Monday, December 16, 2024–11:30 a.m.
-AAA South-
Georgia gas prices increased slightly at the pump compared to a week ago. Drivers pay an average of $2.91 per gallon for regular unleaded gasoline. Monday’s state average is a penny more than a week ago, 3 cents less than a month ago, and 6 cents less than this time last year.
Drivers pay an average of $43.65 to fill a 15-gallon tank of regular gasoline. Georgians now pay 45 cents less to fill up at the pump than a month ago.
“The lackluster movement can be attributed to a marginally higher demand for gasoline and a lower cost for oil canceling each other out,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, higher demand and a rise in crude oil prices could nudge pump prices higher ahead of Christmas.”
Local averages on Monday were $2.88 in Floyd County, $2.93 in Bartow County, $2.84 in Gordon County, $2.87 in Chattooga County, and $2.90 in Polk County.
Nationally, Gas Price Decline Stalls
Since last Monday, the national average for a gallon of regular gasoline has increased by 1 cent to $3.02. Going nowhere fast is an apt description of the national average for a gallon of gas. It has been close to the $3 level for five weeks yet faces stubborn resistance. According to data from the Energy Information Administration (EIA), gasoline demand rose from 8.73 million barrels a day last week to 8.81, about 50,000 barrels a day lower than the same week in 2023. Meanwhile, total domestic gasoline stocks rose from 214.6 million barrels to 219.7, while gasoline production increased last week, averaging 10.0 million barrels daily.
Electric Vehicles (EV)
Today’s national average per kilowatt hour of electricity at a public EV charging station remained at 34 cents. The EIA also reports that combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles reached a record 21.2% in Q3 of 2024.