Gas Price Brief - August 27, 2018
|
|
NEWS RELEASE MEDIA CONTACTS: Florida Georgia Tennessee |
U.S. AVERAGE PRICE (Per Gallon) |
GAS PRICES PUSH LOWER BEFORE LABOR DAY WEEKEND
TAMPA, Fla. (August 27, 2018) — Gas prices in the southeastern U.S. are declining as Americans prepare for the final holiday of the summer travel season. Declining demand and rising supplies have allowed prices at the pump to steadily slip lower.
"Pump prices are 40-50 cents higher than a year ago, but that spread will be erased by Labor Day," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Holiday travelers will find pump prices at around the same level as last year. In 2017, gas prices spiked before Labor Day, after Hurricane Harvey struck the Gulf Coast. This year, motorists should benefit from a relatively quiet hurricane season along the east coast. Although pump prices may fluctuate with surging holiday demand, AAA does not forecast a significant hike, unless there is an unexpected disruption in supply."
| Labor Day Gas Prices | |||||
| 2014 | 2015 | 2016 | 2017 | Today | |
| National | $3.44 | $2.44 | $2.20 | $2.64 | $2.84 |
| Florida | $3.37 | $2.29 | $2.22 | $2.69 | $2.73 |
| Georgia | $3.33 | $2.29 | $2.14 | $2.69 | $2.69 |
| Tennessee | $3.21 | $2.14 | $2.02 | $2.55 | $2.59 |
Regional Gas Prices
Gas prices in Florida dropped 4 cents last week. The state average declined for the 16th consecutive day on Sunday, for a total of 9 cents. Sunday's state average of $2.73 per gallon is 42 cents more than this time last year.
Florida's state average currently sits just 4 cents above last year's average price on Labor Day.
Click here to view AAA's state and metro gas price averages
- The most expensive gas price averages in Florida are in Panama City ($2.85), West Palm Beach-Boca Raton ($2.83), and Crestview-Fort Walton Beach ($2.81)
- The least expensive gas price averages in Florida are in Fort Myers-Cape Coral ($2.66), Tampa-St. Petersburg-Clearwater ($2.67), and Punta Gorda ($2.67)
Gas prices in Georgia dropped 3 cents last week. The state average declined for the 20th consecutive day on Sunday, for a total discount of 8 cents during that time. Sunday's state average of $2.69 is 45 cents more than this time last year.
Georgia's state average is already at the same level as last year's Labor Day holiday.
Click here to view AAA's state and metro gas price averages
- The most expensive gas price averages in Georgia are in Atlanta ($2.74), Brunswick ($2.70), and Savannah ($2.69)
- The least expensive gas price averages in Georgia are in Augusta-Aiken ($2.56), Warner Robins ($2.58), and Albany ($2.59)
Gas prices in Tennessee declined 2 cents last week. The state average declined for the 23rd consecutive day on Sunday, for a total discount of 6 cents during that time. Sunday's state average of $2.59 is 44 cents more than this time last year.
Tennessee gas prices currently sit just 4 cents above last year's Labor Day average.
Click here to view AAA's state and metro gas price averages
- The most expensive gas price averages in Tennessee are in Jackson ($2.66), Nashville ($2.64), and Memphis ($2.63)
- The least expensive gas price averages in Tennessee are in Cleveland ($2.50), Chattanooga ($2.52), and Kingsport-Bristol ($2.53)
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
 |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Highest Price on Record |
| National | $2.839 | $2.841 | $2.841 | $2.853 | $2.359 | $4.114 (7/17/2008) |
| Florida | $2.729 | $2.732 | $2.766 | $2.736 | $2.311 | $4.079 (7/17/2008) |
| Georgia | $2.693 | $2.696 | $2.723 | $2.710 | $2.242 | $4.164 (9/15/2008) |
| Tennessee | $2.593 | $2.594 | $2.610 | $2.603 | $2.147 | $4.118 (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 9.5 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 58 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. AAA clubs can be visited on the Internet at AAA.com.