Gas prices unchanged from last week

Monday, March 11, 2024–8:20 a.m.

-AAA South-

Georgia gas prices are stuck in neutral with drivers paying an average price of $3.20 per gallon for regular unleaded gasoline, which is the same as last week.

The average is 17 cents more than a month ago and 6 cents less than this time last year. 

It costs drivers an average of $48.00 to fill a 15-gallon tank of regular gasoline. Georgians are now paying almost $1.00 less to fill up at the pump compared to a year ago.

“The usual ebb and flow of gas prices came to a pause last week in Georgia,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, now that demand is ticking upward in anticipation of Spring Break, as well as, crude oil prices increasing, Georgians may have to pay more at the pumps this week. We encourage drivers to follow the money-saving gas tips listed below.”

Local averages on Monday were $3.15 in Floyd County and Gordon County, $3.12 in Bartow County, $3.11 in Chattooga County, and $3.14 in Polk County.

Gas Prices Rose Ahead of Daylight-Savings Time

Since last Monday, the national average for a gallon of regular gasoline has increased by 5 cents to $3.26 (subject to change overnight). More expensive oil is a likely culprit, as crude accounts for nearly 60% of pump prices. The cost for a barrel of oil is edging closer to $80, about $10 more per barrel than a few months ago.

According to data from the Energy Information Administration (EIA), gas demand jumped from 8.47 to 9.01 million barrels a day last week. Meanwhile, total domestic gasoline stocks tightened by 4.5 million barrels to 239.7 million barrels. Growing gas demand, amid tighter supply, has pushed pump prices higher.

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