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AAA: Gas prices continue downward trend

By AccessWDUN Staff
Posted 6:23AM on Monday 24th June 2019 ( 4 years ago )

Georgia gasoline prices continue to drop, according to this week's fuel price report for AAA-the Auto Club South.

AAA spokeswoman Montrae Waiters said the average price for gasoline is now $2.44 per gallon for regular unleaded; that's a drop of three cents from last Sunday. The decrease is 19-cents less than this time last month and 26-cents less than this time last year.

It now costs $36.60 to fill a 15-gallon tank of gasoline. That is $6 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.

"Growing gasoline inventories are contributing to relief at the pump so far this summer," Waiters said. "Current U.S. inventories sit at nearly 235 million bbl, which is helping to feed growing demand."

Waiters acknowledged the decline is unusual for this time of year. Pump prices usually trickle higher during the summer months due to increased demand. However, the latest Energy Information Administration (EIA) report reveals that total domestic gasoline inventories jumped a million bbl last week, helping to push pump prices lower. According to OPIS, strong production output and increased imports have helped gasoline storage levels grow consistently over the past four weeks.

Regional Prices

Follow this link to find average gas prices for every Georgia county. 

http://accesswdun.com/article/2019/6/807378/aaa-gas-prices-continue-downward-trend

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