Georgia gas prices continued to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.25 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average was 9 cents less than a week ago, 28 cents more than a month ago, and 8 cents less than this time last year. It now costs $48.75 to fill a 15-gallon tank of regular gasoline. Drivers are now paying at least $1.00 less to fill up at the pump compared to a year ago.

Since last Monday, the national average for a gallon of regular gasoline has decreased by 6 cents to $3.41. According to data from the Energy Information Administration, gas demand dipped slightly from 8.49 million to 8.43 million barrels a day last week. The current gas demand rate is approximately 700,000 barrels a day lower than the rate during the first week of February 2022, helping to explain why gas prices are declining. Meanwhile, total domestic gasoline stocks increased significantly by 5 million barrels to 239.6 million barrels. If gas demand remains low amid growing total domestic stocks, pump prices may drop further.

Area gas price averages – Chattooga ($3.o8), Floyd ($3.21), Walker ($3.15), Gordon ($3.11), DeKalb, AL ($3.11), Cherokee, AL ($2.97)