According to a press release from Garrett Townsend, the Georgia Public Affairs Director for AAA, gas prices statewide have dropped prior to the Thanksgiving holiday. He wrote in a press release, “ Gas prices in Georgia dropped another 9 cents last week. At $2.48/g, the average price in Georgia is the lowest since March, and now only 13 cents more than the lowest average price this year ($2.35).”

“Georgians can be thankful for strong oil production and supplies, which have set the table for some of the lowest gas prices of the year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The state average should carve-off another 5 cents before Thanksgiving, and eventually fall below $2.30 before fully adjusting to recent oil and wholesale gas price declines. However, there is potential for oil prices to rise in December, depending on how markets respond to possible OPEC oil production cuts and sanctions against Iranian oil exports.”

Cobb gas prices dropping

As of this article the average gas price in Cobb County is $2.466, about a 20 cent drop since the last time we reported the price, on November 5. It is slightly below the statewide average, and about 16 cents below the national average.

How does AAA determine gas prices?

AAA explains it’s methodology for collecting data on gasoline prices at the pump as follows:

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.