AAA: Gas price average dropping slightly in Georgia

From AAA Media Services, Staff Reports

ATLANTA — Georgia gas prices decreased at the pump compared to a week ago.

Georgia drivers are now paying an average price of $3.988 per gallon for regular unleaded gasoline (subject to change overnight). Wednesday’s state average is 21 cents less than a week ago, 51 cents less than last month, and $1.01 more than this time last year. 

It now costs $60.60 to fill a 15-gallon tank of regular gasoline. Drivers are paying an average of $16.05 more at the pump than last year.

In Coweta County, today’s average cost per gallon is $4.007 according to AAA. GasBuddy.com says the lowest price in Coweta is at Sam’s Club with a price of $3.58, next lowest is Costco’s at $3.59, then BJ’s Club at $3.61. QuikTrip, RaceTrac and Kroger are listing their gas prices for regular unleaded at $3.99 today.

“The decrease in demand, alongside declining oil prices, has helped to lower gas prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “As these supply/demand dynamics hold, drivers will likely continue to see relief at the pump.”

Regional Prices

Most expensive Georgia metro markets – Atlanta ($4.13), Hinesville-Fort Stewart ($4.12) and Athens ($4.11).

Least expensive Georgia metro markets – Warner Robins ($3.72), Albany ($3.74) and Valdosta ($3.79). 

Money-Saving Tips for Drivers

• Shop around for gas prices. Drivers can check area gas prices on the AAA Mobile App.
• Consider paying in cash vs. credit card. Some retailers charge extra per gallon for customers who pay with a credit card.
• Enroll in fuel savings programs.

Fuel-Saving Tips for Drivers

• Maintain your vehicle to ensure optimal fuel economy. Find a trusted automotive facility at AAA.com/AutoRepair.
• Combine errands to limit driving time.
• Slow down. Fuel economy diminishes significantly at highway speeds above 50 mph.
• Drive conservatively and avoid aggressive driving. Aggressive acceleration and speeding reduces fuel economy.

Decline in Gas Demand Drives Pump Prices Lower

Since last Monday, the national average for a gallon of regular gasoline has decreased by 15 cents to $4.53 (subject to change overnight). According to the Energy Information Administration (EIA), gas demand dropped from 9.41 million barrels a day to 8.06 million barrels a day last week, while total domestic gas stocks increased by 5.8 million barrels.

At the close of last Wednesday’s formal trading session, WTI increased by 46 cents to settle at $96.30 Although crude prices increased slightly due to the market expecting demand to remain robust throughout summer, longer-term market concerns about the potential for a recession due to rising interest rates and inflation created headwinds for oil prices last week. Declining crude demand, due to reduced economic activity or continuing COVID-19-related lockdowns in China, could continue the downward trend of gas prices. 

Georgia Gas Price Map per AAA.