From the The Auto Club Group of the American Automobile Association, which includes the state of Georgia:
Georgia gas prices are up this week compared to a week ago. Georgia drivers are now paying an average of $2.73 per gallon for regular unleaded- 3 cents more than a week ago and 13 cents more than this time last month. However, drivers are only paying 1 cent more than this same time last year.
Motorists are paying an average of $40.95 for a full 15-gallon tank of gasoline; a discount of $1.05 from when prices were their highest last May.
“Gasoline prices nationwide continue to rise,” said Montrae Waiters, spokeswoman, AAA- The Auto Club Group. “The market price for crude and gasoline are major factors as well as local supply and demand.”
EIA (Energy Information Administration)
In its latest weekly petroleum report, the Energy Information Administration revealed that while demand decreased slightly to 9.41 million b/d last week, the rate is more than 325,000 b/d higher than where it was last year at this time. Alongside healthy demand, total domestic stocks of gasoline fell by 2.2 million bbl to 225.8 million bbl last week – 11 million bbl lower than the total stock level during this same week in 2018. Two other contributing factors are the switch over to more expensive to produce summer blend gasoline and reduced gasoline production as a result of maintenance at refineries across the country. As a result, American motorists should expect increased pump prices as demand remains robust and stocks dwindle.
Regional Prices
- Most expensive metro markets – Atlanta ($2.79), Athens ($2.76), Gainesville ($2.75)
- Least expensive metro markets – Albany ($2.61), Columbus ($2.59), Warner ($2.59)
To view current gas price averages click here.
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.
Get Our Free E-Mail Newsletter!
Every Sunday we round up the week’s top headlines and preview the upcoming week in the East Cobb News Digest. Click here to sign up, and you’re good to go!
