15
October
2023
|
18:00 PM
America/Chicago

AAA: Georgia Gas Price Average Keeps Falling

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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 Keeps Falling

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ATLANTA, Ga., (October 16, 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 $3.07 per gallon for regular unleaded gasoline (subject to change overnight).

Monday's state average is 8 cents less than a week ago, 37 cents less than a month ago, and 19 cents less than this time last year. It now costs an average of $46.05 to fill a 15-gallon tank of regular gasoline. Georgians are paying an average of almost $3.00 less to fill up at the pump compared to a year ago.

"Georgia drivers continue to pay cheaper gas at the pumps," said Montrae Waiters, AAA-The Auto Club Group spokeswoman. "Governor Kemp's suspension of the state's gas tax continues to be the main culprit, alongside slack demand."

Gas Prices Fall Despite Clouds of War

Since last Monday, the national average for a gallon of regular gasoline decreased by 10 cents to $3.60 (subject to change overnight). Domestic pump prices maintained their daily decline despite the uncertainty rippling through the oil market in the days since Hamas terrorists attacked Israel. Oil prices rose a few dollars per barrel last week, but that is far from the roughly $40 per barrel temporary spike following last year's Russian invasion of Ukraine. The critical difference is that Russia is a significant oil producer, while Israel and the Palestinian territories are not.

According to data from the Energy Information Administration (EIA), gas demand increased from 8.01 to 8.58 million barrels a day last week. On the other hand, total domestic gasoline stocks fell by 1.3 million barrels to 225.7 million barrels. Tepid demand, alongside descending oil prices, has pushed pump prices lower. If oil prices continue to decline, drivers can expect further price drops at the pump in the weeks ahead.

Regional Prices:

The most expensive Georgia metro markets – are Savannah ($3.17), Atlanta ($3.12), and Hinesville-Fort Stewart ($3.11).

The least expensive Georgia metro markets – are Catoosa-Dade-Walker ($2.91), Valdosta ($2.89), and Albany ($2.88).

Current and Past Price Averages (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

Record High

National

$3.60

$3.60

$3.70

$3.86

$3.89

$5.01 (6/14/2022)

Georgia

$3.07

$3.07

$3.15

$3.44

$3.26

$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 64 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.