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Gas prices hold steady

Monday, June 3, 2024–9:15 a.m.

-AAA South-

Georgia gas prices held steady at the pump last week.

Georgians are paying an average price of $3.36 per gallon for regular unleaded gasoline which is the same as a week ago, but 10 cents less than a month ago, and 7 cents more than this time last year. 

It costs drivers an average price of $50.40 to fill a 15-gallon tank of regular gasoline. Georgians are now paying almost $2.00 less to fill up at the pump compared to a month ago.

Local averages on Monday were $3.27 in Floyd County, $3.28 in Polk County, $3.30 in Gordon County, and $3.34 in Bartow County.

Chattooga County had the lowest average at $3.18 a gallon.

“Georgia gas prices saw minimal or no change at the pumps across the state,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. With the Memorial Day travel weekend now in our rearview mirror, it appears that gas prices are steadfastly continuing their gradual descent. But heads up, June 1st kicked off the Atlantic Hurricane season and it’s going to be a busy one. If a storm hits the Gulf Coast, where lots of oil is produced and refined, we could see a spike in prices.”

Pump Prices Keep Sliding as the Atlantic Hurricane Season Looms

Since last Monday, the national average for a gallon of regular gasoline has decreased by 6 cents to $3.53 (subject to change overnight). The primary reasons are tepid demand and a lower oil price. According to data from the Energy Information Administration (EIA), gas demand fell slightly from 9.31 barrels a day to 9.14 last week. Meanwhile, total domestic gasoline stocks rose from 226.8 to 228.8 million barrels. Lower gasoline demand, increasing supply, and falling oil costs could lead to pump price decreases.