Monday, May 12, 2025–10:30 p.m.
-AAA South-
Georgia gas prices decreased at the pumps compared to a week ago.
Georgians now pay an average price of $2.88 per gallon for regular unleaded gasoline, which is 4 cents lower than a week ago, 11 cents lower than a month ago, and 53 cents lower than last year.
It costs drivers an average of $43.20 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $8.00 less to fill up at the pump than a year ago.
“Crude oil continues to trend under $80 a barrel, and demand appears to have slowed down, contributing to lower pump prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman.”
Local averages on Monday were $2.80 in both Floyd County and Gordon County, $2.75 in Chattooga County, $2.84 in Bartow County, and $2.87 in Polk County.
Nationally
Temperatures May Be Rising, But Gas Prices Are Not
Since last Monday, the national average price for a gallon of regular gasoline has decreased by 3 cents to $3.13, subject to change overnight. In the lull between spring travel and the kick-off to summer, gas demand slid week after week. OPEC+ (the group of oil-producing countries) announced Saturday that it will increase output again in June, widening the supply surplus, which could cause crude prices to continue to fall. This means road trippers would see lower prices at the pump this summer.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 9.09 million barrels a day last week to 8.71. Total domestic gasoline supply slightly increased from 225.5 million barrels to 225.7.
Oil Market Dynamics
At the close of last Wednesday’s formal trading session, WTI fell $1.02 to settle at $-58.07 a barrel. The EIA reports that crude oil inventories decreased by 2 million barrels from the previous week. At 438.4 million barrels, U.S. crude oil inventories are about 7% below the five-year average for this time of year.