26
July
2020
|
20:00 PM
America/Chicago

AAA: GEORGIA GAS PRICES DROP 1 CENT AT THE PUMP

NEWS RELEASE

MEDIA CONTACT:


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

GEORGIA
AVERAGE PRICE PER GALLON
$2.00 (-1¢)

AAA: GEORGIA GAS PRICES DROP 1 CENT AT THE PUMP

ATLANTA, GA., (July 27, 2020) — Georgia gas prices declined slightly at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.00 per gallon for regular unleaded gasoline. Monday's state average is 1 cent less than a week ago, 2 cents more than last month, and 62 cents less than this time last year.

It now costs motorists $30.00 to fill a 15-gallon tank of gasoline; that is $11.10 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

"Decreasing demand for gasoline contributed to the drop in pump prices this week," said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. "If demand continues to drop, pump prices could push cheaper in the coming week."

Low Demand Pulls National Average Lower

Since last Monday, the national average for a gallon of regular gasoline has decreased by a penny to $2.18. In the new report from the Energy Information Administration (EIA), gas demand fell from 8.65 million barrels a day to 8.55 million barrels a day last week.

At the close of Thursday's formal trading session, WTI decreased by 83 cents to settle at $41.07. Domestic crude prices decreased after EIA's weekly report revealed that total domestic inventories increased by 4.9 million barrels. The increase, amid falling gasoline demand, could mean that the domestic crude market is oversupplied, which led crude prices to fall and they could see more decreases if crude supplies continue to increase.

Regional Prices

Atlanta ($1.98)

  • Most expensive Georgia metro markets – Hinesville-Fort Stewart ($2.10), Brunswick ($2.08) and Savannah ($2.07).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($1.90), Rome ($1.94) and Athens ($1.97).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2019 Low

2019 High

Record High

National

$2.18

$2.18

$2.19

$ 2.17

$ 2.74

$2.23 (January)

$2.90 (May)

$4.11 (7/17/2008)

Georgia

$2.00

$2.00

$2.01

$1.98

$2.62

$2.04 (January)

$2.74 (April)

$4.16 (9/15/2008)

Click here to view current gasoline price averages

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 14 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 60 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.

If you would rather not receive future communications from -, let us know by clicking here.
-, - -, -, - - United States