Wednesday November 27th, 2024 10:42PM

AAA: Georgia gas prices drop 2 cents in latest report

By AccessWDUN Staff

Georgia gas prices declined for the 11th consecutive day on Sunday. The state average dropped 2 cents last week, and motorists should see another round of falling prices this week, according to AAA-The Auto Club Group.

"Gas prices were knocked off their seasonal upward trend, when new data revealed record-high refinery activity, setting off market concerns of a gasoline glut," said Mark Jenkins.

"When refineries finished spring maintenance season, they accelerated production to levels that have outpaced demand. Because of this unexpected shift in fundamentals, motorists have likely seen the highest prices for the foreseeable future, and retail prices should fall a few more pennies this week."

The Georgia average retail price of $2.26 is 13 cents less than the national average, according to data provided by AAA, from a collection of 120,000 gas stations nationwide, based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability.  

April gas prices reached their highest average price since April 2015. According to historical AAA data, Georgia gas prices averaged $2.27 in April, with daily retail prices ranging between $2.19 - $2.29 per gallon.

  • The most expensive Georgia gas prices are in Savannah ($2.29), Atlanta ($2.26), and Valdosta ($2.26). 
  • The least expensive Georgia gas prices are in Augusta ($2.19), Macon ($2.21), and Columbus ($2.25). 
  • Associated Categories: Business News, Local/State News, Local Business News
  • Associated Tags: AAA, Gas prices, Weekly fuel report, fuel price report
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