December 12th, 2022 – 1:45 PM
AAA – The Auto Club Group –
Georgia gas price average continues to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $2.88 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 8 cents less than a week ago, 29 cents less than a month ago, and 27 cents less than this time last year. It now costs $43.20 to fill a 15-gallon tank of regular gasoline. Drivers are now paying almost $5.00 less to fill-up at the pump compared to last month.
“Georgia pump prices are dropping sharply, which is a welcome relief to Georgians who plan to hit the road for the holidays,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “There are several factors contributing to the decline in gas prices, Governor Kemp’s decision to extend the suspension of the state gas taxes through January 10th, globally crude oil prices continue to drop, and winter blend gasoline is cheaper to produce. Still, experts in the industry cannot predict if gas prices will continue to fall after the new year.”
Nationally Gas Prices Keep Falling as Demand Remains Low
Since last Monday, the national average for a gallon of regular gasoline has decreased by 14 cents to $3.27 (subject to change overnight). According to data from the Energy Information Administration (EIA), gas demand remained low at 8.36 million barrels a day last week. The current rate is approximately 605,000 barrels a day lower than the rate at this time last year. Meanwhile, total domestic gasoline stocks rose significantly by 5.3 million barrels to 219.1 million barrels. Increasing supply and lower gasoline demand is pushing pump prices lower. As demand remains low and stocks grow, drivers will likely continue to see pump prices decrease through next week.
Most expensive Georgia metro markets – Atlanta ($2.93), Hinesville-Fort Stewart ($2.90) and Brunswick ($2.88).
Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.71), Columbus ($2.70) and Warner Robins ($2.68).
Current and Past Price Averages (Regular Unleaded Gasoline)
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