December 14th, 2020 – 9:40 AM
AAA: The Auto Club Group –
Georgia gas prices increased at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.01 per gallon for regular unleaded gasoline. Monday’s state average is 1 cent more than a week ago, 5 cents more than last month, and 39 cents less than this time last year.
It now costs motorists $30.15 to fill a 15-gallon tank of gasoline; that is $10.95 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.
“Georgian’s may see gas prices inch up a few pennies this week, however, pump prices will still remain relatively low compared to last year this time,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group.
OIL MARKETS DYNAMICS
Since last Monday, the national average for a gallon of regular gasoline remains $2.16. At the close of last Thursday’s formal trading session, WTI increased by $1.26 to settle at $46.78 — about a dollar more than the price at the end of last week. Crude prices continue to rise due to increasing optimism that coronavirus vaccines will be available in the coming weeks, which could help boost domestic crude demand. Crude prices increased despite EIA’s weekly report that revealed a surprising increase in total domestic crude inventories by 15.2 million barrels to 503.2 million barrels. The increase in supply could mean that domestic crude production, which was recorded at 11.1 million barrels a day last week in EIA’s report, is too high given current demand trends.
- Most expensive Georgia metro markets – Brunswick, ($2.09), Savannah ($2.08), and Hinesville-Fort Stewart ($2.07).
- Least expensive Georgia metro markets – Rome ($1.92), Catoosa-Dade-Walker ($1.94), and Columbus ($1.96).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)
|Sunday||Saturday||Week Ago||Month Ago||One Year Ago||2019 Low||2019 High||Record High|
|National||$2.16||$2.16||$2.16||$2.13||$2.56||$2.23 (January)||$2.90 (May)||$4.11 (7/17/2008)|
|Georgia||$2.01||$2.01||$2.00||$1.96||$2.40||$2.04 (January)||$2.74 (April)||$4.16 (9/15/2008)|
|Click here to view current gasoline price averages|