Monday, March 3, 2025–11:55 a.m.
-AAA South-
The Georgia gas price average continues its descent at the pumps compared to a week ago. Georgians now pay an average price of $2.94 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 5 cents less than a week ago, 1 cent more than a month ago, and 26 cents less than last year. It costs drivers an average of $44.10 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $4.00 less to fill up at the pump than a year ago.
“Because crude oil prices remain low, pump prices have followed suit. Now that the new month is upon us, March madness is bound to roll in, so drivers might want to savor the current dip in gas prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Usually around March and April, we see gas prices get a little bump, thanks to everyone hitting the road for Spring Break and that pricier summer blend rolling out. Predicting how steep prices will climb is anyone’s guess, so drivers are encouraged to keep their eyes peeled and maybe budget a bit extra for fuel in their upcoming plans.”
On Monday, local averages were $2.87 in Floyd County, $2,88 in Bartow County, $2.83 in Gordon County, $2.84 in Chattooga County, and $2.91 in Polk County.
Nationally
Warmer Days, Cooler Prices: Consumers See a Slight Break at the Pump
Since last Monday, the national average for a gallon of regular gasoline has decreased by 5 cents to $3.09 (subject to change overnight). With winter nearly in the rearview, temperatures warmed while gas prices cooled. Gas prices are expected to shift upward slightly in March as routine seasonal maintenance wraps up.
This suggests that most drivers saw few changes at the pump this past week. According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.23 million b/d last week to 8.45. The total domestic gasoline supply rose from 247.9 million barrels to 248.3, while gasoline production decreased last week, averaging 9.2 million barrels per day. Today’s national average for a gallon of gas is $3.12, flat as compared to a month ago and 14 cents less than a year ago.
Oil Market Dynamics
At the close of last Wednesday’s formal trading session, WTI dropped $0.31 to settle at $68.62 a barrel. The EIA reports that crude oil inventories decreased by 2.3 million barrels from the previous week. At 430.2 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.