Saturday April 27th, 2024 6:28PM

Georgia gas prices continue downward trend

By AccessWDUN Staff

Georgia gas prices are continuing to trend downward, according to data released Monday morning by AAA in Atlanta.

Monday's statewide average for a gallon of regular gasoline was $2.95, according to AAA. That average was down two cents from the week prior, four cents less than a month prior, and 10 cents less than a year prior.

“Lackluster demand, alongside increased global oil supply, appear to be factors decreasing prices at the pump,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, keep an eye out on frigid temps because those can affect refinery production, pushing some regional gas prices higher.”

White and Fannin counties have the most expensive gas in North Georgia, at $2.98 and $3.00 per gallon respectively. Meanwhile, Habersham and Stephens counties have the cheapest gas in the region at $2.89.

The national average for a gallon of gas was $3.06 as of Monday morning. AAA said that the average was down one cent from the week prior.

"According to data from the Energy Information Administration, gas demand increased from 7.95 to 8.33 million barrels a day last week," AAA said in a press release. "Meanwhile, total domestic gasoline stocks increased significantly by 8 million barrels to 245 million barrels. The slight uptick in demand has limited pump price drops, causing the national average to stagnate. However, if oil prices continue to drop, drivers could continue to see pump prices trickle lower."

 

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