Georgia gas prices averaged $2.23 on Memorial Day, according to this week's fuel price report from AAA.
The state average on Monday was 4 cents less than last year's holiday and the lowest Memorial Day gas price since 2005 ($1.97), according to AAA, whose data is collected from credit card swipes and direct feeds from 120,000 gas stations nationwide, in cooperation with OPIS and Wright Express.
The average price, however, was up from last Sunday's price of $2.19 a gallon.
Georgia has the 13th-lowest state average in the country.
Gas prices reached their lowest point of the year on March 27 ($2.16). The highest state average this year was $2.29 on April 14.
The national average price for a gallon of regular unleaded gasoline will average $2.40 this summer, according to the EIA. Georgia gas prices would average $2.23 this summer, based on the 17 cent difference between Monday's national and state average. Last year, Georgia gas prices averaged $2.11 from June 1 to August 31.
- The most expensive gas price averages in Georgia are in Atlanta ($2.27), Savannah ($2.23), and Columbus ($2.19)
- The least expensive gas price averages in Georgia are in Augusta-Aiken ($2.10), Macon ($2.15), and Albany ($2.16)
"Oil prices declined last week, allowing gas prices to stabilize in time for one of the most-traveled Memorial Day holidays in 12 years," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "This summer, gas prices should stay within 10-20 cents of their current levels. However, retail prices could surge if there are unexpected refinery outages or if a hurricane impacts supply and demand."
http://accesswdun.com/article/2017/5/541530/aaa-memorial-day-gas-prices-were-lowest-in-12-years