Monday, September 4, 2023–9:23 p.m.
Georgia gas price average increased at the pump ahead of Labor Day. Georgia drivers are now paying an average price of $3.60 per gallon for regular unleaded gasoline (subject to change overnight).
Monday’s state average is 3 cents more than a week ago, 5 cents less than a month ago, and 26 cents more than this time last year. It now costs $54.00 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $4.00 more to fill up at the pump compared to a year ago. Georgia’s gas price average remains lower than what we paid last year for Labor Day which was $3.78 a gallon.
“It appears that overall gasoline demands this summer failed to match previous years, with consumption getting little “lift” from vacation travel this summer despite retail gasoline prices being below last year’s,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “There is a lot of speculation as to why, but no one seems to know the exact cause.”
Nationally Gas Prices Hit Pause Ahead of Labor Day
Since last Monday, the national average for a gallon of regular gasoline has held steady at $3.81 (subject to change overnight). While damage assessments are still being made in the wake of Hurricane Idalia, pump prices remained in neutral. According to data from the Energy Information Administration (EIA), gas demand increased slightly from 8.91 to 9.07 million barrels a day last week. Meanwhile, total domestic gasoline stocks took a slight step back to 217.4 million barrels. Although demand has increased, fluctuating oil prices have limited pump price increases.