AAA: Georgia Motorists Paying More to Fill-up at the Pump this Week

Staff Report From Georgia CEO

Wednesday, February 26th, 2020

Georgia gas prices  increased 3 cents at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.30 per gallon for regular unleaded. Monday's state average is 3 cents more than a week ago, 7 cents less than this time last month, and 2 cents more than this time last year.

It now costs $34.50 to fill a 15-gallon tank of gasoline; that is $6.60 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

"Gasoline prices are likely to fluctuate in the coming weeks, but not drastically, as the winter driving season nears its end and refineries undergo maintenance,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “This is the typical trend this time of year.” 

Pump Prices Continue To Follow Winter Trends

Today’s national average is $2.47, which is 5 cents cheaper than last month and 8 cents more expensive than last year.  More than half of all state gas price averages increased as much as 3 cents in the last week. The jumps, which caused the national gas price average to increase, was caused by a decrease in U.S. gasoline stocks and increases in demand. The Energy Information Administration’s (EIA) latest data show total domestic gasoline stocks decreased by 2 million barrels to 259.1 million barrels, while demand increased from 8.72 million barrels a day to 8.92 million barrels a day. Some of the decrease in stocks can be attributed to refinery maintenance.

Regional Prices

Atlanta ($2.30)

Most expensive Georgia metro markets – Brunswick ($2.39) Hinesville-Fort Stewart ($2.37) and Macon ($2.33).

Least expensive Georgia metro markets – Rome ($2.23), Gainesville ($2.25) and Catoosa-Dade-Walker ($2.26).      

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)       

  Sunday Saturday Week Ago Month Ago One Year Ago 2019 Low 2019 High Record High
National $2.47 $2.47 $2.44 $2.52 $2.39 $2.23 (January) $2.90 (May) $4.11   (7/17/2008)
Georgia $2.30 $2.30 $2.27 $2.37 $2.28 $2.04 (January) $2.74 (April) $4.16   (9/15/2008)