Photo by Jim Francis
AAA: Georgia gasoline prices continue to decline
Good news if you’re planning a summer road trip. According to the AAA Georgia gas prices have been dropping steadily for weeks. Georgia motorists are now paying an average price of $2.44 per gallon for regular unleaded. Monday's state average is three cents less than a week ago, 19 cents less than this time last month, and 26 cents less than this time last year.
It now costs $36.60 to fill a 15-gallon tank of gasoline. That is $6.00 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.
“Growing gasoline inventories are contributing to relief at the pump so far this summer,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “Current U.S. inventories sit at nearly 235 million bbl (the abbreviation for a 42 US-gallon barrel of crude oil), which is helping to feed growing demand.”
The decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand. However, the latest Energy Information Administration (EIA) report reveals that total domestic gasoline inventories jumped a million bbl last week, helping to push pump prices lower. According to OPIS, strong production output and increased imports have helped gasoline storage levels grow consistently over the past four weeks.
|Local gas prices in Marble Hill. Photo by Jim Francis|
Georgia’s most expensive metro markets –Hinesville- Fort Stewart ($2.51), Atlanta ($2.50), Macon ($2.47), and Savannah ($2.45).
Georgia’s least expensive metro markets – Catoosa-Dade- Walker ($2.23), Albany- Columbus-Dalton ($2.32).
*AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS)