AAA: Gas prices increase slightly, focus now turns to Hurricane Watch
From AAA Media Services
Georgia gas prices have increased slightly at the pump compared to a week ago.
Georgia motorists are now paying an average price of $1.99 per gallon for regular unleaded gasoline. Monday’s state average is 1 cent more than a week ago, 1 cent less than last month, and 43 cents less than this time last year.
It now costs motorists $29.85 to fill a 15-gallon tank of gasoline; that is $11.25 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.
Coweta County’s average price for regular unleaded gasoline today is $1.97, neighboring Fayette County is $1.99.
Georgia’s most expensive metro markets for gas today are Savannah ($2.07), Brunswick ($2.05) and Valdosta ($2.02). The least expensive metro markets in the state are Catoosa-Dade-Walker ($1.90), Rome ($1.92) and Gainesville ($1.93).
“Gasoline stocks hit their lowest level since the pandemic began and demand dipped on the week, down to 8.6 million barrels a day,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “These decreases typically lead to cheaper pump prices, but this summer we’ve seen atypical gas price trends.”
This week the market is watching Tropical Storms Marco and Laura. Marco, whose force is decreasing and is expected to be a tropical depression late on Tuesday, is less of a concern. However, Laura is forecasted to move into the southeastern Gulf of Mexico and become a hurricane by early Tuesday.
According to the U.S. Department of Interior’s Bureau of Safety and Environmental Enforcement, approximately 58 percent, or 1.065 million barrels a day, of crude production in the Gulf of Mexico has been shuttered ahead of the storms and 114 (18%) platforms evacuated.
While gasoline stocks remain at a healthy level, if platforms and rigs are offline for an extended amount of time, supply could tighten and gas prices could be impacted. AAA will continue to monitor activity and provide related gas price updates.
Georgia Gas Prices
- Most expensive Georgia metro markets – Savannah ($2.07), Brunswick ($2.05) and Valdosta ($2.02).
- Least expensive Georgia metro markets – Catoosa-Dade-Walker ($1.90), Rome ($1.92) and Gainesville ($1.93).