Georgia residents are enjoying a small reprieve at the gas pumps as prices have dipped compared to last week. As of Monday, the average price for a gallon of regular unleaded gasoline stands at $2.93, which marks a decrease of 3 cents from the previous week. Despite a slight increase of 3 cents over the past month, this figure is still 10 cents lower than the average price recorded a year ago.

For drivers filling up a standard 15-gallon tank, the cost comes to approximately $43.95, nearly $2.00 less than what they would have paid a year ago. “Declining oil prices, coupled with lukewarm local demand, have allowed fuel prices to retreat from their peak for now,” stated Montrae Waiters, spokeswoman for AAA-The Auto Club Group. “Moreover, with half of winter’s chill behind us, we anticipate fewer unexpected price surges when we refuel.”

On a national scale, drivers are also receiving a slight break at the pump. The national average for a gallon of regular gasoline has decreased by 3 cents to $3.09 since last Monday. Easing oil costs and tepid domestic demand have contributed to this relief. According to data from the Energy Information Administration (EIA), gasoline demand rose from 8.08 million barrels per day to 8.30 million barrels, while total domestic gasoline stocks saw an increase from 245.9 million barrels to 248.9 million barrels. Notably, gasoline production has decreased, averaging 9.2 million barrels daily. In oil market dynamics, West Texas Intermediate (WTI) crude settled at $72.62 a barrel after dropping $1.15 in Wednesday’s trading session. The EIA reported a noteworthy increase of 3.5 million barrels in crude oil inventories from the previous week, bringing the total to 415.1 million barrels. Despite this rise, U.S. crude oil inventories remain approximately 6% below the five-year average for this time of year.

The most expensive Georgia metro markets – are Savannah ($3.00), Valdosta ($2.95), and Hinesville-Fort Stewart ($2.93).

The least expensive Georgia metro markets – are Dalton ($2.88), Albany ($2.87), and Catoosa-Dade-Walker ($2.82).

Area gas price averages – Chattooga ($2.85), Walker ($2.84), Floyd ($2.92), Gordon ($2.86), DeKalb, AL ($2.73), Cherokee, AL ($2.76).