Monday, September 23, 2024–9:10 a.m.

-AAA South-

Georgia gas prices continue to fall as we head into autumn

Now that fall has arrived the leaves are changing colors and starting to fall just like gas prices. The Georgia gas price average continues to decline at the pumps compared to a week ago.

Georgians pay an average of $2.94 per gallon for regular unleaded gasoline. 

Monday’s state average is 4 cents less than a week ago, 26 cents less than a month ago, and 40 cents less than last year. 

It costs drivers an average price of $44.10 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $4.00 less to fill up at the pump than a month ago.

“Gasoline prices are getting a bit nicer on our wallets, thanks to low demand and crude oil costs taking a tumble,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “As for guessing when those gas prices will reverse course. Well, that’s still anyone’s call.”

Local averages on Monday were $2.84 in Floyd County and Gordon County, $2.90 in Polk County, and $2.91 in Bartow County.

Chattooga County had the lowest average at $2.83.

Nationally

Gas Price Decline Slows, But Likely Won’t Stop

Since last Monday, the national average for a gallon of regular gasoline has held steady at $3.21 (subject to change overnight). Gasoline demand and oil costs are low, so pump prices may soon resume a slow descent. According to new data from the Energy Information Administration (EIA), gas demand increased slightly last week from 8.47 million barrels a day to 8.77. Meanwhile, total domestic gasoline stocks remained flat at 221.6 million barrels, while gasoline production increased last week, averaging 9.7 million barrels per day. Lackluster gasoline demand and low oil costs will likely keep pump prices sliding.