The Georgia gas price average continues to decline at the pumps compared to a week ago.
Georgians are paying an average of $3.06 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average was eight cents less than a week ago, 19 cents less than a month ago and 51 cents less than this time last year. It costs drivers an average price of $45.90 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $3 less to fill up at the pump than a month ago.
“Gas prices are down significantly in parts of the state,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Low demand post-Labor Day, crude oil prices trending under $70 and no major storms in the gulf threatening refineries keep pump prices low for now.”
Nationally: Falling pump prices keep on giving
Since last Monday, the national average for a gallon of regular gasoline decreased by six cents to $3.27 (subject to change overnight). After idling over the Labor Day weekend, the national average for a gallon of gas resumed its pace of daily declines. Key contributors are low gas demand and the plunging cost of oil, which is struggling to stay above $70 a barrel.
According to new data from the Energy Information Administration, gas demand fell last week from 9.30 million barrels a day to 8.93. Meanwhile, total domestic gasoline stocks rose slightly from 218.4 to 219.2 million barrels, and gasoline production increased last week, averaging 9.7 million daily. Falling gasoline demand and oil costs will likely keep pump prices sliding.
Regional prices
— The most expensive Georgia metro markets are Savannah ($3.19), Hinesville-Fort Stewart ($3.15),and Atlanta ($3.09).
— The least expensive Georgia metro markets are Augusta-Aiken ($2.92), Dalton ($2.91) and Catoosa-Dade-Walker ($2.85).