07
August
2022
|
18:00 PM
America/Chicago

AAA: Georgia Gas Price Average Continues to Decline

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NEWS RELEASE

MEDIA CONTACT:

Montrae Waiters, AAA spokeswoman, The Auto Club Group
Cell (813) 244-0815- MWaiters@acg.aaa.com

AAA: Georgia Gas Price Average Continues to Decline

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ATLANTA, Ga., (August 8, 2022) — Georgia gas prices continues to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.63 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 14 cents less than a week ago, 63 cents less than last month, and 66 cents more than this time last year.

It now costs $54.45 to fill a 15-gallon tank of regular gasoline. Drivers are now paying an average of $9.00 more at the pump than last year.

"Crude prices fell last week as market concerns about weakening demand and an economic slowdown persisted," said Montrae Waiters, AAA-The Auto Club Group spokeswoman. "Lower gas prices at the pump are a welcome relief to Georgians who are impacted by the rising cost of living."

Declining Gas Demand and Crude Oil Prices Push National Average Down Again

Since last Monday, the national average for a gallon of regular gasoline has decreased by 16 cents to $4.06 (subject to change overnight). According to the Energy Information Administration (EIA), gas demand dropped from 9.25 million barrels a day to 8.54 million barrels a day last week. The rate is 1.24 million barrels a day lower than last year and is in line with demand at the end of July 2020, when COVID-19 restrictions were in place and fewer drivers hit the road. Moreover, according to EIA, total domestic gasoline stocks increased slightly by 200,000 barrels to 225.3 million barrels. If gas demand remains low and stocks continue to rise alongside falling crude prices, drivers will likely continue to see pump prices decrease.

Regional Prices

Most expensive Georgia metro markets – Savannah ($3.74), Hinesville-Fort Stewart ($3.73) and Atlanta ($3.69).

Least expensive Georgia metro markets – Columbus ($3.50), Valdosta ($3.38) and Warner Robins ($3.36).

Current and Past Price Averages (Regular Unleaded Gasoline)

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Sunday

Saturday

Week Ago

Month Ago

One Year Ago

Past Record High

National

$4.06

$4.08

$4.22

$4.75

$3.18

$4.11 (7/17/2008)

Georgia

$3.63

$3.64

$3.77

$4.26

$2.97

$4.16 (9/15/2008)

Click here to view current gasoline price averages

Money-Saving Tips for Drivers

  • Shop around for gas prices. Drivers can check area gas prices on the AAA Mobile App.
  • Consider paying in cash vs. credit card. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Enroll in fuel savings programs.

Fuel-Saving Tips for Drivers

  • Maintain your vehicle to ensure optimal fuel economy. Find a trusted automotive facility at AAA.com/AutoRepair.
  • Combine errands to limit driving time.
  • Slow down. Fuel economy diminishes significantly at highway speeds above 50 mph.
  • Drive conservatively and avoid aggressive driving. Aggressive acceleration and speeding reduces fuel economy.

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.

Visit the AAA Georgia Newsroom

Twitter @AAAGeorgia

About AAA - The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America with more than 13 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 the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.