Wednesday November 25th, 2020 8:27PM

AAA: Gas prices jump 17-cents a gallon, Gainesville prices among the highest

By AccessWDUN Staff

Georgia gas prices took a big jump this past week, according to the latest information from the AAA-The Auto Club Group. 

Monday's state average of $2.59 per gallon is 17-cents more than a week ago, 15-cents more than this time last month, and 12-cents less than this time last year.

It now costs $38.85 to fill a 15-gallon tank of gasoline. That is $3.75 less than what motorists paid in May of 2018, when pump prices hit their 2018 peak of $2.84 per gallon.

“Rise in crude oil prices, a result of attacks on oil facilities in Saudi Arabia contributed  to increase at the pump,” said Montrae Waiters, spokeswoman for AAA. “However, the national average has held steady for two days, signaling that gas prices may be stabilizing in the coming week, which will be welcome relief for Georgia motorists.”

Pump Prices Stabilizing After Spiking

The national average price for regular unleaded gasoline is $2.66 per gallon, which is 9 cents more than a week ago, 6 cents less than a month ago, and 19 cents less than a year ago. For the week ending on September 13, demand dropped by 900,000 b/d from the previous week to 8.9 million b/d, according to new data from the Energy Information Administration (EIA). Additionally, total domestic stocks increased by 800,000 bbl to 229.7 million bbl. Typically, these market shifts would push pump prices down, but increased oil prices – a result of attacks on oil facilities in Saudi Arabia last week – have pushed pump prices up.

Regional Prices

  • Most expensive Georgia metro markets –Atlanta ($2.67), Gainesville ($2.63), and Athens ($2.62).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.42), Dalton ($2.43) and Augusta-Aiken ($2.45).   
  • Associated Categories: Homepage, Business News, Local/State News, Submitted News
  • Associated Tags: AAA, Gas prices, gas prices increase, weekly fuel price report, Saudi Arabia, Saudi Arabian oil supply
© Copyright 2020
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.