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AAA: Georgia Gas Price Average Climbs 5 Cents

Staff Report

Tuesday, October 11th, 2022

 Georgia gas prices increased at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.22 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 5 cents more than a week ago, 6 cents less than a month ago, and 17 cents more than this time last year. 

It now costs $48.30 to fill a 15-gallon tank of regular gasoline. Drivers are now paying 90 cents less to fill-up at the pump compared to a month ago.

“Gas prices across the South, East coast, and the Northeast continued to climb after the announcement that OPEC (Organization of the Petroleum Exporting Countries) planned to cut oil production,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Traditionally during the fall and winter driving seasons gas demand declines. If this holds true drivers may see a price drop in the weeks ahead.”

Gas Demand Spikes, Contributing to Rising Pump Prices

Since last Monday, the national average for a gallon of regular gasoline has increased by 12 cents to $3.91 (subject to change overnight). According to data from the Energy Information Administration (EIA), gas demand increased nationally from 8.83 million barrels a day to 9.47 million barrels a day last week, and total domestic gasoline stocks decreased significantly by 4.7 million barrels to 207.5 million barrels. High gasoline demand, amid tight supply, has led to higher pump prices nationwide.
 
Pump prices on the West Coast have increased due to ongoing refinery maintenance at roughly six refineries, severely limiting the region’s supply. However, refinery restarts and California officials allowing less expensive winter-blend gasoline to be sold a month ahead of schedule should offer drivers relief at the pump in the coming days.

Regional Prices

Most expensive Georgia metro markets – Atlanta ($3.27), Savannah ($3.25) and Hinesville-Fort Stewart ($3.23).

Least expensive Georgia metro markets – Albany ($3.14), Catoosa-Dade-Walker ($3.13) and Rome ($3.10).