Monday, December 18, 2023–9:13 a.m.
-AAA South-
Georgia’s gas price average decreased again at the pump with drivers now paying an average price of $2.96 per gallon for regular unleaded gasoline.
Monday’s state average is 7 cents less than a week ago, 12 cents more than a month ago, and 17 cents more than this time last year.
It now costs an average of $44.40 to fill a 15-gallon tank of regular gasoline.
Georgians are now paying $2.55 more to fill up at the pump compared to a year ago.
“AAA is forecasting that 3.3 million Georgians will drive to their holiday destinations this year, and we anticipate gas prices will continue a downward trend,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “With pump prices falling slowly each day, it is likely that the national average will slide below $3 per gallon by the end of the year.”
Local averages on Monday were
Early Christmas Gift, Lower Gas Prices
Since last Monday, the national average for a gallon of regular gasoline has decreased by 9 cents to $3.06 (subject to change overnight). The main reasons are tepid demand and a low cost for oil, which is hovering around $70 per barrel. According to data from the Energy Information Administration (EIA), gas demand increased from 8.47 to 8.86 million barrels a day last week. Meanwhile, total domestic gasoline stocks increased slightly to 224 million barrels. Typically, higher demand would push pump prices higher, but lower oil prices have pushed prices lower. If oil prices remain low, drivers can expect pump prices to do the same during the holiday season.