Monday, September 9, 2024–9:25 a.m.

-AAA South-

Georgia drivers get a little more relief at the pump.

Georgia gas prices checked in at an average of $3.06 per gallon for regular unleaded gasoline on Monday.

That is 8 cents 8 cents less than a week ago, 19 cents less than a month ago, and 51 cents less than this time last year. 

It costs drivers an average price of $45.90 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $3.00 less to fill up at the pump than a month ago.

“Gas prices are down significantly in parts of the state,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Low demand post-Labor Day, crude oil prices trending under $70, and no major storms in the gulf threatening refineries, keep pump prices low for now.”

Local averages on Monday were $2.96 in Floyd County and Gordon County, $2.99 in Bartow County, $2.94 in Chattooga County, and $3.00 in Polk County.

Nationally

Falling Pump Prices Keep on Giving

Since last Monday, the national average for a gallon of regular gasoline decreased by 6 cents to $3.27 (subject to change overnight). After idling over the Labor Day weekend, the national average for a gallon of gas resumed its pace of daily declines. Key contributors are low gas demand and the plunging cost of oil, which is struggling to stay above $70 a barrel. 

According to new data from the Energy Information Administration (EIA), gas demand fell last week from 9.30 million barrels a day to 8.93. Meanwhile, total domestic gasoline stocks rose slightly from 218.4 to 219.2 million barrels, and gasoline production increased last week, averaging 9.7 million daily. Falling gasoline demand and oil costs will likely keep pump prices sliding.