Georgia Motorists continue to pay More at the Pump

Georgia gas prices continue upward trend compared to a week ago, reports AAA. Georgia motorists are now paying an average price of $2.59 per gallon for regular unleaded. Monday’s state average is 17 cents more than a week ago, 15 cents more than this time last month, and 12 cents less than this time last year.  It now costs $38.85 to fill a 15-gallon tank of gasoline. That is $3.75 less than what motorists paid in May of 2018 when pump prices hit their 2018 peak of $2.84 per gallon. “Rise in crude oil prices, a result of attacks on oil facilities in Saudi Arabia contributed to increases at the pump,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “However, the national average has held steady for two days, signaling that gas prices may be stabilizing in the coming week, which will be a welcome relief for Georgia motorists.”  The national average price for regular unleaded gasoline is $2.66 per gallon, which is 9 cents more than a week ago, 6 cents less than a month ago, and 19 cents less than a year ago. For the week ending on September 13, demand dropped by 900,000 b/d from the previous week to 8.9 million b/d, according to new data from the Energy Information Administration (EIA). Additionally, total domestic stocks increased by 800,000 bbl to 229.7 million bbl. Typically, these market shifts would push pump prices down, but increased oil prices – a result of attacks on oil facilities in Saudi Arabia last week – have pushed pump prices up.