Georgia gas price average continues to hold steady 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 was the same as last week, 1 cent less than last month and 11 cents less than last year. It costs drivers an average of $43.65 to fill a 15-gallon tank of regular gasoline.
“Fuel expenses in Georgia remained steadfast, showing little to no fluctuation at the pumps statewide,” Montrae Waiters, AAA-The Auto Club Group spokeswoman, said in a release. “But, just a heads up, with folks fueling up more and if crude oil costs creep up, we might see a little hike in the prices at the pump as we get closer to Christmas time.”
Since last Monday, the national average for a gallon of regular gasoline has increased by 2 cents to $3.04. After weeks of slowly marching lower, the national average reversed course. According to data from the Energy Information Administration, gasoline demand rose slightly from 8.81 million barrels a day last week to 8.92.
Meanwhile, total domestic gasoline stocks rose from 219.7 million barrels to 222, while gasoline production decreased last week, averaging 9.9 million daily.
The EIA has also tallied the impact of this year’s hurricane season and reports that unplanned outages of crude oil production in the U.S. Gulf of Mexico due to storms averaged 295,000 barrels per day in September and 110,000 barrels per day in November, accounting for 16% and 5%, respectively, of total crude oil production from federal Gulf of Mexico waters in those months. However, the impact at the pump was relatively muted, as prices popped by a few pennies before resuming their seasonal decline.
