Monday, December 25, 2023–9:20 a.m.
Georgia’s gas price average increased at the pump. Georgia drivers are now paying an average price of $3.01 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 5 cents more than a week ago, 22 cents more than a month ago, and 31 cents more than this time last year. It now costs an average of $45.15 to fill a 15-gallon tank of regular gasoline. Georgians are now paying almost $5.00 more to fill up at the pump compared to a year ago.
“The upward trend in crude oil prices, and attacks on ships in the Red Sea caused gas prices to increase across the country,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “This is not the news Georgians wanted to hear ahead of the new year, but unless wholesale gasoline prices change course and drop considerably, pump prices may continue to rise.”
It May Be a Wrap for Falling Gas Prices
Since last Monday, the national average for a gallon of regular gasoline has increased by 6 cents to $3.12 (subject to change overnight). This marks the first weekly increase since September. According to data from the Energy Information Administration (EIA), gas demand dipped slightly from 8.86 to 8.75 million barrels a day last week. Meanwhile, total domestic gasoline stocks increased slightly by 2.7 million barrels to 226.7 million barrels. Robust gas demand and elevated oil prices have jolted pump prices as the US enters winter. With drivers heading to their holiday destinations, they may continue to see pump prices fluctuate slightly during this heavy travel season.