Georgia gas prices at 17-month lows
December 31, 2018--11:00 a.m.
AAA NEWS RELEASE
The plunge at the pump continues this week, and now gas prices are poised to have their lowest start to the New Year since January 1, 2016.
Americans are finding gas prices below $2 a gallon at 31% of filling stations in the United States. Since mid-October, the national average has plummeted a total of 61 cents. Thursday's average price of $2.29 per gallon is the lowest since July 2017.
"Falling gas prices continue to be 'the gift that keeps giving' this holiday season," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Prices at the pump declined as AAA projected last week, largely due to weakness in the stock market and concerns about global crude oversupply. Although oil and gasoline futures have been on a rollercoaster ride this week, wholesale gas prices have held steady. Unless oil prices suddenly spike, prices at the pump should remain low through the end of the year."
Drivers are finding gas prices below $2 a gallon at about 29 percent of gas stations in Georgia. Meanwhile, 7-in-10 retailers have regular unleaded priced below $2.25. Since mid-October, the state average has plummeted a total of 69 cents. Thursday's average price of $2.11 per gallon is the lowest daily average price since July 2017.
Gas prices in Georgia declined 5 cents in the past week. The state average is now 19 cents less than this time last year.
Local average gas prices, according to AAA:
Floyd County - $1.98
Bartow County - $2.00
Gordon County $2.01
Polk County - $2.12
Chattooga County $1.97
Nationwide, holiday travelers enjoyed the lowest Christmas Day gas prices in two years. However, gas prices averaged $2.13 per gallon in Georgia, which was the lowest for Christmas Day in 3 years. The state average on New Year's Day should also be a 3-year low. Thursday's average price is 24 cents less than January 1, 2018.