Monday, January 27, 2025–8:45 a.m.
–AAA South–
Georgia’s gas price average holds steady at the pumps compared to a week ago.
Georgians continue to pay an average price of $2.96 per gallon for regular unleaded gasoline. Monday’s state average is the same as a week ago, 6 cents more than a month ago, and 6 cents less than last year.
It costs drivers an average price of $44.40 to fill a 15-gallon tank of regular gasoline. Georgians almost pay $1.00 less to fill up at the pump than a year ago.
“Surging oil reserves within the U.S. and uncertainty surrounding the nation’s energy strategies are easing fuel costs in some regions, yet nudging them upward slightly in others,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman.
Local averages on Monday were $2.94 in Floyd County and Polk County, $2.92 in Bartow County, $2.91 in Gordon County, and $2.82 in Chattooga County.
Nationally
Gas Prices Stick To the Middle Lane With a Modest Jump at the Pump
Since last Monday, the national average for a gallon of regular gasoline has remained at $3.12. Despite easing oil costs and lackluster domestic gasoline demand, pump prices increased in some areas of the U.S. According to Energy Information Administration (EIA) data, gasoline demand fell from 8.32 million barrels a day last week to an anemic 8.08. Meanwhile, total domestic gasoline stocks rose from 243.6 million barrels to 245.9, while gasoline production decreased last week, averaging 9.2 million barrels per day.
Oil Market Dynamics
At the close of last Wednesday’s formal trading session, WTI fell 39 cents to settle at $75.44 a barrel. The EIA reports that crude oil inventories decreased by 1.0 million barrels from the previous week. At 411.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.
