Georgians are seeing a continued trend of stable, slightly decreasing gasoline prices at the pump as the first full week of August gets underway. The average price for a gallon of regular unleaded gasoline across the state currently stands at $2.90, a figure that remains highly susceptible to overnight fluctuations.

Monday’s state average is 1 cent lower than it was a week ago and also 1 cent lower than a month ago. More significantly, drivers are paying 33 cents less per gallon compared to this time last year. For a typical 15-gallon tank of regular gasoline, Georgians are now spending an average of $43.50 to fill up, nearly $5.00 less than they would have paid a year ago for the same amount.

“Gas prices have remained relatively steady because crude oil is holding in the mid $60s,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Since crude makes up nearly half of what drivers pay at the pump, that stability is keeping prices from moving much.”

This trend mirrors the national picture, where pump prices are also holding steady as August kicks off. The national average gas price has decreased by 2 cents since last Monday, settling at $3.13 per gallon. Like Georgia, this national average may fluctuate overnight.

The consistent crude oil prices in the mid-$60s per barrel are a key factor in keeping pump prices stable. Supply remains abundant, bolstered by recent announcements from OPEC+, a group of oil-producing countries, which plans to boost production again next month following several increases earlier this year.

According to new data from the Energy Information Administration (EIA), gasoline demand saw a slight decrease last week, dropping from 9.15 million barrels a day to 9.04 million. Total domestic gasoline supply also dipped marginally from 228.4 million barrels to 227.1 million barrels. Gasoline production decreased last week as well, averaging 9.8 million barrels per day.

These combined factors of stable crude oil prices, ample supply, and slightly reduced demand are contributing to the current period of relative calm at the gas pump for drivers across Georgia and the nation.

The most expensive metro markets in Georgia are Savannah ($3.01), Hinesville-Fort Stewart ($2.96), and Macon ($2.91).

The least expensive metro markets in Georgia areWarner Robins ($2.83), Rome ($2.82), and Catoosa-Dade-Walker ($2.78).

Area gas price averages are Chattooga ($2.82), Walker ($2.79), Floyd ($2.82), Gordon ($2.82), DeKalb, AL ($2.66), Cherokee, AL ($2.76).