Georgians started the new month by seeing continued relief at the pump, as the average price for regular unleaded gasoline dropped further over the weekend of November 1–2. This continued downward trajectory is primarily attributed to robust global oil production, which has kept supply ahead of demand and pushed crude prices lower.

As of Monday, the average price for a gallon of gasoline in Georgia stands at $2.78, according to AAA – The Auto Club Group. This price is down 1 cent from last week, a significant 13 cents cheaper than last month, and 16 cents lower than prices recorded one year ago.

This stability means tangible savings for local drivers. Filling a typical 15-gallon tank now costs approximately $41.70, roughly $3 less than it did at this time last year.

Montrae Waiters, spokeswoman for AAA-The Auto Club Group, emphasized the positive impact on daily life for commuters. “Every dollar saved at the pump gives Georgia commuters more control over their day, less stress, more miles, and a smoother ride to work,” Waiters said.

Supply Outpaces Demand

The core reason for the sustained price reduction stems from the global energy market. Increased oil production from key players, including the United States and the OPEC+ alliance, has ensured that crude supply has outpaced current demand levels. This dynamic has lowered the wholesale cost of crude oil, easing the financial burden passed on to consumers at the gas pump.

National Prices Follow Suit

The price relief experienced in Georgia mirrors a broader national trend as October wraps up. The national average for a gallon of regular gasoline has dropped to $3.03, continuing its decline from previous weeks.

While the primary market driver remains the supply of crude oil, recent data from the Energy Information Administration (EIA) indicates a slight increase in consumer activity. Gasoline demand nationally increased from 8.45 million barrels a day last week to 8.92 million.

However, the EIA also reported a short-term tightening of inventory, with total domestic gasoline supply decreasing from 216.7 million barrels to 210.7 million. Despite this minor inventory fluctuation, the sustained pressure from lower crude costs has so far outweighed the slight increase in short-term demand, keeping prices subdued across the Southeast.

Gas Price Averages

The most expensive metro markets in Georgia are Savannah ($2.93), Macon ($2.82), and Atlanta ($2.80).

The least expensive metro markets in Georgia are Dalton ($2.69), Catoosa-Dade-Walker ($2.67), and Rome ($2.66).

Area gas price averages are Chattooga ($2.63), Walker ($2.66), Floyd ($2.67), Gordon ($2.68), DeKalb, AL ($2.56), Cherokee, AL ($2.60).