Monday, November 6, 2023–9:56 a.m.

-AAA South-

Georgia gas prices continue to drop.

Georgia drivers are now paying an average price of $2.90 per gallon for regular unleaded gasoline (subject to change overnight).

Monday’s state average is 6 cents less than a week ago, 30 cents less than a month ago, and 22 cents less than this time last year. It now costs an average of $43.50 to fill a 15-gallon tank of regular gasoline. Georgians are paying $5.00 less to fill up at the pump compared to a month ago.

“There are many pumps across our state selling regular gas below $3 a gallon and Georgians appear to be taking full advantage of filling their cars up without the worry of breaking the bank,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “We still need to watch global events for the effect on oil prices, which remain fluid but for now, drivers will benefit from falling prices with every visit to the pump.”

Local averages on Monday were $2.76 in Floyd County, $2.73 in Gordon County, $2.84 in Bartow County, $2.86 in Polk County, and $2.70 in Chattooga County.

Nationally, Gas Prices Keep Edging Lower

Since last Monday, the national average for a gallon of regular gasoline decreased by 7 cents to $3.42 maintaining a steady if unspectacular pace.  The primary reasons are flat demand at the pump and lower costs for oil.  According to data from the Energy Information Administration (EIA), gas demand decreased slightly from 8.86 to 8.7 million barrels a day last week. Meanwhile, total domestic gasoline stocks remained flat at 223.5 million barrels. Lower gas demand, alongside declining oil prices, has contributed to pushing pump prices down. If the price of oil remains low, drivers can expect to see further price drops.