Friday March 29th, 2024 3:15AM

Gas prices continue to drop

Georgia’s gas prices continue to decline at the pump. In the weekly AAA report published Monday morning, gas is now 19 cents less than a week ago. That’s still 45 cents more than last month and $1.23 more than this time last year. Georgia's statewide gas price for unleaded is now $3.95 per gallon.

In the state, Gainesville is listed as one of the top three cities in the state for having some of the most expensive gas prices at an average of $3.97. White County has some of the lowest prices in the state at $3.85 on average.

“Georgians continue to see savings at the pumps compared to a week ago,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, if oil prices continue to rise, gas prices will likely follow suit, possibly reversing course from the current downward trend.”

At the close of last Wednesday’s formal trading session, crude oil increased by $5.66 to settle at $114.93. Crude prices climbed after the Energy Information Administration’s weekly report revealed that total domestic crude stocks declined last week by 2.5 million barrels to 413.4 million barrels, approximately 18 percent lower than the level in mid-March 2021. The current inventory level highlights tightness in the market, contributing to rising prices.

Georgia set record high prices when they reached an average of $4.29 on March 11.

  • Associated Categories: Homepage, Local/State News
  • Associated Tags: AAA, gas prices decrease, gasoline prices, crude oil prices, montrae waiters, crude oil
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