Gas prices decrease slightly in past week

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From AAA Media Services

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

Georgia motorists are now paying an average price of $4.47 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 1 cent less than a week ago, 34 cents more than last month, and $1.58 more than this time last year. 

It now costs motorists $67.05 to fill a 15-gallon tank of regular gasoline. Paying nearly $24.00 more at the pump than last year.

Locally, the average cost for a gallon of regular unleaded in Coweta County is $4.533, about six cents higher than the state’s average. Lowest gas prices on Monday, according to GasBuddy, is $4.25 at Costco, followed by $4.28 at Sam’s Club, $4.29 at BJ’s Club, $4.39 at Pilot and $4.49 at Kroger, RaceTrac and QuikTrip.

The national average price is $4.981 per gallon.

“Georgia statewide pump price averages have managed to hold steady for the past few days,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Unfortunately, we can’t predict if gas prices will decline this week, but should be prepared to deal with price fluctuations at the pump for the rest of the summer.”

Regional Prices

Most expensive Georgia metro markets – Brunswick ($4.55), Atlanta ($4.52) and Savannah ($4.48).

Least expensive Georgia metro markets – Catoosa-Dade-Walker ($4.31), Warner Robins ($4.33) and Albany ($4.34).  

Prices at the Pump Ease as Gasoline Demand Dips

Since last Monday, the national average for a gallon of regular gasoline has decreased by 3 cents to $4.98 (subject to change overnight). According to information from the Energy Information Administration (EIA), total domestic gasoline stocks fell by 700,000 barrels to 217.5 million barrels last week. Meanwhile, gasoline demand declined slightly from 9.2 million barrels a day to 9.09 million barrels a day. The slight drop in gas demand has helped to limit pump price increases. However, as crude oil prices remain volatile, the price per gallon for gasoline will likely remain elevated.

At the close of last Wednesday’s formal trading session, West Texas Intermediate (WTI) decreased by $3.62 to settle at $115.31. Slower than expected economic growth could cause crude demand to decline, leading prices to follow suit.

County gas price map of Georgia for Monday, June 20, 2022.

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