Gas Prices Drop in Georgia

News Summary

Gas prices in Georgia have decreased to an average of $2.89 per gallon for regular unleaded fuel, marking a 2-cent drop from last week. This decline is attributed to seasonal changes and an abundance of crude oil supply, which has outpaced demand. While some cities like Savannah experience higher prices at $3.05, areas such as Rome enjoy lower prices at $2.76. Overall, drivers are finding relief at the pump, with costs nearly $2.00 less than a year ago, easing financial burdens for many.

Atlanta, Georgia – Gas prices in Georgia have seen a welcome decrease, now averaging $2.89 per gallon for regular unleaded fuel. This represents a 2-cent drop from last week, 3 cents lower than a month ago, and 8 cents lower than the same time last year. For drivers filling a typical 15-gallon tank, the average cost is approximately $43.35, almost $2.00 less than what was paid a year ago.

Factors contributing to this decline in gas prices include seasonal shifts and market changes. Cooler weather combined with lower demand for gasoline has led to this positive transition for consumers. Data indicates that there is currently an abundance of crude oil supply that is surpassing the demand, leading to lower pricing.

Additionally, as the industry transitions to winter-blend gasoline, which is cheaper to produce, gas prices are also affected downward. The national average price of gasoline has decreased, now standing at $3.17 per gallon. USA-wide gasoline demand has dropped significantly from 9.11 million barrels per day to around 8.50 million barrels per day, while domestic gasoline supply has simultaneously increased from 218.5 million barrels to 220 million barrels.

While the production of gasoline has seen a slight decline, averaging 9.6 million barrels per day, this reduced production is currently outpaced by the increase in available supply and decrease in demand. In Atlanta, the price for gasoline aligns with the statewide average at $2.89 per gallon. Other cities in Georgia show a varied pricing landscape, with Savannah being the highest at $3.05, followed by Macon at $2.94 and Columbus at $2.90. Conversely, drivers in Gainesville enjoy lower prices at $2.84, with Catoosa-Dade-Walker at $2.82, and Rome at $2.76 representing the least expensive markets in the state.

The information regarding fuel prices is gathered by AAA through surveys conducted at as many as 130,000 stations, analyzing credit card transactions and direct feeds to ensure accuracy. This data is updated daily, with methodology relying on collaboration between the organization and entities like the Oil Price Information Service and Wright Express.

Regional price fluctuations can occur due to several factors including supply chain issues, seasonal changes, and shifts in crude oil pricing. As gas prices continue to adjust, consumers are encouraged to engage in money-saving practices at the pump and to prioritize safety by practicing awareness, notably by moving over for disabled vehicles on the roadside.

With gas prices dropping steadily, Georgia drivers are experiencing some relief, easing the financial burden associated with refueling their vehicles during this time of year.

Deeper Dive: News & Info About This Topic

• WSB Radio: Gas Prices Dip in Metro Atlanta
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• 11Alive: Georgia Gas Prices Average Jumps Last Week
• Encyclopedia Britannica: Gasoline
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• Google News: Gas Prices Georgia