Georgia gas prices continue to drop. According to the weekly AAA Fuel Report released Monday morning, Georgia drivers are now paying $3.51 per gallon for regular unleaded gasoline. The new average is 12 cents less than a week ago, 60 cents less than a month ago, and 55 cents more than this time last year.
In Northeast Georgia, Dawson County has the cheapest gas at $3.26 per gallon.
“Georgia pump price average is trending 44 cents lower than the national retail price,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Declining global fuel demand and summer travel nearing an end continues to influence lower gas prices. Also, crude oil supply remains tight. It is uncertain whether gas prices will continue to fall in the coming weeks.”
The national average also dropped 11 cents, making it now $3.95. According to the report, although gasoline demand has increased and supply has tightened, lower oil prices have helped lower pump prices. If oil prices continue to decline, drivers will likely continue to see pump prices decrease.
According to the Energy Information Administration (EIA), gas demand increased from 8.54 million barrels a day to 9.12 million barrels a day. However, the rate is 307,000 barrels a day lower than last year. Moreover, according to EIA, total domestic gasoline stocks decreased by 5 million barrels to 220.3 million barrels.
