Monday, Apr. 17, 2023–9:14 a.m.
-David Crowder, WRGA News-
Georgia’s gas price average increased at the pump compared to a week ago.
Georgia drivers are now paying an average price of $3.39 per gallon for regular unleaded gasoline.
Monday’s state average is 2 cents more than a week ago, 15 cents more than a month ago, and 31 cents less than this time last year.
It now costs $50.85 to fill a 15-gallon tank of regular gasoline. Drivers are now paying almost $5.00 less to fill up at the pump compared to a year ago.
Local averages on Monday were $3.36 in Floyd County, $3.35 in Gordon County, $3.34 in Bartow County, $3.32 in Polk County, and $3.44 in Chattooga County.
“Oil prices have crept higher, helping to drive prices at the pump uphill,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “As long as oil costs remain at the current level, Georgians will likely see incremental price increases for now.”
Pump Prices Edge Higher for Now
Since last Monday, the national average for a gallon of regular gasoline has increased by 6 cents to $3.66 (subject to change overnight).
According to data from the Energy Information Administration (EIA), gas demand decreased from 9.3 to 8.94 million barrels a day.
Meanwhile, total domestic gasoline stocks dropped slightly by 400,000 barrels to 222.2 million barrels.
Lower demand would typically push pump prices down; instead, elevated oil prices have pushed them higher.
If oil prices continue to rise, pump prices will follow suit.