30
July
2023
|
18:00 PM
America/Chicago

AAA: More Expensive Oil Nudges Georgia Gas Price Average Higher

AAA Orbit.jpg

NEWS RELEASE

MEDIA CONTACT:

Montrae Waiters, AAA spokeswoman

The Auto Club Group

Cell (813) 244-0815, MWaiters@acg.aaa.com

AAA: More Expensive Oil Nudges Georgia Gas Price Average Higher

GAS oil.jpg

ATLANTA, Ga., (July 31, 2023) — Georgia gas price average continues to increase at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.55 per gallon for regular unleaded gasoline (subject to change overnight).

Monday's state average is 19 cents more than a week ago, 33 cents more than a month ago, and 23 cents less than this time last year. It now costs an average of $53.25 to fill a 15-gallon tank of regular gasoline. Drivers are paying almost $4.00 less to fill up at the pump compared to a year ago.

"The steady increase of crude oil prices and refineries having to adjust production because of soaring temperatures causes pump prices to elevate," said Montrae Waiters, AAA-The Auto Club Group spokeswoman. "The cost of oil accounts for more than 50% of what we pay at the pumps, Georgians may not catch a break regarding gas prices any time soon if crude oil continues to rise."

Like the Sizzling Temperatures, Gas Prices Climb Higher

Since last Monday, the national average for a gallon of regular gasoline has increased by 16 cents to $3.75 (subject to change overnight). The primary cause appears to be the oil price, which has marched nearly $4 higher in the past week to hover near $80 per barrel. According to data from the Energy Information Administration (EIA), gas demand rose slightly from 8.86 to 8.94 million barrels a day. Meanwhile, total domestic gasoline stocks dipped from 218.4 to 217.6 million barrels. With supplies tight, if demand should spike, pump prices will follow suit.

Regional Prices:

The most expensive Georgia metro markets – are Atlanta ($3.59), Savannah ($3.56), and Augusta-Aiken ($3.53).

The least expensive Georgia metro markets – are Albany ($3.47), Rome ($3.46), and Catoosa-Dade-Walker ($3.45).

Current and Past Price Averages (Regular Unleaded Gasoline)

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

Record High

National

$3.75

$3.74

$3.59

$3.54

$4.23

$5.01 (6/14/2022)

Georgia

$3.55

$3.55

$3.36

$3.22

$3.78

$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.