Georgia Gas Price Average continues to Decline

AAA reports that the Georgia gas price average continues to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.15 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 7 cents less than a week ago, 23 cents less than a month ago, and 34 cents less than this time last year. It now costs $47.25 to fill a 15-gallon tank of regular gasoline. Drivers are now paying at least $3 less to fill up at the pump compared to last month.  The most expensive Georgia metro market is Hinesville-Fort Stewart at $3.31 and the least expensive Georgia metro market is Albany at $3.08.  The decline in gas prices is primarily being driven by a decrease in crude oil cost and slow demand, reports AAA.  The cost for oil accounts for 55% of what we pay at the pump, therefore, higher or lower oil costs will dictate the price we pay for gas going forward.  Since last Monday, the national average for a gallon of regular gasoline has decreased by 5 cents to $3.36 (subject to change overnight).