After a few weeks of declining prices, gasoline prices in Georgia increased 3-cents at the pump compared to a week ago. AAA-The Auto Club group said Georgia motorists are now paying an average price of $2.43 per gallon for regular unleaded. Monday's state average is 9-cents less than this time last month, and 21-cents less than this time last year.
It now costs $36.45 to fill a 15-gallon tank of gasoline. That is $6.15 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.
"Last week, more than half of all states saw gas prices decrease,” said Montrae Waiters, spokeswoman for AAA. “Due to ongoing maintenance and tighter gasoline supply, motorists can expect fluctuations at the pump likely through the end of the week.”
Demand Climbs as National Average Increases Nominally
The national average price for regular unleaded gasoline is $2.61 per gallon, which is the same price as last week, 4 cents less than a month ago, and 17 cents less than a year ago. Domestic demand for gasoline climbed last week as stocks continue to decline, according to new data from the Energy Information Administration (EIA). EIA’s latest weekly report shows that demand for gasoline grew from 9.59 million barrels to 9.78 million barrels last week. This latest rate is approximately 520,000 barrels higher than last year’s rate at this time. Growing demand, amid tight gasoline supplies, has contributed to a nominal increase in the national average – one cent since Monday.
Regional Prices
- Most expensive Georgia metro markets – Atlanta-Gainesville ($2.48), Athens ($2.45) and Savannah ($2.44).
- Least expensive Georgia metro markets – Albany- ($2.31), Warner Robbins ($2.32) and Valdosta ($2.33).
