Good news for drivers in Georgia. For now. Gas prices declined at the pump compared to a week ago -- and are 14 cents less than this time last year.
Georgia drivers are now paying an average of $2.64 per gallon for regular unleaded. Motorists are paying an average of $39.60 for a full 15-gallon tank of gasoline; a discount of $3.00 from when prices were their highest last May.
“The drop in gasoline prices could be a result of recent unpredictable weather in the Rockies and the Midwest,” said Montrae Waiters, spokesperson, AAA – The Auto Club Group. “However, with summer on the horizon, motorists should not be surprised if pump prices increase during the run-up to Memorial Day.”
Dramatic Drop in Gas Demand Pushes Pump Prices Down
The national average price for regular unleaded gasoline is $2.859 per gallon, which is two cents less than last week, two cents more than a month ago, and six cents less than a year ago.
The Energy Information Administration’s latest demand reading for gasoline dropped to 9.1 million b/d, a level typically seen in the fall or winter. The drop is approximately 800,000 b/d lower than the previous week and 400,000 b/d lower than this time last year. In fact, a reading this low hasn’t been seen for early May since 2015.
Most expensive metro markets – Atlanta ($2.69), Hinesville- Fort Stewart- Savannah ($2.67).
Least expensive metro markets – Catoosa-Dade- Walker ($2.47).