AAA: GEORGIA’S GAS PRICE AVERAGE IS ROLLING DOWN HILL

Media release from AAA – The Auto Club Group:

The Georgia gas price average decreased at the pumps compared to a week ago. Georgians now pay an average price of $2.86 per gallon for regular unleaded gasoline, which can change overnight. Monday’s state average is 2 cents lower than it was a week ago, 4 cents lower than it was a month ago, and 43 cents lower than it was a year ago. It costs drivers an average of $42.90 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $7.00 less to fill up at the pump than a year ago.

“Georgia pump prices keep on giving, which is great news for drivers heading into the summer driving season,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Remember, we’re still at the front end of hurricane season, and a sudden storm could bump up oil prices, causing gas prices to increase.”

Nationally:

Gas Prices on Cruise Control

Since last Monday, the national average price for a gallon of regular gasoline has decreased by 2 cents to $3.12, subject to change overnight. The summer driving season is underway, and while gas prices typically peak this time of year, drivers are getting a reprieve. Pump prices are 36 cents cheaper than last June, thanks to this year’s consistently low crude oil prices. Currently, the oil supply in the market is outweighing demand. June gas prices haven’t been this low since 2021.  

According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 9.45 million barrels a day last week to 8.26. Total domestic gasoline supply increased from 223.1 million barrels to 228.3. Gasoline production decreased last week, averaging 9 million barrels per day.  

Oil Market Dynamics

At the close of last Wednesday’s formal trading session, WTI fell 56 cents to settle at $62.85 a barrel. The EIA reports that crude oil inventories decreased by 4.3 million barrels from the previous week. At 436.1 million barrels, U.S. crude oil inventories are about 7% below the five-year average for this time of year. 

Electric:

Meanwhile, the national average per kilowatt-hour of electricity at a public EV charging station remained unchanged this past week at 36 cents. Drivers can find electric charging prices along their route using the AAA TripTik Travel Planner.

Regional Prices:

The most expensive metro markets in Georgia are Savannah ($2.98), Valdosta ($2.89), and Atlanta ($2.88).

The least expensive metro markets in Georgia areAlbany ($2.80), Dalton ($2.78), and Warner Robins ($2.75).

Current and Past Price Averages (Regular Unleaded Gasoline) 

SundaySaturdayWeek AgoMonth AgoOne Year AgoRecord High
National$3.12$3.13$3.14$3.15 $3.45  $5.01 (6/14/2022)
Georgia$2.86 $2.87 $2.88 $2.90$3.29$4.49  (6/15/2022)
Click here to view current gasoline price averages

AAA encourages drivers to use the money-saving gas tips listed below.

Money-Saving Tips for Drivers

  • Shop around for gas prices. Drivers can check area gas prices on the Fuel Price Finder.
  • Consider paying in cash instead of using a credit card. Some retailers charge extra per gallon for customers who use a credit card.
  • Enroll in fuel savings programs

Fuel-Saving Tips for Drivers

  • Maintain your vehicle to ensure the best fuel economy. Find a trusted automotive facility at AAA.com/Auto Repair.
  • Combine errands to minimize driving time.
  • Slow down. Fuel economy diminishes significantly at highway speeds above 50 mph. Drive conservatively and avoid aggressive driving. Aggressive acceleration and speeding can reduce fuel economy.

Traffic Safety Tip: AAA-The Auto Club Group “Move Over For Me” Campaign

“Drivers, if you see a disabled vehicle on the roadside while traveling, be courteous and Move Over,” said Waiters. “Remember, the person who broke down could be you, a friend, a family member, a coworker, or a neighbor. Move Over for the safety of others and because it is the right thing to do!”

VideoMove Over For Me PSA

Gas Price Survey Methodology

AAA updates fuel price averages daily atwww.GasPrices.AAA.comEvery day, up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.