26
February
2023
|
18:00 PM
America/Chicago

AAA: Georgia Gas Price Average Continues to Decline

AAA Orbit.jpg

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

GAS 27.jpg

ATLANTA, Ga., (February 27, 2023) — Georgia gas price average continues to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.15 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 7 cents less than a week ago, 23 cents less than a month ago, and 34 cents less than this time last year. It now costs $47.25 to fill a 15-gallon tank of regular gasoline. Drivers are now paying at least $3.00 less to fill up at the pump compared to last month.

"The decline in gas prices is primarily being driven by a decrease in crude oil cost and slow demand," said Montrae Waiters, AAA-The Auto Club Group spokeswoman. "The cost for oil accounts for 55% of what we pay at the pump, therefore, higher or lower oil costs will dictate the price we pay for gas going forward."

National Pump Price Average Drops

Since last Monday, the national average for a gallon of regular gasoline has decreased by 5 cents to $3.36 (subject to change overnight). The main reason is the crude oil price, which fell into the mid $70s per barrel, nearly $5 cheaper than a week ago. According to data from the Energy Information Administration (EIA), gas demand increased slightly from 8.27 million barrels a day to 8.91 million barrels a day. Meanwhile, total domestic gasoline stocks decreased by 1.8 million barrels to 240.1 million barrels last week. However, if gas demand keeps rising amid tightening domestic stocks, drivers may see an end to future pump price drops.

Regional Prices:

Atlanta- $3.17

Most expensive Georgia metro markets – Hinesville-Fort Stewart ($3.31), Savannah ($3.28), and Macon ($3.20).

Least expensive Georgia metro markets – Albany ($3.08), Catoosa-Dade-Walker ($3.05), and Gainesville ($3.04).

Current and Past Price Averages (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

Record High

National

$3.36

$3.37

$3.41

$3.50

$3.59

$5.01 (6/14/2022)

Georgia

$3.15

$3.16

$3.22

$3.38

$3.49

$4.49 (6/15/2022)

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 Fuel Price Finder.
  • Consider paying in cash vs. a 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 the best fuel economy. Find a trusted automotive facility at AAA.com/Auto Repair.
  • 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 reduce fuel economy.

Traffic Safety Tip: AAA-The Auto Club Group "Move Over For Me" Campaign

"Drivers, if you see a disabled vehicle on the roadside while traveling, be courteous and Move Over," said Waiters. "Remember the person who broke down could be you, a friend, a family member, a coworker, or a neighbor. Move Over for the safety of others and because it is the right thing to do!"

Video: Move Over For Me PSA

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.