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Gasoline price average drops below $2 in Georgia

POSTED: December 2, 2008 5:00 a.m.

ATLANTA — Gasoline prices across Georgia have fallen below the $2 a gallon mark.

AAA said prices at the pumps have tumbled more than a dollar in the past month.

The statewide average price for regular-grade gas is currently $1.96 Monday. Around Hinesville at midday Monday the most common price was $1.91-$1.89 per gallon, while at least one state was reportedly at $1.80.

The national average is $2.08.

One year ago, Georgia motorists were paying $3.03 for regular fuel, on average.

Augusta has the cheapest metro average for regular at $1.92 a gallon. Columbus had the highest average at $2.05.

Oil and gas prices are in a downward spiral because of investors' fears that a global economic slowdown will hurt demand for fuel.

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