Monday, June 10, 2024–10:40 a.m.
-AAA South-
Georgia gas prices decreased at the pump compared to a week ago.
Georgians are paying an average price of $3.29 per gallon for regular unleaded gasoline which is 7 cents less than a week ago, and 14 cents less than a month ago, but 2 cents more than this time last year.
It costs drivers an average price of $49.35 to fill a 15-gallon tank of regular gasoline. Georgians are now paying approximately $2.00 less to fill up at the pump compared to a month ago.
Local averages on Monday were $3.17 in Floyd County, $3.19 in Gordon County, $3.21 in Bartow County, $3.07 in Chattooga County, and $3.25 in Polk County.
“The drop in gas prices is a welcome relief to Georgians,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “With crude oil prices remaining low, an abundance of gas supply, and meager demand, all keep fuel costs low. But let’s not get too comfortable, the summer travel season is just around the corner, and that could mean our gas prices may go back up.”
Drop in Pump Prices Accelerates as Summer Approaches
Gasoline prices took another trip south this week. Since last Monday, the national average for a gallon of regular gasoline decreased by 9 cents to $3.44 (subject to change overnight). This drop in pump prices seems to hold a firm, robust grip for now. According to data from the Energy Information Administration (EIA), gas demand dipped from 9.14 barrels a day to 8.94 last week. Meanwhile, total domestic gasoline stocks jumped from 228.8 to 230.9 million barrels. Tepid gasoline demand, increasing supply, and falling oil costs will likely lead to falling pump prices.
