AAA: GEORGIA'S GAS PRICE AVERAGE DROPS 4 CENTS

AAA: Georgia's Gas Price Average Drops 4 Cents

AAA: GEORGIA'S GAS PRICE AVERAGE DROPS 4 CENTS

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ATLANTA, Ga., (October 7, 2019) — Georgia gas prices continue to decline at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.50 per gallon for regular unleaded. Monday's state average is 4 cents less than a week ago, 11 cents more than this time last month, and 25 cents less than this time last year.

It now costs $37.50 to fill a 15-gallon tank of gasoline. That is $5.10 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.

"Gas demand is starting to decline, which is typically the case during fall," said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. "If demand continues to drop, while stocks decline or hold steady, pump prices will likely continue to stabilize this week."

Drop In Gas Demand Helps Stabilize National Average

The national average price for regular unleaded gasoline is $2.66 per gallon, which is one cent more than a week ago, nine cents more than a month ago, and 25 cents less than a year ago. In its latest weekly report, the Energy Information Administration's (EIA) data revealed that gas demand is starting to decline. For the week ending on September 27, demand moved from 9.34 million b/d to 9.13 million b/d, which is the same rate seen at the end of September 2018. Alongside the drop in demand, gasoline stocks held relatively stable from 230.2 million bbl the previous week to 230 million bbl. The drop in demand, amid stable stock levels, has helped the majority of motorists across the country see pump prices stabilize or decline after spiking a few weeks ago when Saudi Arabia reported that two of its oil facilities were attacked.

Regional Prices

• Most expensive Georgia metro markets –Atlanta ($2.56), Athens ($2.54), and Gainesville ($2.53).
• Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.33), Dalton ($2.34), and Augusta-Aiken ($2.35).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	2018 High	Record High
National	$2.66	$2.65	$2.65	$2.57	$2.91	$2.97 (5/26/2018)	$4.11 (7/17/2008)
Georgia	$2.50	$2.50	$2.54	$2.39	$2.75	$2.84 (5/27/2018)	$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.

About 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, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico 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 and 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.