AAA: Georgia Gas Price Average Continues to Rise

Staff Report

Tuesday, January 31st, 2023

 Georgia gas price average rose at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.39 per gallon for regular unleaded gasoline (subject to change overnight). Monday's state average is 14 cents more than a week ago, 67 cents more than a month ago, and 20 cents more than this time last year. It now costs $50.85 to fill a 15-gallon tank of regular gasoline. Drivers are now paying $3.00 more to fill up at the pump compared to a year ago.

“Georgians continue to take a punch at the pump,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “The rise in crude oil prices continues to be the major culprit for higher pump prices nationwide. Unfortunately, we cannot predict how high gas prices will rise this week, therefore, drivers are encouraged to follow AAA money-saving tips listed below.”

Pump Prices Keep Rising Higher

Since last Monday, the national average for a gallon of regular gasoline has increased by 9 cents to $3.50. According to data from the Energy Information Administration, gas demand rose slightly from 8.05 to 8.14 million barrels a day last week. Although winter storms at the end of 2022 have contributed to tighter supply, the mild winter this month may have led to more drivers getting behind the wheel, pushing pump prices higher. Meanwhile, total domestic gasoline stocks increased by 1.7 million barrels to 232 million barrels. Rising gas demand and elevated oil prices have contributed to higher pump prices. If demand continues to grow, drivers will likely see pump prices increase this week.