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Friday July 19th, 2019 11:06PM

AAA: Lower demand translates to lower prices at the gas pump this week

By AccessWDUN Staff

Thanks to lower demand, gas prices at Georgia gas pumps have dropped compared to a week ago, according to this week's fuel price report from AAA-The Auto Club Group. Georgia drivers are now paying an average of $2.64 per gallon for regular unleaded; that's four-cents less than a week ago and 14-cents less than this time last year. Motorists are paying an average of $39.60 for a full 15-gallon tank of gasoline; a discount of $3.00 from when prices were their highest last May.

"The drop in gasoline prices could be a result of recent unpredictable weather in the Rockies and the Midwest," said AAA spokeswoman Montrae Waiters. “However, with summer on the horizon, motorists should not be surprised if pump prices increase during the run-up to Memorial Day.”

Dramatic drop in gas demand pushes pump prices down

The national average price for regular unleaded gasoline is $2.859 per gallon, which is two cents less than last week, two cents more than a month ago, and six cents less than a year ago. The Energy Information Administration’s latest demand reading for gasoline dropped to 9.1 million b/d, a level typically seen in the fall or winter. The drop is approximately 800,000 b/d lower than the previous week and 400,000 b/d lower than this time last year. In fact, a reading this low hasn’t been seen for early May since 2015.

Regional Prices

  • Most expensive metro markets – Atlanta ($2.69), Hinesville- Fort Stewart- Savannah ($2.67).
  • Least expensive metro markets – Catoosa-Dade- Walker ($2.47).
  • Average Hall County price - ($2.63)

Follow this link to see the average for every Georgia County. 

  • Associated Categories: Homepage, Local/State News, Submitted News
  • Associated Tags: AAA, Gas prices, weekly fuel price report, gas prices decrease, Memorial Day travel
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