Monday, May 6, 2024–9:35 a.m.
-AAA South-
Georgia gas prices increased at the pump compared to a week ago.
Georgians are paying an average price of $3.46 per gallon for regular unleaded gasoline, which is 7 cents more than a week ago, 13 cents more than a month ago, and 19 cents more than this time last year.
It costs drivers an average price of $ 51.90 to fill a 15-gallon tank of regular gasoline. Georgians are now paying almost $3.00 more to fill up at the pump compared to a year ago.
“Now that the season has shifted and warmer weather graces us across the state, drivers flock to the roads, thereby igniting a rise in gas prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “In the face of persistent conflicts in Ukraine and the Middle East, oil prices have shockingly been receding recently. If this trend continues, we anticipate prices at the pump will follow suit.”
Local averages on Monday were $3.34 in Floyd County, $3.38 in Chattooga County, $3.41 in Polk County, $3.43 in Gordon County, and $3.47 in Bartow County.
When It Comes to Gas Prices, May Has Seen a Sluggish Start
Despite a lull in domestic gasoline demand and falling oil prices, the national average for a gallon of regular gasoline remains $3.65. According to data from the Energy Information Administration (EIA), gas demand rose slightly from 8.42 million barrels a day to 8.62 last week. Meanwhile, total domestic gasoline stocks increased by .4 million barrels to 227.1 million barrels. Tepid demand, increasing supply, and falling oil prices could lower pump prices in the coming weeks.
Money-Saving Tips for Drivers
- Shop around for gas prices. Drivers can check area gas prices on the Fuel Price Finder.
- Consider paying in cash vs. a credit card. Some retailers charge extra per gallon for customers who pay with a credit card.
- Enroll in fuel savings programs.
Fuel-Saving Tips for Drivers
- Maintain your vehicle to ensure the best fuel economy. Find a trusted automotive facility at AAA.com/Auto Repair.
- Combine errands to limit driving time.
- Slow down. Fuel economy diminishes significantly at highway speeds above 50 mph. Drive conservatively and avoid aggressive driving. Aggressive acceleration and speeding reduce fuel economy.