Georgia motorists are now paying an average price of $1.99 per gallon for regular unleaded gasoline, according to the weekly fuel price report from AAA-The Auto Club South. Monday's state average is 23-cents more than last month, and 59-cents less than this time last year.
It now costs motorists $30.00 to fill a 15-gallon tank of gasoline; that is $11.11 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.
Montrae Waiters, spokeswoman for AAA, said prices for the Fourth of July weekend were good news for holiday travelers.
“Pump prices continue to trend lower than what consumers paid a year ago," Waiters said. "Gasoline demand appears to be rebounding, but there is still concern regarding recent uptick in new COVID-19 cases, which could prevent gas prices from continuing to rebound.”
National Average Holds Steady As Gas Demand Lowers
Since last Monday, the national average for a gallon of regular gasoline is $2.18, which is one penny higher than a week ago. According to new data from the Energy Information Administration (EIA), gas demand took a slight step back to 8.56 million barrels a day from 8.61 million barrels a day last week. Alongside decreasing demand, total domestic gasoline supplies grew by 1.2 million barrels to 256.5 million barrels last week. The national average holding steady means that gasoline supply and demand are largely in sync across the country.
At the close of last Wednesday’s formal trading session, WTI increased by 55 cents to settle at $39.82. Domestic crude prices increased after EIA’s weekly report revealed that total domestic crude inventories fell by 7.2 million barrels to 533.5 million barrels. Decreasing crude stocks could mean that crude production is meeting demand as it continues to recover amid new coronavirus outbreaks.
Regional Prices
Atlanta ($2.00)
- Most expensive Georgia metro markets – Brunswick ($2.10), Hinesville-Fort Stewart ($2.06) and Savannah ($2.05).
- Least expensive Georgia metro markets – Athens ($1.90), Catoosa-Dade-Walker ($1.92) and Dalton ($1.93).
- The average price for gasoline in Hall County is $1.96, the same price as last week.
http://accesswdun.com/article/2020/7/917983/aaa-gas-prices-hold-steady-for-the-week