Georgia drivers are experiencing a stable week at the pumps, with the average price for a gallon of regular unleaded gasoline holding firm at $2.90. This consistency offers continued relief as summer travel continues, with current prices significantly lower than a year ago.

Monday’s statewide average price remains unchanged from a week ago. While it is 4 cents higher than a month ago, it stands out as a substantial 49 cents lower than the price Georgians were paying a year ago. This translates to noticeable savings for motorists, with the average cost to fill a 15-gallon tank now $43.50 – nearly $8.00 less than the same time last year.

“Drivers are getting a break at the pump this summer,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “It’s been four years since gas prices have been this low nationally during this season, primarily due to strong supply in the oil market. Keep in mind that prices remain unpredictable due to factors like oil market volatility and seasonal demand shifts.”

National Trends Mirror 4-Year Lows

Nationally, the average price for a gallon of regular gasoline has seen a slight increase of 1 cent since last Monday, now settling at $3.15. Despite this minor uptick, the summer season continues to offer significant relief to drivers across the country, with current gas prices aligning with levels last seen in July 2021. This marks the first time in four years that the national average for summer gas prices has reached such lows, largely attributed to an ample supply in the global oil market.

According to new data from the Energy Information Administration (EIA), gasoline demand saw an increase last week, rising from 8.64 million barrels a day to 9.15 million barrels a day. Concurrently, total domestic gasoline supply experienced a slight decrease, moving from 232.1 million barrels to 229.5 million barrels.

In the broader oil market, West Texas Intermediate (WTI) crude, a key benchmark, saw a modest increase of 5 cents at the close of last Wednesday’s formal trading session, settling at $68.38 a barrel. The EIA also reported that crude oil inventories increased by 7.1 million barrels from the previous week. Despite this gain, U.S. crude oil inventories, at 426 million barrels, are still about 8% below the five-year average for this time of year.

Gas Price Averages

The most expensive metro markets in Georgia are Savannah ($3.00), Atlanta ($2.92), and Hinesville-Fort Stewart ($2.89).

The least expensive metro markets in Georgia are Dalton ($2.84), Catoosa-Dade-Walker ($2.81), and Rome ($2.79).

Area gas price averages by county are Chattooga ($2.81), Walker ($2.83), Floyd ($2.78), Gordon ($2.83), DeKalb, AL ($2.75), Cherokee, AL ($2.76).