AAA: Georgia Gas Price Average Continues to Drop

Staff Report

Tuesday, February 14th, 2023

 Georgia gas price average continues to decline at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.25 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 9 cents less than a week ago, 28 cents more than a month ago, and 8 cents less than this time last year. It now costs $48.75 to fill a 15-gallon tank of regular gasoline. Drivers are now paying at least $1.00 less to fill up at the pump compared to a year ago.

“Georgians may have a little more in their wallets as Valentine’s Day approaches,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “If gas demand and crude oil costs remain low, drivers will likely see pump prices dip this week.”

Drivers Find Lower Gas Prices

Since last Monday, the national average for a gallon of regular gasoline has decreased by 6 cents to $3.41. According to data from the Energy Information Administration, gas demand dipped slightly from 8.49 million to 8.43 million barrels a day last week. The current gas demand rate is approximately 700,000 barrels a day lower than the rate during the first week of February 2022, helping to explain why gas prices are declining. Meanwhile, total domestic gasoline stocks increased significantly by 5 million barrels to 239.6 million barrels. If gas demand remains low amid growing total domestic stocks, pump prices may drop further.