06
June
2021
|
18:00 PM
America/Chicago

Georgia Pump Prices Hold Steady at $2.91 Per Gallon

vcsPRAsset_522440_109113_8c7cf381-ce23-4cb6-8c48-9a6c5773ff9e_0

NEWS RELEASE

MEDIA CONTACT:

Garrett Townsend, GA Public Affairs Director, AAA - The Auto Club Group,
cell: (404) 932-1965, GTownsend@AutoClubGroup.AAA.com

GEORGIA
AVERAGE PRICE PER GALLON
$2.91

Georgia Pump Prices Hold Steady at $2.91 Per Gallon

Gas Feb.jpg

ATLANTA, GA., (June 7, 2021) — Georgia gas prices held steady at the pump compared to a week ago. Georgia motorists are paying an average price of $2.91 per gallon for regular unleaded gasoline. Monday's state average is the same from a week ago, 18 cents more than last month and $1.13 more than this time last year.

It costs Georgia motorists $43.65 to fill a 15-gallon tank of gasoline; that is $6.75 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon.

"Pump prices usually trickle higher during the summer months due to increased demand," said Garrett Townsend, AAA-The Auto Club Group Public Affairs Director. "However, if total domestic stocks outpace demand, American motorists will likely see pump prices fluctuate the next coming weeks."

National Average Stays Flat After Memorial Day Weekend

Since Monday, the national average for a gallon of regular gasoline has held steady at $3.04.

According to data from the Energy Information Administration (EIA), demand dropped from 9.48 million barrels a day to 9.15 million barrels a day, while total domestic gas stocks increased by 1.5 million barrels last week.

OIL MARKET DYNAMICS

At the close of last Thursday's formal trading session, WTI decreased by two cents to settle at $68.81. Although a stronger dollar factored into today's slight price decrease, crude prices have generally increased this week after the Organization of the Petroleum Exporting Countries (OPEC), and its allies including Russia, announced they still plan to gradually increase crude production in July. The move could help reduce pump prices later this summer, but the amount of the price reduction will depend on how well OPEC and its allies adhere to their agreement and if the additional production is not met with higher demand. OPEC and its allies will meet again on July 1 to review their production agreement.

REGIONAL PRICES

  • Most expensive Georgia metro markets – Atlanta ($2.94), Gainesville ($2.91), and Hinesville – Fort Stewart ($2.88).
  • Least expensive Georgia metro markets – Warner Robins ($2.80), Columbus ($2.82), and Albany ($2.83).

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

vcsPRAsset_522440_105553_279a6033-181d-4f41-a971-72bcb183d553_0

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020

Low

2020

High

Record High

National

$3.05

$3.04

$3.04

$2.94

$2.01

$1.76 (April)

$2.59 (January)

$4.11 (7/17/2008)

Georgia

$2.91

$2.90

$2.91

$2.73

$1.78

$1.61 (May)

$2.46 (January)

$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

Twitter @AAAGeorgia

About AAA - The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 62 million members in the United States and Canada. AAA's mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.