23
March
2020
|
00:00 AM
America/Chicago

AAA: Georgia Gas Prices Trends Less than $2/Gallon  

Georgia Gas Prices Trends Less than $2/Gallon

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
$1.95 (- 12¢)

AAA: Georgia Gas Prices Trends Less than $2/Gallon

ATLANTA, GA., (March 23, 2020) — Georgia gas prices continue to decline at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.95 per gallon for regular unleaded. Monday's state average is 12 cents less than a week ago, 35 cents less than last month, and 54 cents less than this time last year.

It now costs $29.25 to fill a 15-gallon tank of gasoline; that is $11.85 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

"Typically gas prices start to trend more expensive at the beginning of spring, especially as motorists get out to enjoy the warmer weather and travel for spring break. That is not the case this year," said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. "With Americans urged to stay at home and practice social distancing to slow the spread of coronavirus, we are seeing less traffic on the roadways which will ultimately drive down demand, increase gasoline supply and push pump prices less expensive for the foreseeable future."

Crude Oil

With the national average at $2.12, pump prices are, on average, 50-cents less than this time last year. Crude oil is the biggest driver of the less expensive gas prices. In the last week, crude oil prices dropped to $22 a barrel – a low not seen since 2002. Crude oil accounts for nearly 60% of the retail pump price. When crude is cheap, gas prices follow suit. Motorists can expect to see prices continue to decline in the week ahead.

Regional Prices

Atlanta ($1.93)

  • Most expensive Georgia metro markets –Hinesville-Fort Stewart ($2.35), Savannah ($2.29) and Brunswick ($2.28).

  • Least expensive Georgia metro markets – Dalton ($2.09), Catoosa-Dade-Walker ($2.14) and Rome ($2.15).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2019 Low

2019 High

Record High

National

$2.12

$2.14

$2.25

$2.47

$2.62

$2.23 (January)

$2.90 (May)

$4.11 (7/17/2008)

Georgia

$1.95

$1.96

$2.07

$2.30

$2.49

$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

About AAA - The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, banking, financial services, and travel offerings to over 13.5 million members across 13 U.S. states, the province of Quebec and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Tennessee, Wisconsin, Puerto Rico, South Carolina and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.