Georgia gas price average increased slightly at the pump compared to last week, with drivers paying an average of $2.91 per gallon for regular unleaded gasoline.
Monday’s state average is 1 cent more than a week ago, 3 cents less than a month ago, and 6 cents less than last year. 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,” Montrae Waiters, AAA-The Auto Club Group spokeswoman, said in a release. “However, higher demand and a rise in crude oil prices could nudge pump prices higher ahead of Christmas.”
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, 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.