15
December
2019
|
23:00 PM
America/Chicago

GEORGIA PUMP PRICES DECLINE 3 CENTS

AAA: Georgia Pump Prices Decline 3 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
$2.39 (- 3¢)

GEORGIA PUMP PRICES DECLINE 3 CENTS


ATLANTA, Ga., (December 16, 2019) — Georgia gas prices declined at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.39 per gallon for regular unleaded gasoline. Monday's state average is 3 cents less than a week ago, 3 cents less than last month, and 21 cents more than this time last year.

It now costs $35.85 to fill a 15-gallon tank of gasoline. That is $6.75 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.

"As stocks continue to grow, while demand decreases, pump prices across the nation are likely to continue seeing downward pressure through this week," said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. "This trend is creating cheaper gas prices for the majority of motorists."

Increased Stocks and Lower Demand Help to Push Prices Lower

The national average price for regular unleaded gasoline is $2.55 per gallon, which is 2 cents less than last week, 5 cents less than month ago, and 17 cents more than a year ago. The year-over-year difference is due to higher crude prices this winter over last. Total domestic gasoline stocks increased for the fifth consecutive week, according to new data from the Energy Information Administration (EIA). Stocks increased by 5.4 million barrels last week, bringing the total to 234.8 million barrels. Additionally, gas demand decreased from 9.03 million barrels to 8.88 million barrels.

Regional Prices

  • Most expensive Georgia metro markets – Savannah ($2.44), Hinesville-Fort Stewart ($2.42), and Atlanta ($2.41).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.29), Dalton –Rome ($2.30) and Augusta-Aiken ($2.32).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.55 $2.56 $2.57 $2.60 $2.38 $2.97 (5/26/2018) $4.11 (7/17/2008)
Georgia $2.39 $2.39 $2.42 $2.42 $2.18 $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.