November 1st, 2022 – 3:15 PM
Press Release –
Georgia gas prices continue to decline. Georgia drivers are now paying an average price of $3.15 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 5 cents less than a week ago, 3 cents less than a month ago, and 9 cents less than this time last year. It now costs $47.25 to fill a 15-gallon tank of regular gasoline. Drivers are now paying almost $2.00 less to fill up at the pump compared to a year ago.
“Georgians may not experience price reductions at the grocery store due to inflation but can definitely appreciate savings at the pump,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “As long as demand remains low and there is no uptick in crude oil prices, drivers may continue to see savings at the pump.”
National Average Continues to Fall as Gas Demand Remains Low
Since last Monday, the national average for a gallon of regular gasoline has decreased by 3 cents to $3.76 (subject to change overnight). According to data from the Energy Information Administration (EIA), gas demand rose slightly from 8.68 million barrels a day to 8.93 million barrels a day and total domestic gasoline stocks decreased from 209.4 million barrels to 207.9 million barrels. Although gasoline demand was up slightly, it is still nearly 400,000 barrels lower than this same time last year. Fluctuating oil prices and low demand are contributing to the national average moving downward. If demand stays low, as oil prices slide, drivers should see pump prices come down through the week.
Regional Prices:
Atlanta- $3.16
Most expensive Georgia metro markets – Hinesville-Fort Stewart ($3.26), Brunswick ($3.25) and Savannah ($3.24).
Least expensive Georgia metro markets – Rome ($3.05), Albany ($3.04) and Gainesville ($3.03).
Area gas price averages – Chattooga ($3.01), Floyd ($3.04), Walker ($3.11), Gordon ($3.04), DeKalb, AL ($3.29), Cherokee, AL ($3.22)