Monday, July 15, 2024–8:14 a.m.
-AAA South-
Georgia gas prices are on the rise.
The statewide average is $3.39 per gallon for regular unleaded gasoline is 7 cents more than a week ago, 10 cents more than a month ago, and 11 cents more than this time last year.
It costs drivers an average price of $50.85 to fill a 15-gallon tank of regular gasoline. Georgians are now paying almost $2.00 more to fill up at the pump compared to a year ago.
Local averages on Monday were $3.32 in Floyd County, $3.33 in Gordon County, $3.36 in Polk County, and $3.37 in Bartow County.
Chattooga County once again had the lowest average at $3.24.
“Fuel prices across the nation have edged higher in the last week, spurred on by the steady climb in oil prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “At present, much like the unpredictable nature of the wind itself, we can anticipate possible fluctuations with prices at the pumps slightly climbing upwards. However, as we steer closer towards August and the height of the hurricane season, there is a threat that gas prices could swell momentarily if a turbulent storm were to strike in an unfortunate location.”
Despite a Hurricane and Record Holiday Travel, Gas Prices Barely Budge
Since last Monday, the national average for a gallon of regular gasoline has increased by 2 cents to $3.52(subject to change overnight). The slight nudge higher came despite Hurricane Beryl smacking into the coast of Texas, a record number of July 4th car travelers, and oil costs hovering above $80 per barrel.
According to new data from the Energy Information Administration (EIA), gas demand dipped from 9.42 million barrels daily to 9.39 last week. Meanwhile, total domestic gasoline stocks fell from 231.7 to 229.7 million barrels, while gasoline production increased last week, averaging 10.3 million barrels daily. Tepid gasoline demand and waffling oil costs may lead to some short-term stability in pump prices.
