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Georgia Gas Prices Continue Decline

Monday, May 8th, 2017

Georgia gas prices averaged $2.23 on Sunday, the lowest in more than a month. Pump prices dropped 3 cents in the past week, and motorists should see prices drift even lower this week. 

The state average has declined 22 of the past 23 days for a total discount of 7 cents. Georgia gas prices hit their highest average price of the year at $2.29 on April 14. 

"Gas prices are falling due to continued high production rates from U.S. refineries, moderate demand, and a recent drop in crude oil prices," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "If this trend holds, gasoline will be near or below year-ago levels by Memorial Day, and rival prices seen last summer."

Gas prices are almost as low as last year. On Sunday, the state average was only 3 cents more than this time a year ago. In February, the state average was up 56 cents compared to the year before.

  • The most expensive metro markets in the state are Savannah ($2.26), Atlanta ($2.23), and Columbus ($2.23)
  • The least expensive metro markets in the state are Augusta/Aiken ($2.15), Macon ($2.18), and Valdosta ($2.22)

Last year, the state average was $2.27 on Memorial Day, and $2.11 from June 1 - August 31, 2016. 

Find Local Gas Prices

  • Visit Gasprices.aaa.com for national, state, and metro gas price averages. 
  • Motorists can find the lowest gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Highest Recorded 
Average Price
National $2.350 $2.354 $2.388 $2.381 $2.215 $4.114 (7/17/2008)
Florida $2.369 $2.375 $2.419 $2.415 $2.210 $4.079 (7/17/2008)
Georgia $2.225 $2.228 $2.257 $2.267 $2.193 $4.164 (9/15/2008)
Tennessee $2.120 $2.124 $2.152 $2.132 $2.072 $4.118 (9/15/2008)
Click here to view current gasoline price averages

 

Fuel Fundamentals
(Based on weekly data provided by the EIA)
  • Crude oil prices averaged $47.21 per barrel last week, the lowest weekly average since November 18.
  • U.S. crude inventories fell 0.1 percent
  • Domestic crude production increased 0.3 percent
  • Refineries operated at slightly lower than record highs seen last week.
  • The U.S. rig count increased by another 7 this week to a total of 877 - that's more than double the amount from this time last year.
  • Wholesale gasoline plunged on Thursday, losing nearly 20 percent value compared to highs seen in mid-April.
  • Gasoline production increased 0.75 percent
  • Gasoline supply increased 1 percent over the week before
  • Gasoline demand declined for the third consecutive week. Demand was especially high last year, due to lower gas prices.

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 120,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.