State News

Georgia Pump Price Average Slides Lower, But Pain Far From Over

Georgia gas prices continue downward trend at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.77 per gallon for regular unleaded gasoline.

Monday’s state average was 13 cents less than a week ago, 59 cents less than last month, and 81 cents more than this time last year. 

It now costs $56.55 to fill a 15-gallon tank of regular gasoline. Drivers are paying an average of $12.15 more at the pump than last year.

“Low domestic demand for gasoline continues to trigger low prices at the pump,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Also, if the global price for crude oil does not spike this week, gas prices most likely will not increase. Whether gas prices will tick back up next month remains to be seen.”

National Average Continues Decline

Since last Monday, the national average for a gallon of regular gasoline has decreased by 14 cents to $4.22 (subject to change overnight). At the close of last Wednesday’s formal trading session, WTI increased by $2.28 to settle at $97.26. Crude prices increased slightly last week, amidst market concerns about weakening demand this summer, which eased after the EIA reported that total domestic crude stocks decreased by 4.5 million barrels to 422.1 million barrels. 

Regional Prices

Atlanta- $3.83

Most expensive Georgia metro markets – Brunswick ($3.87), Savannah ($3.85) and Athens ($3.84).

Least expensive Georgia metro markets – Valdosta ($3.50), Warner Robins ($3.48) and Albany ($3.46). 

Current and Past Price Averages (Regular Unleaded Gasoline) 

http://us.vocuspr.com/Publish/522440/vcsPRAsset_522440_105553_279a6033-181d-4f41-a971-72bcb183d553_0.jpgSundaySaturdayWeek AgoMonth AgoOne Year AgoPast Record High
National$4.22 $4.23 $4.36 $4.85  $3.17  $4.11   (7/17/2008)
Georgia$3.77 $3.78  $3.90  $4.36 $2.96 $4.16   (9/15/2008)

Information from AAA

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