After jumping a few cents in the prior reporting period, gasoline prices in Georgia are down again, according to Monday's fuel price report from AAA-The Auto Club Group.
Georgia motorists are now paying an average price of $2.25 per gallon for regular unleaded, a decline of 5-cents from a week ago. Monday's state average is 5-cents less than this time last month, and 4-cents less than this time last year.
It now costs $33.75 to fill a 15-gallon tank of gasoline; that is $7.35 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.
"Gas prices are less expensive on the week across the South and Southeast states,” said Montrae Waiters, AAA spokeswoman. “Healthy stock levels and cheaper crude prices have alleviated pump price pains. However, the upcoming switchover to summer blend could break the downward trend in coming weeks; we are also watching the impact of the coronavirus and what it could do to gasoline demand”
National Gas Price Average Only One Cent More Expensive Year-Over-Year
Monday's national average is $2.43, which is 4-cents cheaper than a week ago, 4-cents less than last month, and 1-cent more expensive than last year. Gas prices have not been cheaper year-over-year since before Thanksgiving last November. The ability to tap into robust U.S. gasoline stocks has contributed to price declines at the pump. Stocks dipped for a second week, by 2.7 million barrels, according to the Energy Information Administration’s (EIA) latest report. Overall stock levels measure at 256.3 million barrels, which is comparable to this time last year. Demand jumped slightly above 9 million barrels a day.
Regional Prices
Atlanta ($2.25)
- Most expensive Georgia metro markets –Hinesville-Fort Stewart ($2.37), Brunswick-Savannah ($2.34) and Macon ($2.30).
- Least expensive Georgia metro markets – Dalton ($2.17), Catoosa-Dade-Walker ($2.19) and Gainesville ($2.20).
