AAA: GEORGIA GAS PRICES CONTINUE TO DECLINE

Georgia’s gas prices continue to decline, reports AAA, The Auto Club Group.  Motorists statewide are now paying an average of $2.38 per gallon of regular unleaded, two cents less than a week ago, 17 cents less than at the same time last month and 34 cents less than at the same time last year.

It now costs $35.70 to fill a 15-gallon tank of gasoline.  That’s $6.90 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.

AAA spokeswoman Montrae Waiters says, “If crude inventories remain high, especially as gasoline demand drops with the fall driving season, Georgia pump prices could continue to decrease.”

The Energy Information Administration (EIA) reported a drop in US gasoline stocks last week as demand fell. Lower demand, even with the reduced stock, will likely drive the price at the pump lower.

Sunday’s national average of $2.56 a gallon of regular unleaded gasoline was one cent less than a week ago, 12 cents less than at the same time last month  and 28 cents less than this time last year.