Georgia drivers are enjoying a slight reprieve at the gas pump this week, with average prices for regular unleaded gasoline falling to $2.88 per gallon.
This figure, which is always subject to change, represents a decrease of 4 cents compared to last week, 11 cents compared to last month, and a significant 53 cents compared to this time last year. Filling a 15-gallon tank now costs Georgia motorists an average of $43.20, saving them nearly $8 compared to a year ago. “Crude oil continues to trend under $80 a barrel, and demand appears to have slowed down, contributing to lower pump prices,” stated Montrae Waiters, AAA-The Auto Club Group spokeswoman.
The national average is also showing a downward trend, with prices decreasing by 3 cents since last Monday to $3.13 per gallon. A key factor in this decline is a drop in gasoline demand, as reported by the Energy Information Administration (EIA). Demand fell from 9.09 million barrels a day last week to 8.71 million. Total domestic gasoline supply saw a minor increase, rising from 225.5 million barrels to 225.7. Adding to the positive outlook, OPEC+ announced plans to increase output again in June. This move is expected to widen the supply surplus and potentially cause crude prices to fall further, which could lead to even lower gas prices for summer road trippers across the nation.
The most expensive metro markets in Georgia are Savannah ($2.96), Macon ($2.92), and Atlanta ($2.91).
The least expensive metro markets in Georgia areAugusta-Aiken ($2.77), Dalton ($2.74), and Catoosa-Dade-Walker ($2.72).
Area gas price averages – Chattooga ($2.75), Walker ($2.75), Floyd ($2.80), Gordon ($2.80), DeKalb, AL ($2.75), Cherokee, AL ($2.66).
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