januaryl)||$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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