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Gas prices dip two cents

August 27, 2018--7:45 a.m.

NEWS RELEASE

Gas prices in the southeastern U.S. are declining as Americans prepare for the final holiday of the summer travel season.

Declining demand and rising supplies have allowed prices at the pump to steadily slip lower. 

Pump prices are 40-50 cents higher than a year ago, but that spread will be erased by Labor Day," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Holiday travelers will find pump prices at around the same level as last year. In 2017, gas prices spiked before Labor Day, after Hurricane Harvey struck the Gulf Coast. This year, motorists should benefit from a relatively quiet hurricane season along the east coast. Although pump prices may fluctuate with surging holiday demand, AAA does not forecast a significant hike, unless there is an unexpected disruption in supply."

Gas prices in Georgia dropped 3 cents last week. The state average declined for the 20th consecutive day on Sunday, for a total discount of 8 cents during that time. Sunday's state average of $2.69 is 45 cents more than this time last year.

Georgia's state average is already at the same level as last year's Labor Day holiday.

Area gas prices averages on Monday, according to AAA:

Floyd County - $2.62

Bartow County - $2.67

Gordon County - $2.67

Chattooga County - $2.58

Polk County - $2.72