12
April
2020
|
23:00 PM
America/Chicago

AAA: GEORGIA'S WEEKLY GAS DEMAND CONTINUES DESCENT

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
$1.71 (- 6¢)

AAA: GEORGIA'S WEEKLY GAS DEMAND CONTINUES DESCENT

ATLANTA, GA., (April 13, 2020) — Georgia gas prices continues to decrease at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.71 per gallon for regular unleaded gasoline. Monday's state average is 6 cents less than a week ago, 43 cents less than last month, and 94 cents less than this time last year.

It now costs motorists $25.65 to fill a 15-gallon tank of gasoline; that is $15.45 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

Gas prices are positioned to see continued decreases in the week ahead," said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. "With Americans expected to remain at home, demand for gas is likely to continue declining alongside pump prices "."

Crude Oil

Since last Monday, the national average for a gallon of regular gasoline has decreased by 7 cents to $1.86. Low crude prices due to COVID-19 and lower demand for gas, have helped to push pump prices lower. In its latest weekly report, the Energy Information Administration (EIA) reported that gas demand plunged to 5.1 million barrels a day from the previous week's rate of 6.7 million barrels a day. Crude prices remained volatile last week, following the announcement of a tentative crude production reduction agreement between the Organization of the Petroleum Exporting Countries (OPEC) and other major crude oil producers, including Russia.

Final details are still pending, but the collective effort is expected to cut global crude production by 10 million barrels a day for May and June 2020, while 8 million a day could be cut for the remaining months in 2020. Crude prices will likely remain volatile until the market sees the final details of the historic agreement.

Regional Prices

Atlanta ($1.70)

  • Most expensive Georgia metro markets –Hinesville-Fort Stewart ($1.91), Brunswick ($1.87) and Savannah ($1.81).
  • Least expensive Georgia metro markets – Dalton ($1.44), Rome ($1.52) and Warner-Robins ($1.60).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2019 Low

2019 High

Record High

National

$1.86

$1.87

$1.93

$2.32

$2.81

$2.23 (January)

$2.90 (May)

$4.11 (7/17/2008)

Georgia

$1.71

$1.72

$1.77

$2.14

$2.65

$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.

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