clearn.png
Wednesday April 1st, 2020 8:56PM

AAA: Gas prices take a 7-cent drop in the past week

By AccessWDUN Staff

Lower demand and an increased supply mean gasoline prices continue a downward trend, according to Monday's fuel price report from AAA-The Auto Club Group. 

Georgia motorists this week are paying an average price of $2.30 per gallon for regular unleaded gasoline. Monday's state average is 7-cents less than a week ago, 14-cents less than last month, and 16-cents more than this time last year.

It now costs $34.50 to fill a 15-gallon tank of gasoline; that is $6.60 less than what motorists paid in April of 2019 when pump prices hit their peak of $2.74 per gallon.

"Increased total domestic stocks of gasoline have helped to ease pump price,” said AAA spokeswoman Montrae Waiters. "Typically, we see lower demand during this time of year. When combined with higher stock levels, pump prices usually decrease in response.”

Rising Gas Stocks Put Downward Pressure on Winter Pump Prices

The national gas price average is $2.47, which is 5-cents cheaper than last week, 11-cents less than last month, and 22-cents more than a year ago. Gas prices have continued to drop over the last week as gasoline stocks grew again, measuring at 260 million barrels– the highest stock level ever recorded by the Energy Information Administration (EIA) since it began recording the data in 1990. EIA estimates that demand grew slightly from 8.56 million b/d to 8.66 million b/d. However, the current rate is lower than last year’s 8.87 million b/d at this time.

Regional Prices:

Atlanta ($2.31)

  • Most expensive Georgia metro markets –Brunswick ($2.43), Hinesville-Fort Stewart ($2.42), and Savannah ($2.38).
  • Least expensive Georgia metro markets – Catoosa-Dade-Walker ($2.19), Dalton ($2.20), and Rome ($2.21).
  • This week's average price in Hall County is $2.37 a gallon.
  • Associated Categories: Homepage, Business News, Local/State News, Submitted News
  • Associated Tags: AAA, Gas prices, Georgia gas prices, gas prices decrease
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
AAA: Gas prices take a 7-cent drop in the past week
Lower demand and an increased supply mean gasoline prices continue a downward trend
7:11AM ( 7 minutes ago )
White named Oakwood City Manager
Oakwood Community Development Director B.R. White has been named the town's city manager effective March 1.
2:00PM ( 1 day ago )
Lanier Tech sets another enrollment record
Lanier Technical College's Spring Semester 2020 enrollment is the largest of any academic term in the history of the College.
10:00AM ( 1 day ago )
Business News
Wife of missing man charged after remains found at home
Authorities in Georgia say a woman has been charged with murder after a body was found buried in a shallow grave behind her home
6:50AM ( 27 minutes ago )
Everything you need to know about the Iowa caucuses
The Iowa caucuses are small local meetings where neighbors and strangers stand up to show their support for a particular candidate and to persuade others to join them
5:35AM ( 1 hour ago )
DHS: New screening to begin amid coronavirus concerns
The Department of Homeland Security is warning airline passengers that their flights may wind up rerouted if officials discover mid-flight that someone onboard has been in China in the last 14 days
1:21AM ( 5 hours ago )
Local/State News
Hall County: ESPLOST public meetings begin Monday
The first of seven informational meetings by Hall County school officials in advance of a March vote on extending an Education Special Purpose Local Option Sales Tax will be held Monday.
8:00PM ( 1 week ago )
International poultry, meat, feed trade show opens Tuesday in Atlanta
People from all over the world will descend on Atlanta next week for the International Production & Processing Expo, billed as the world's largest annual poultry, meat, and feed industry event of its kind.
5:00AM ( 1 week ago )
Gainesville tops in job growth in Georgia last year
Gainesville led all metropolitan areas in the state in job growth last year, with a 3.6 percent increase, according to the State Labor Department.
5:00AM ( 1 week ago )
Submitted News
AAA: Georgia gas prices drop 3-cents a gallon in the last week
Georgia motorists are now paying an average price of $2.37 per gallon for regular unleaded gasoline - that's a drop in price from last week.
By AccessWDUN Staff
6:59AM ( 1 week ago )
AAA: Gas prices drop 4-cents in the past week
Georgia motorists are now paying an average price of $2.40 per gallon for regular unleaded gasoline.
By AccessWDUN Staff
6:52AM ( 2 weeks ago )
AAA: Gas prices drop 2-cents a gallon in past week
Georgia motorists are now paying an average price of $2.44 per gallon for regular unleaded gasoline, which 2-cents less than a week ago.
By AccessWDUN Staff
6:58AM ( 3 weeks ago )
AAA: Georgia gas prices rise 4-cents, other states also see increases
Gasoline prices continued an upward trend in Georgia compared to a week ago; most other state also saw prices increase, according to AAA.
By AccessWDUN Staff
6:17AM ( 4 weeks ago )
AAA: Georgia motorists start the last week of the year with higher gas prices
The last week of the year starts with an increase in gasoline prices in Georgia.
By AccessWDUN Staff
5:56AM ( 1 month ago )