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Gas prices continue to drop in Georgia

October 30, 2017--11:52 a.m.

Staff reports

The steady stream of declining gas prices continued last week.

However, the rate at which prices are declining is beginning to slow, and pump prices should soon level out. 

The state average only declined 4 cents last week. That is a stark contrast to previous weeks, where the total decline was 7-10 cents. 

Continued growth in oil inventories will keep a ceiling on oil prices, and prevent gasoline prices from making strong gains. While there could be some volatility, gas prices should follow a mostly downward trend through the rest of the year. However, the discount at the pump is not currently forecast to be much lower than present levels.

On Monday, gas could be found for as low as $2.27 in Rome, according to gasbuddy.com.

The lowest price was $2.17 in Calhoun and $2.23 in Cartersville.

$2.21 was the lowest price listed in Summerville while a gallon of unleaded in Cedartown was as low as $2.29.