Monday, July 29, 2024–12:21 p.m.

-AAA South-

Georgia gas prices have slowed. 

Georgians are paying an average price of $3.33 per gallon for regular unleaded gasoline which is a penny less than a week ago, 1 cent more than a month ago, and 21 cents less than this time last year. 

It costs drivers an average price of $49.95 to fill a 15-gallon tank of regular gasoline. Georgians are now paying $3.00 less to fill up at the pump compared to a year ago.

“Low demand and slow-rising crude oil prices help to reduce pump prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, if the tempest of crude prices rises above $80, it threatens to rain down an alarming surge on gas prices this week.”

Local averages on Monday were $3.20 in Floyd County, $3.22 in Bartow County, $3.25 in Gordon County, and $3.28 in Polk County.

The lowest average was in Chattooga County at $3.14.

Nationally:

Gas Prices Stationary at the Pumps

Since last Monday, the national average for a gallon of regular gasoline has held steady at $3.50 (subject to change overnight). Displaying hardly any sign of wavering since June, the national average has been holding its line around $3.50 per gallon as of June 26th.

According to new data from the Energy Information Administration (EIA), gas demand rose unexpectedly from 8.78 million barrels a day to 9.45 last week. Meanwhile, total domestic gasoline stocks fell from 233 to 227.4 million barrels. Gasoline production rose last week, averaging 10.2 million barrels per day. Higher gasoline demand but lower oil costs may keep pump prices relatively stable for now.