Georgia's average gas price lowest price this year

The holiday season is even bringing some cheer to the gas pump, as Georgia gas prices are now at their lowest average price of the year.
 
Sunday numbers from AAA showed the average price was $2.29 per gallon, averaging a 10 cent drop over the past week and declining for the past 51 consecutive days.
 
In November, prices averaged $2.50 - 25 cents less per gallon than in October, but the most expensive November at the pump in four years.
 
The lowest prices in the state were spotted in Dalton at $2.16, with the highest in Hinesville-Fort Stewart at $2.52. Hall County saw an average of $2.26 according to AAA's statewide price map.
 
"Compared to when pump prices peaked in May, Americans are now saving an average of $5-$10 every time they go to the pump," said Mark Jenkins, AAA spokesman. "Plunging oil prices have made gasoline far less expensive to produce. Oil prices sank to 14-month lows, because there's so much oil in the global market and not enough demand to absorb it. OPEC and Russia hope to change that. They meet on Thursday to discuss a production cut, in hopes of boosting oil prices. A significant cut could have an immediate impact on gas prices, but to what extent will depend on how the oil market responds."
 
GasBuddy.com reported close numbers, with their survey-based reports indicating an 8.6 cents drop per gallon, to an average of $2.27. GasBuddy reports the national average fell 10 cents to $2.43, and Atlanta's average at $2.26.
 
"Motorists finally have something to be excited about: gas prices plummeting, with at least one gas station in 27 states offering a gallon of gasoline at $1.99 per gallon or less. The national average stands at its lowest point of 2018 having fallen nearly 50 cents since the start of October, keeping nearly $200 million in the pockets of Americans every single day, acting as an economic stimulus ahead of the holidays," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "While OPEC will be meeting this week to discuss the possibility of cutting oil production in light of the $25 per barrel drop in prices since October, Americans will likely see falling prices at least for one more week. In addition, the promise of a trade deal with China may boost confidence in the economy, pushing global oil demand back up and driving prices higher. Motorists are encouraged to continue shopping around to find the best deals at the pump and prices under $2 per gallon while they last."
 
AAA reports a record high of 11.7 million barrels of crude oil continue to be produced domestically per day, with supply increasing for the 10th consecutive week and supply levels at the highest since this time last year.