08
December
2019
|
23:00 PM
America/Chicago

GEORGIA GAS PRICES DROPPED 2 CENTS

AAA: Georgia Gas Prices Dropped 2 Cents

NEWS RELEASE

MEDIA CONTACT:
Montrae Waiters, AAA spokeswoman, The Auto Club Group,
Cell (813) 244-0815
Mwaiters@autoclubgroup.aaa.com

GEORGIA
AVERAGE PRICE PER GALLON
$2.42 (- 2¢)

GEORGIA GAS PRICES DROPPED 2 CENTS

ATLANTA, Ga., (December 9, 2019) — Georgia gas prices declined at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.42 per gallon for regular unleaded gasoline. Monday's state average is 2 cents less than a week ago, 1 cent less than last month, and 20 cents more than this time last year.

It now costs $36.30 to fill a 15-gallon tank of gasoline. That is $6.30 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.

"Gasoline stocks have steadily increased the past few weeks as gasoline demand has started to slow," said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. "This trend is creating cheaper gas prices for the majority of motorists."

Crude Oil

Slightly higher crude prices in December 2018 help to account for the year-over-year price difference. Total domestic gasoline stocks grew for the fourth straight week, according to new data from the Energy Information Administration (EIA). Stock levels increased by 3.4 million barrels, bringing the total to 229.4 million barrels, which is 3.1 million barrels higher than last year's level at this same time. In EIA's latest weekly report, gasoline demand dropped from 9.20 million b/d to 9.03 million b/d, which is slightly higher than last year's 8.88 million b/d during the same week. Stock growth, amid robust demand, has helped to stabilize the national average.

Regional Prices

  • Most expensive Georgia metro markets – Savannah ($2.45), Atlanta ($2.44), and Hinesville-Fort Stewart ($2.43).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.32), Warner –Robins ($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 $2.57 $2.58 $2.59 $2.62 $2.42 $2.97 (5/26/2018) $4.11 (7/17/2008)
Georgia $2.42 $2.42 $2.44 $2.43 $2.22 $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.

Visit the AAA Georgia Newsroom

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.