Georgia gas prices dip again

Monday, November 13, 2023–12:57 p.m.

-AAA South-

 Georgia gas prices continue a downward trend at the pump compared to a week ago. Georgia drivers are now paying an average price of $2.85 per gallon for regular unleaded gasoline (subject to change overnight).

Monday’s state average is 5 cents less than a week ago, 25 cents less than a month ago, and 32 cents less than this time last year. It now costs an average of $42.75 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $4.00 less to fill up at the pump compared to a month ago.

“Gas prices continue to decline as the holiday season approaches,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “In part due to Governor Kemp’s extension of Georgia’s gas tax suspension until November 29th. According to Kemp, the goal is to help Georgians cope with high food and travel costs through the Thanksgiving holiday.”

Gas Prices Start to Feel Low, and That’s a Good Thing

Since last Monday, the national average for a gallon of regular gasoline decreased by 6 cents to $3.36 (subject to change overnight). However, the steady, if slow, decline may gain speed after recent drops in the price of oil. Parked in the mid-$80s per barrel a week ago, oil is now hovering around the mid-$70s.  Since it is the main ingredient in gasoline, less expensive oil usually leads to falling gas prices. 

According to data last week from the Energy Information Administration (EIA), they delayed its scheduled data releases, including its weekly estimates of gasoline supply and demand, to complete a planned systems upgrade. The EIA will resume its regular publishing schedule this week. However, given how the national average has declined, gas demand may likely remain flat or dip, contributing to lower pump prices and falling oil prices.

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