Monday, June 17, 2024–9:37 a.m.
-AAA South-
Georgia’s gas price average is holding steady at the pump compared to a week ago.
Georgians are paying an average price of $3.28 per gallon for regular unleaded gasoline, which is a penny less than a week ago, 12 cents less than a month ago, and penny less than this time last year.
It costs drivers an average price of $49.20 to fill a 15-gallon tank of regular gasoline. Georgians are now paying approximately $2.00 less to fill up at the pump compared to a month ago.
Local averages on Monday were $3.20 in Floyd County, $3.23 in Gordon County, and $3.26 in both Bartow and Polk Counties.
Chattooga County had the lowest average at $3.13.
“Slack demand, rising supply, and low crude oil prices kept gas prices from rising this week,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, let’s not get too settled into this reprieve. We’ve got the 4th of July coming up soon, and that might pump up gas prices again.”
Nationally:
Despite the Rise in Temperatures, Gas Prices Kept It Cool
Since last Monday, the national average for a gallon of regular gasoline held steady at $3.44. The main reasons are lackluster gasoline demand and burgeoning supply. According to data from the Energy Information Administration (EIA), gas demand crept higher from 8.94 million barrels a day to 9.04 last week. Meanwhile, total domestic gasoline stocks jumped from 230.9 to 233.5 million barrels as production increased last week, averaging 10.1 million barrels per day. Mediocre gasoline demand, increasing supply, and stable oil costs will likely lead to falling pump prices.