Georgians Face Higher Gas Prices

Staff Report

Tuesday, October 19th, 2021

Georgia gas prices increased alongside rising crude oil. Georgia motorists are now paying an average price of $3.15 per gallon for regular unleaded gasoline. Monday's state average is 9 cents more than a week ago, 18 cents more than last month and $1.15 more than this time last year.

It now costs motorists $47.25 to fill a 15-gallon tank of gasoline; that is $10.35 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon.

“The key driver for the rise of gas prices is crude oil, which typically accounts for between 50% and 60% of the price at the pump,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Unfortunately, it’s still too early to tell when Georgians will see some type of relief regarding gas prices this season.”

PUMP PRICES CONTINUE TO RISE ALONGSIDE CRUDE PRICES

The national average for a gallon of regular gasoline is $3.19. According to data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 2 million barrels to 223.1 million barrels last week. Gasoline demand also fell from 9.43 million barrels a day to 9.19 million barrels a day. Typically, lower demand alongside a decline in stocks would result in downward market pressure on pump prices. But high crude prices (above $80 per barrel) remain the main culprit for rising pump prices. As crude prices remain elevated, pump prices will likely follow suit. 

REGIONAL PRICES

Atlanta- $3.15

Most expensive Georgia metro markets – Savannah ($3.25), Hinesville-Fort Stewart ($3.21), and Macon ($3.15).

Least expensive Georgia metro markets – Catoosa-Dade-Walker ($3.08), Augusta-Aiken ($3.09), and Albany ($3.10).  

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)                                                   

 

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020 Low

2020 High

Record High

National

$3.19 

$3.14 

$3.26

$3.19 

$2.17

$1.76 (April)

$2.59 (January)

$4.11   (7/17/2008)

Georgia

$3.15 

$3.14 

$3.06

$2.97 

$2.00

$1.61 (May)

$2.46 (Januaryl)

$4.16   (9/15/2008)

Click here to view current gasoline price averages