The Georgia gas price average continues to decline at the pumps compared to a week ago.
According to AAA, Georgians now pay an average price of $2.90 per gallon for regular unleaded gasoline. Monday’s state average is 4 cents less than a week ago, 4 cents less than a month ago, and 30 cents less than last year.
“The drop in gas prices over the weekend was a welcome relief to Georgians,” Montrae Waiters, an AAA spokeswoman, said in a release. “Crude oil prices, which play a key role in determining what consumers pay at the pump, continue to fluctuate. If crude remains low, gas prices will typically do the same. However, an uptick in demand nearing spring break travel may cause gas prices to rise.”
AAA said that nationally, gas prices have Shifted into neutral thanks to the lower cost of oil.
Since last Monday, the national average for a gallon of regular gasoline has decreased by 1 cent to $3.08. This drop is due in part to softer oil prices.
Some drivers could see fluctuations at the pump due to markets and retailers reacting to news of tariffs and the transition to summer-grade gasoline, which is more expensive to produce.
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.45 barrels a day last week to 8.87. The total domestic gasoline supply decreased from 248.3 million barrels to 246.8. Gasoline production increased, averaging 9.6 million barrels per day.
