Gas prices in Georgia are letting up a bit after a leak in the Colonial Pipeline suppressed gasoline supplies in six states.
AAA South said in it weekly fuel price report that during the 12-day shutdown to line 1, state average prices rose 28 cents in Georgia. Since restoring flow to Line 1 on Wednesday, state averages are 2 cents lower in Georgia.
"The reduction in pump prices are a good sign that supplies are reaching the areas most affected by the outage," said AAA spokesman Mark Jenkins. "It could take a couple of weeks, but prices should eventually return to levels seen before the leak, then fall in-line with other states as they follow a downward trend through the rest of the year."
Despite the recent surge in gasoline prices, Georgia and Tennessee, which was also impacted by the leak, state averages are a little more than a dollar less than two years ago, when prices exceeded $3 a gallon.
Florida Gas Prices Still Falling
Gas prices in Florida were largely unaffected by the Colonial outage, because the state doesn't rely on the pipeline for fuel deliveries. Instead, gasoline is shipped in via waterborne tankers, from refineries in Texas, Mississippi and Louisiana. Florida's state average declined for the 25th consecutive day on Sunday, for a total discount of 8 cents. Florida's state average of $2.15 is $1.14 less than this time two years ago, when prices exceeded $3 a gallon.
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 120,000 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.
