shutterstock 560890105AtThePump

Georgia gas prices drop five cents

Georgia motorists are now paying an average price of $2.54 per gallon for regular unleaded. Monday's state average is 5 cents less than a week ago, 14 cents more than this time last month, and 18 cents less than this time last year. It now costs $38.10 to fill a 15-gallon tank with gasoline. That is $4.50 less than what motorists paid in May of 2018, when pump prices hit their peak of $2.84 per gallon.

Regional gas prices range from Georgia’s most expensive metro markets–Atlanta ($2.61), Gainesville ($2.58), and Athens ($2.58) to least expensive markets–Catoosa-Dade-Walker ($2.35), Augusta-Aiken ($2.40), and Dalton ($2.41).                                        

The national average price for regular unleaded gasoline is $2.65 per gallon, which is one cent less than a week ago, seven cents more than a month ago, and 22 cents less than a year ago. Pump prices are continuing to stabilize for the majority of motorists, following the release of new data from the Energy Information Administration (EIA). In its report for the week ending on September 20, EIA’s data revealed that total domestic gasoline stocks grew by 500,000 bbl to 230.2 million bbl. Imports of gasoline, which surged from 500,000 b/d to 800,000 b/d last week, helped domestic gas stocks to grow.

Submitted by AAA of Georgia

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