Georgia gas prices continue to decline at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.50 per gallon for regular unleaded. Monday's state average is 4 cents less than a week ago, 11 cents more than this time last month, and 25 cents less than this time last year.
It now costs $37.50 to fill a 15-gallon tank of gasoline. That is $5.10 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.
"Gas demand is starting to decline, which is typically the case during fall,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “If demand continues to drop, while stocks decline or hold steady, pump prices will likely continue to stabilize this week.”
The national average price for regular unleaded gasoline is $2.66 per gallon, which is one cent more than a week ago, nine cents more than a month ago, and 25 cents less than a year ago. In its latest weekly report, the Energy Information Administration’s (EIA) data revealed that gas demand is starting to decline. For the week ending on September 27, demand moved from 9.34 million b/d to 9.13 million b/d, which is the same rate seen at the end of September 2018. Alongside the drop in demand, gasoline stocks held relatively stable from 230.2 million bbl the previous week to 230 million bbl. The drop in demand, amid stable stock levels, has helped the majority of motorists across the country see pump prices stabilize or decline after spiking a few weeks ago when Saudi Arabia reported that two of its oil facilities were attacked.
Most expensive Georgia metro markets –Atlanta ($2.56), Athens ($2.54), and Gainesville ($2.53).
Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.33), Dalton ($2.34), and Augusta-Aiken ($2.35).