Georgia gas prices fall three more cents

Monday, Feb. 20, 2023–10:45 a.m.

-David Crowder, WRGA News-

Georgia gas prices have dipped another three cents.

Georgia drivers are now paying an average price of $3.22 per gallon for regular unleaded gasoline.

Although down by three cents from a week ago, that is still a couple of cents more than last month.

It now costs $48.30 to fill a 15-gallon tank of regular gasoline. Drivers are now paying at least $2.00 less to fill up at the pump compared to a year ago.

“Low demand and a dip in crude oil prices continue to keep gas prices down,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “If demand and crude oil costs start to rise again, most likely pump prices will follow suit down the road.”

Local averages on Monday morning were $3.14 in Floyd County, $3.07 in Bartow County, $3.10 in Gordon County, $3.11 in Chattooga County, and $3.22 in Polk County.

Which Way Is Up? Gas Prices Mostly Flat Week-Over-Week

Since last Monday, the national average for a gallon of regular gasoline has remained at $3.41. Slack demand for gas and waffling prices is the primary reason the national average is stuck in neutral. According to data from the Energy Information Administration (EIA), gas demand dipped slightly from 8.43 million to 8.27 million barrels a day. Meanwhile, total domestic gasoline stocks increased by 2.3 million barrels to 241.9 million barrels last week. If gas demand remains low, drivers may see only moderate price increases amid growing total domestic stocks.

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