The Georgia gas price average increased at the pump compared to a week ago.
Drivers are paying an average price of $3.33 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average was one cent more than a week ago, one cent less than a month ago and three cents more than this time last year. It costs drivers an average price of $49.95 to fill a 15-gallon tank of regular gasoline. Georgians are now paying 45 cents less to fill up at the pump compared to a year ago.
“Pump fees typically hike during spring, due to high demand and pricier summer fuel blends,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, rising crude oil prices and declining inventories may signal higher gas prices for drivers in the coming weeks.”
Storm clouds abroad have gas prices on edge
Since last Monday, the national average for a gallon of regular gasoline has increased by six cents to $3.59 (subject to change overnight). A pop in domestic gasoline demand and oil prices rising to the mid-$80s per barrel continue to impact gas prices nationally.
According to data from the Energy Information Administration, gas demand rose from 8.72 to 9.23 million barrels a day last week. Meanwhile, total domestic gasoline stocks decreased by 4.2 million barrels to 227.8 million barrels. Higher demand and rising oil prices will likely nudge pump prices higher.