mcloudy.png
Friday August 14th, 2020 9:40AM

AAA: Georgia gas prices remain steady as pandemic continues

By AccessWDUN Staff

Georgia motorists are not seeing much change at the gas pump compared to last week, according to Monday's fuel price report from AAA-The Auto Club Group. 

This week's average price in Georgia is $2.00 per gallon for regular unleaded gasoline. Monday's state average is 11-cents more than last month, and 65-cents less than this time last year.

It now costs motorists $30.00 to fill a 15-gallon tank of gasoline, which is $11.11 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

AAA spokeswoman Montrae Waiters said in her weekly press statement that motorists who are typically traveling for summer vacations aren't doing as much driving right now.

"The Energy Information Administration’s (EIA) data shows gasoline demand and supply continue on a roller coaster ride," said Waiters. "As motorists react to unfolding COVID-19 information, we are seeing driving behaviors related to filling-up ebb and flow.”

Since last Monday, the national average for a gallon of regular gasoline is $2.19, which is a penny higher than a week ago. From May to early July in 2019, gasoline demand averaged 9.5 million barrels a day. For the same time period this year, demand is measuring at 8 million barrels a day while gasoline stocks sit, on average, at a 24 million barrels surplus. The low demand and high supply are keeping gas prices relatively cheap for the summertime.

Oil Market Dynamics

At the end of Friday’s formal trading session, WTI increased by 93 cents to settle at $40.55 per barrel. Domestic crude prices were volatile last week after EIA’s weekly report revealed that total domestic crude inventories increased by 5.7 million barrels to 539.2 million barrels. Increasing crude stocks could mean that crude production is still too high given where demand is currently, as new coronavirus outbreaks emerge. If EIA’s data shows another increase in total domestic supply this week, crude prices could decline.

Regional Prices

Atlanta ($2.00)

  • Most expensive Georgia metro markets – Brunswick ($2.11), Hinesville-Fort Stewart ($2.07) and Savannah ($2.06).
  • Least expensive Georgia metro markets – Athens ($1.93), Dalton ($1.94) and Gainesville ($1.95).
  • Associated Categories: Local/State News, Submitted News
  • Associated Tags: AAA, weekly fuel price report , coronavirus pandemic, gas prices hold steady
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
New 'Return To Work' policy and pay raise approved for Lula employees
Lula may be small but the effects of COVID-19 aren’t, so on Monday night the city council approved a new policy to better help the city’s limited staff deal with the threats presented by the pandemic.
9:19PM ( 47 minutes ago )
Water line failure closes Ga 17 Alternate for repairs
Ga. 17 Alternate (Talmadge Drive) is closed in both directions due to a water line failure between Stephens County Hospital and the Toccoa Water Treatment Plant.
9:00PM ( 1 hour ago )
GSP charges teen driver in death of Toccoa businessman
The Georgia State Patrol has charged a Habersham County teenager in the wreck that claimed the life of Toccoa businessman earlier this year.
7:10PM ( 2 hours ago )
Local/State News
Dahlonega entities move ahead with redevelopment of historic Head House
The Dahlonega City Council approved an intergovernmental agreement with the Dahlonega Downtown Development Authority on June 15 to redevelop the historic Head House.
11:58AM ( 2 days ago )
GDOT: Paving scheduled next week on Roy Parks Road
Georgia Department of Transportation crews will be working on Roy Parks Road in the Talmo area next week, prompting some traffic delays in the area.
10:00AM ( 2 days ago )
Local public health departments host back-to-school vaccine clinics this month
While the main public health focus continues to be COVID-19, public health officials in North Georgia are reminding parents that their children need required school vaccinations before they go back to class.
8:00AM ( 2 days ago )
Submitted News
AAA: Gas prices hold steady for the week
Georgia motorists are now paying an average price of $1.99 per gallon for regular unleaded gasoline, according to the weekly fuel price report from AAA-The Auto Club South.
By AccessWDUN Staff
6:28AM ( 1 week ago )
AAA: Georgia gas prices rise to $2 a gallon with July 4th travel week
It's been a while since Georgians have paid $2 a gallon for gasoline, but that's the average price per gallon for the 4th of July travel week.
By AccessWDUN Staff
7:10AM ( 2 weeks ago )
AAA estimates Americans will take 700 million trips this summer
As states work through their re-opening phases, a forecast by AAA predicts Americans will take 700 million trips this summer.
By AccessWDUN Staff
3:00PM ( 2 weeks ago )
Gas prices continue an upward trend
Georgia gas prices increased at the pump compared to a week ago.
By AccessWDUN Staff
6:17AM ( 3 weeks ago )
Georgia gas prices rise to $1.79 a gallon, up 4-cents
AAA said Georgia gasoline prices continue to rise, up to $1.79 a gallon in its latest fuel price report released Monday morning.
By AccessWDUN Staff
5:21AM ( 1 month ago )