Gas prices in Georgia jumped another 17 cents this week. Georgians are now paying $4.15 per gallon on average for regular unleaded gasoline. That is 43 cents more than last month and $1.22 more than this time last year.
The AAA weekly gas report lists Gainesville as one of the least expensive markets at $4.11 per gallon.
“Several factors continue to contribute to high pump prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “The high cost of crude oil continues to be the main culprit, as well as the Russian invasion of Ukraine, increase demand, and the switch to summer blend gasoline. The summer blend is more expensive and can add up to ten cents more per gallon depending on the market. Georgians can anticipate Memorial Day weekend gas prices to remain elevated.”
Since last Monday, the national average for a gallon of regular gasoline has increased by 12 cents to $4.59. According to data from the Energy Information Administration (EIA), tighter supply and increased demand have pushed pump prices higher. This supply/demand dynamic, combined with volatile crude prices, will likely continue to keep upward pressure on pump prices.
