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Thursday October 18th, 2018 2:15AM

Georgia gas prices continue downward trend, gas at $2.04 a gallon

By Alyson Shields Reporter

Gas prices have fallen three cents per gallon in the past week, averaging to $2.04 a gallon Sunday. That's according to the latest daily survey from GasBuddy.

The national average has fallen just under three cents to $2.22 a gallon. GasBuddy said in a press release that prices Sunday were 15.4 cents less than last month and 7.7 cents less per gallon than on the same day last year.

GasBuddy reports prices on July 3 have varied widely over the past five years $2.12 in 2016, $2.66 in 2015, $3.58 in 2014, $3.34 in 2013 and $3.12 in 2012.

Augusta had the lowest prices with $1.93, down three cents from last week. Macon was unchanged at $2.02 and Atlanta averaged at $2.10.

"With July 4 around the corner, the national average gasoline price has fallen over the last week yet again, said Dan McTeague, senior petroleum analyst for GasBuddy.com. "While it has been over a month since the national average last saw a weekly rise, it is looking more likely we will soon face just that. Oil prices have rebounded off the previous $42 per barrel low, and now stand near $45 per barrel. It is just a matter of time before the national average bottoms out for the short-term, but at least the low prices was perfectly timed with what may be the lowest average gas prices of the summer as we celebrate the Fourth. While gasoline prices will likely begin to creep higher, the summer driving season could still end up being the lowest overall average since 2005."

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Georgia gas prices continue downward trend, gas at $2.04 a gallon
​Gas prices have fallen three cents per gallon in the past week, averaging to $2.04 a gallon Sunday. That's according to the latest daily survey from GasBuddy.
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