Georgia Pump Prices Unchanged as National Average Increases

Staff Report

Wednesday, July 7th, 2021

Georgia gas prices remained the same at the pump compared to a week ago. Georgia motorists are paying an average price of $2.91 per gallon for regular unleaded gasoline. Monday's state average is the same as a week ago, the same as last month and 93 cents more than this time last year.

It costs Georgia motorists $43.65 to fill a 15-gallon tank of gasoline; that is $6.75 more than what motorists paid in January of 2020 when pump prices hit their peak of $2.46 per gallon.

“While Georgians have not seen significant fluctuations at the pump over the last month, crude oil prices have steadily increased this year ,” said Garrett Townsend, AAA-The Auto Club Group Public Affairs Director. “This could lead to fluctuations in prices in the month ahead during peak driving season.”

CRUDE OIL PRICES TO HIT 7-YEAR HIGH THIS WEEK WITH THE NATIONAL GAS PRICE AVERAGE TO INCREASE TO $3.25 THIS MONTH

The national gas price average has increased 40% since the start of the year, from $2.25 on January 1 to $3.13 today. Moreover, it is not stopping there. Motorists can expect gas prices to increase another 10–20 cents through the end of August, bringing the national average well over $3.25 this summer.

OIL MARKET DYNAMICS

The latest weekly report from the Energy Information Administration shows that gasoline demand remains robust at 9.1 million barrels a day, despite a weekly decrease. EIA reports that gasoline stocks increased by 1.5 million barrels to 241 million barrels last week. Since last Monday, the national average increased four cents and is more expensive on the month (+8 cents) and the year (+95 cents).

REGIONAL PRICES 

  • Most expensive Georgia metro markets – Brunswick ($2.98), Hinesville – Fort Stewart ($2.96), and Atlanta ($2.92).

  • Least expensive Georgia metro markets – Warner Robins ($2.82), Catoosa-Dade-Walker ($2.83), and Rome ($2.85).  

CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)  

 

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020

Low

2020

High

Record High

National

$3.13

$3.13

$3.10

$3.05

$2.18

$1.76 (April)

$2.59 (January)

$4.11   (7/17/2008)

Georgia

$2.91

$2.91

$2.91

$2.91

$1.98

$1.61 (May)

$2.46 (January)

$4.16   (9/15/2008)

Click here to view current gasoline price averages