26
March
2023
|
18:00 PM
America/Chicago

AAA: Georgia Gas Price Average Holds Steady

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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 Holds Steady

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ATLANTA, Ga., (March 27, 2023) — Georgia gas price average is stuck in neutral compared to a week ago. Georgia drivers continue to pay an average price of $3.22 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is exactly the same as a week ago, 7 cents more than a month ago, and 74 cents less than this time last year. It now costs $48.30 to fill a 15-gallon tank of regular gasoline. Drivers are now paying almost $12.00 less to fill up at the pump compared to a year ago.

"Spring has sprung, and Georgia drivers were more concerned with pollen covering their vehicles than gas prices rising at the pumps," said Montrae Waiters, AAA-The Auto Club Group spokeswoman. "We may be seeing a return to seasonal trends in demand with warmer weather and longer days, however, fears of a recession caused global oil prices to hover near $70 a barrel, which took the edge off of rising gas prices."

Nationally Gas Prices Are Stuck in Neutral for Now

Since last Monday, the national average for a gallon of regular gasoline has decreased by 1 cent to $3.43 (subject to change overnight). According to data from the Energy Information Administration (EIA), gas demand increased from 8.59 million to 8.96 million barrels a day. Meanwhile, total domestic gasoline stocks decreased significantly by 6.4 million barrels to 229.6 million barrels. Increasing demand amid tighter supply would typically push pump prices higher; however, recent lower oil prices continue to push prices down.

Oil Market Dynamics

At the close of last Wednesday's formal trading session, WTI increased by $1.23 to settle at $70.90. Crude prices rose after the EIA reported that demand grew amid a reduction in gasoline stocks, signaling to the market that demand may be more robust than anticipated this year despite ongoing economic concerns. Additionally, the EIA reported that total domestic commercial crude inventories increased by 1.1 million barrels to 481.2 million barrels last week.

Regional Prices:

Atlanta: $3.22

The most expensive Georgia metro markets – are Savannah ($3.30), Hinesville-Fort Stewart ($3.27), and Brunswick ($3.25).

The least expensive Georgia metro markets – are Athens ($3.17), Catoosa-Dade-Walker ($3.16), and Dalton ($3.14).

Current and Past Price Averages (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

Record High

National

$3.43

$3.44

$3.44

$3.36

$4.24

$5.01 (6/14/2022)

Georgia

$3.22

$3.22

$3.22

$3.15

$3.96

$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.