Georgia Pump Price Average Falls 14 Cents
Tuesday, July 26th, 2022
Georgia gas prices decreased at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.90 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 14 cents less than a week ago, 52 cents less than last month, and 94 cents more than this time last year.
It now costs $58.50 to fill a 15-gallon tank of regular gasoline. Drivers are paying an average of $14.10 more at the pump than last year.
“Lower domestic demand for gas, and declining crude oil prices continues to be the main factors for lower pump prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman.
National Average Drops as Gas Demand Remains Low and Crude Prices Decline
Since last Monday, the national average for a gallon of regular gasoline has decreased by 17 cents to $4.36 (subject to change overnight). According to the Energy Information Administration (EIA), total domestic gasoline stocks increased by 3.5 million barrels to 228.4 million barrels, signaling that low demand led to growth in inventory last week. If gas demand remains low as stocks increase, alongside a continuing reduction in crude prices, drivers will likely see lower pump prices this week.
Regional Prices
Atlanta- $3.97
Most expensive Georgia metro markets – Brunswick ($4.00), Hinesville-Fort Stewart ($3.97) and Athens ($3.95).
Least expensive Georgia metro markets – Columbus ($3.74), Valdosta ($3.64) and Albany ($3.61).