04
September
2022
|
18:00 PM
America/Chicago

AAA: Georgia Gas Price Average Dip 5 Cents

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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 Dip 5 Cents

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ATLANTA, Ga., (September 5, 2022) — Georgia gas prices continue to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.33 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 5 cents less than a week ago, 36 cents less than a month ago, and 35 cents more than this time last year.

It now costs $49.95 to fill a 15-gallon tank of regular gasoline. Drivers are now paying almost 6 dollars less to fill-up at the pump compared to a month ago.

"Crude oil prices continue to decline amid market concerns that crude demand will fall if economic growth slows or stalls due to a recession," said Montrae Waiters, AAA-The Auto Club Group spokeswoman. "Lower crude prices, usually leads to cheaper gas prices. However, hurricane season is underway, and a hurricane has the potential to cause a disruption to oil and gas operations."

National Average Continues to Decline as Economic Concerns Push Oil Prices Lower

Since last Monday, the national average for a gallon of regular gasoline has decreased by 7 cents to $3.78 (subject to change overnight). According to data from the Energy Information Administration (EIA), gas demand increased slightly from 8.43 million barrels a day to 8.59 million barrels a day. However, the rate is nearly 1 million barrels a day lower than the last week of August 2021. Moreover, according to the EIA, total domestic gasoline stocks decreased by 1.1 million barrels to 214.5 million barrels. Although gasoline demand has increased and supply has tightened, lower oil prices have led to falling pump prices. If oil prices continue to decline, drivers will likely continue to see pump prices drop after Labor Day.

Regional Prices

Most expensive Georgia metro markets – Savannah ($3.45), Brunswick ($3.39) and Atlanta ($3.38).

Least expensive Georgia metro markets – Gainesville ($3.17), Warner Robins ($3.14) and Dalton ($3.06).

Current and Past Price Averages (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

Record High

National

$3.78

$3.79

$3.85

$4.13

$3.18

$5.01 (6/14/2022)

Georgia

$3.33

$3.34

$3.38

$3.69

$2.98

$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 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 reduce 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.