Monday, August 12, 2024–10:50 a.m.
-AAA South-
Georgia gas prices dropped by five cents compared to a week ago.
Georgians are paying an average price of $3.23 per gallon for regular unleaded gasoline, which is also 16 cents less than a month ago and 41 cents less than this time last year.
It costs drivers an average price of $48.45 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $3.00 less to fill up at the pump compared to a month ago.
“Students have returned to schools across Georgia, and parents find themselves constantly on the move, with their gas tanks depleting faster than normal, so it was a welcome relief over the weekend when fuel prices dipped at the pumps as if to celebrate the season of back-to-school,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Modest crude oil prices and minimal demand keep the cost of gas at an idyllic low.”
Local averages on Monday were $3.12 in Floyd County, $3.09 in Gordon County, $3.11 in Bartow County, $3.06 in Chattooga County, and $3.20 in Polk County.
Nationally
Gas Prices Fall as Summer Vacations Wind Down
Since last Monday, the national average for a gallon of regular gasoline decreased by 3 cents to $3.44 (subject to change overnight).
According to new data from the Energy Information Administration (EIA), gas demand fell from 9.25 million barrels a day to 8.96 last week. Meanwhile, total domestic gasoline stocks rose from 223.8 to 225.1 million barrels. Gasoline production increased last week, averaging 10.0 million barrels per day. Crude oil production hit an all-time high of 13.4 million barrels per day. Lower gasoline demand, rising supply, and stable oil costs may lead to additional sliding pump prices.