Monday, February 12, 2024–10:10 a.m.
-AAA South-
Georgia gas price average crept up slowly at the pump compared to a week ago.
The average is now $3.03 per gallon for regular unleaded gasoline, a penny more than a week ago, eight cents more than a month ago, but 23 cents less than this time last year.
It now costs an average of $48.90 to fill a 15-gallon tank of regular gasoline. Georgians are now paying almost $4.00 less to fill up at the pump compared to a year ago.
“Georgia gas price average trends upward across the state,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Slight increase in gas demand and fluctuating oil prices appear to be the reasons gas prices inched higher at the pumps.”
Local averages on Monday were $2.95 in Floyd County, $2.99 in Gordon County, $3.00 in Bartow County, $2.96 in Polk County, and $2.97 in Chattooga County.
Crude Oil Prices Tick Up, and Gas Prices Too
Since last Monday, the national average for a gallon of regular gasoline has increased by 4 cents to $3.18 (subject to change overnight). Seasonal demand trends, higher costs for oil, and routine refinery maintenance will likely push pump prices slowly higher this week.
According to data from the Energy Information Administration (EIA), gas demand increased from 8.14 to 8.81 million barrels a day last week. Meanwhile, total domestic gasoline stocks decreased by 3.1 million barrels to 251 million barrels. Higher gas demand and tighter supply have contributed to elevated pump prices. If demand continues to increase, drivers could see pump prices rise steadily.
