Georgia Gas Price Average rolled Back

AAA reports the Georgia gas price average declined at the pumps compared to a week ago.  Georgians pay an average of $2.74 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 23 cents less than a week ago, 35 cents less than a month ago, and 44 cents less than last year. It costs drivers an average price of $41.10 to fill a 15-gallon tank of regular gasoline. Georgians are paying $5.25 less to fill up at the pump than a month ago. “Even with rumblings of conflict and a storm brewing in the Gulf, prices at the pumps took a dip,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Meanwhile, OPEC+ announced intentions to bolster production come December 1st, hopefully, with this move and crude oil prices trending downward, Georgians will continue to feel financial ease at the pumps.” The most expensive Georgia metro markets are Savannah ($2.83), Valdosta ($2.80), and Hinesville-Fort Stewart ($2.79). The least expensive Georgia metro markets are Rome ($2.65), Dalton ($2.56), and Catoosa-Dade-Walker ($2.53). Since last Monday, the national average for a gallon of regular gasoline decreased by 4 cents to $3.17 (subject to change overnight). The devastation wrought by Hurricane Helene did little to impact gasoline supply, but it crushed demand in affected areas by destroying infrastructure and causing power outages. According to new data from the Energy Information Administration (EIA), gas demand plummeted from 9.20 million barrels a day last week to 8.52. Meanwhile, total domestic gasoline stocks rose from 220.1 million barrels to 221.2, while gasoline production decreased last week, averaging 9.6 million barrels daily. Tepid gasoline demand and low oil costs will likely keep pump prices sliding.