Gas Prices Inch Lower on Demand Drop

GAS PRICES SLIDE ON DECLINING DEMAND

TAMPA, Fla. (September 24, 2018) — Gas prices edged lower last week. Sunday's national average price of $2.85 per gallon was one-tenth of a cent less than the week before. However, the average American is still paying 27 cents per gallon more than this time last year.

"Even though oil prices rose last week, prices at the pump slipped lower because of declines in gasoline demand," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "The latest figures from the EIA show weekly demand hitting 4-week lows. Combining this autumn trend with the recent switch to a cheaper-to-produce winter blend gasoline, and prices at the pump could move even lower this fall. However, upward pressure persists due to concerns that there could be major crude supply challenges this fall, due to US-led sanctions against Iranian crude and sharp reductions in economically-stressed Venezuela."

Regional Gas Prices

Gas prices in Florida declined 2 cents during the past week. The state average is on a streak of declines, falling 23 consecutive days for a total of 9 cents.

Sunday's state average of $2.71 per gallon is 2 cents less than this time last month. However, Florida motorists are still paying 4.5 cents per gallon more than this time last year.

Click here to view AAA's state and metro gas price averages

• The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton ($2.84), Panama City ($2.81), and Miami ($2.80)
• The least expensive gas price averages in Florida are in Tampa-St. Petersburg-Clearwater ($2.63), Melbourne-Titusville ($2.66), and Orlando ($2.66)

Gas prices in Georgia declined 1-cent during the past week. Sunday's state average of $2.71 per gallon is 1-cent more than a month ago and 3 cents more than this time last year.

Click here to view AAA's state and metro gas price averages

• The most expensive gas price averages in Georgia are in Atlanta ($2.77), Savannah ($2.72), and Gainesvile ($2.72)
• The least expensive gas price averages in Georgia are in Catoosa-Dade-Walker ($2.58), Augusta-Aiken ($2.59), and Warner Robins ($2.59)

Gas prices in Tennessee slipped a half-cent lower during the past week. Sunday's state average of $2.58 is 1-cent less than a month ago. However, Tennessee motorists are still paying 6 cents per gallon more than this time last year.

Click here to view AAA's state and metro gas price averages

• The most expensive gas price averages in Tennessee are in Jackson ($2.65), Nashville ($2.61), and Memphis ($2.61)
• The least expensive gas price averages in Tennessee are in Chattanooga ($2.50), Clarksville-Hopkinsville ($2.51), and Cleveland ($2.52)

Gas Price Tools

• GasPrices.AAA.com - Daily national, state, and metro gas price averages
• AAA Mobile app - Free app that compares gas prices near you
• Gas Cost Calculator - Determine how much gasoline will cost on your next road trip

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	Highest Price on Record
National	$2.852	$2.853	$2.853	$2.829	$2.581	$4.114 (7/17/2008)
Florida	$2.721	$2.723	$2.738	$2.741	$2.675	$4.079 (7/17/2008)
Georgia	$2.712	$2.713	$2.723	$2.701	$2.677	$4.164 (9/15/2008)
Tennessee	$2.584	$2.586	$2.588	$2.596	$2.518	$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 9.6 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 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. COMING SOON! New personal insurance products will be available in October 2018. Features include: Enhanced Total Loss Coverage, AAA Membership Discount, Disappearing Deductible and much more!