Holiday gas prices at 2-year lows; additional discounts expected
December 21, 2018--7:45 a.m.
Christmas came early for millions of Americans hitting the road for the holidays. Gas prices, which are already at 2-year lows for this time of year, should drop even lower in the coming days; after the price of oil and wholesale gasoline tumbled on Thursday.
Gas prices in Georgia are 11 cents less than the average price on Christmas Day 2017. Although the state average is $2.16 per gallon, Georgia motorists are finding pump prices well below $2 a gallon at various filling stations throughout the state.
On average, Georgia drivers are paying $10 less for a full tank of gasoline, compared to when prices peaked last summer. During the past 10 weeks, pump prices plunged an average total of 64 cents. The state average could shed another 10 cents, before fully adjusting to recent crude price drops.
Average local prices on Friday, according to AAA:
Floyd County - $2.05
Bartow County - $2.09
Gordon County - $2.07
Chattooga County - $2.06
Polk County - $2.18
AAA forecasts nearly 3 million Georgians will take a road trip between now and New Year's Day. An additional 120,000 drivers are expected on the road, compared to last year's holiday season. That does not include travelers from out-of-state.
An estimated 102.1 million Americans are forecast to travel via automobile between now and New Year's Day. Nationwide, the average price for gasoline is $2.35 per gallon and falling (check today's price). Americans are paying $9 less for a full tank of gas, than they did when prices peaked in the summer. The national average has declined 13 cents this month, and a total of 55 cents since mid-October.
"A holiday road trip will become even more affordable, as AAA forecasts another round of falling gas prices," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Wholesale gasoline plummeted on Thursday, which will reduce the cost for retailers to buy and sell gasoline. Unless the market turns around, drivers should see gas prices fall another 5-15 cents, during their holiday road trips."