Georgia gas prices increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $4.48 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 21 cents more than a week ago, 54 cents more than last month, and $1.57 more than this time last year. 

It now costs motorists $67.20 to fill a 15-gallon tank of regular gasoline. Paying nearly $24.00 more at the pump than last year.

“Demand for gasoline continues to grow, and crude oil supply remains tight. This is an indication that consumers may continue to face higher prices at the pump for the remainder of the summer,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “It may be a good idea for Georgians to start setting aside some money now for upcoming road travel.”

National Average Rose alongside Gas Demand and Oil Prices

Since last Monday, the national average for a gallon of regular gasoline has increased by 17 cents to $5.01 (subject to change overnight). According to data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 800,000 barrels to 218.2 million barrels last week. Meanwhile, gasoline demand grew from 8.98 million barrels a day to 9.2 million barrels a day as drivers continue to fuel up for the summer driving season, typically a time when gas demand increases. This dynamic between decreased supply and increased demand is contributing to rising prices at the pump.

At the close of last Wednesday’s formal trading session, WTI increased by $2.70 to settle at $122.11. Crude prices surged last week in response to global supply concerns amid expected demand increases, particularly as China emerges from lockdowns that reduced crude demand. As a result, the current storage level is approximately 12 percent lower than a year ago, contributing to rising crude prices.

Regional Prices

Atlanta- $4.52

Most expensive Georgia metro markets – Atlanta ($4.52), Savannah ($4.49) and Gainesville ($4.48).

Least expensive Georgia metro markets – Catoosa-Dade-Walker ($4.35), Dalton ($4.36) and Dalton ($4.36).