Georgia gas prices declined further over past week

Kroger gas station on Concord Road and South Cobb Drive in article about gasoline prices remaining steadyKroger gas station on Concord Road and South Cobb Drive (the photo was taken last year, so the prices are outdated)-- photo by Larry Felton Johnson

AAA reports that gasoline prices declined further over the past week in Georgia.

A press release from Montrae Waiters, the spokeswoman from AAA – The Auto Club Group stated,

Georgia gas prices continue to decline. Georgia motorists are now paying an average price of $2.38 per gallon for regular unleaded. Monday’s state average is 2 cents less than a week ago, 17 cent less than this time last month, and 34 cents less than this time last year.

“If crude inventories remain high, especially as gasoline demand drops with the fall driving season, Georgia pump prices could continue to decrease.,” Waiters said. “Less expensive gas prices will be a welcome relief to motorists.” 

Cobb County average price

This morning the AAA website reported that the average price of a gallon of unleaded regular gasoline in Cobb County is $2.424.

It is always possible to find lower gas prices than the average by comparison shopping or using tools like http://gasbuddy.com.

Why are prices declining?

The Energy Information Administration (EIA) said in its latest report that total domestic gasoline stocks fell last week from 232 million barrels to 229.6 million, while demand fell 429,000 b/d to 9.47 million barrels per day.

“With the fall driving season on the horizon, lower demand — even amid reduced stock levels – will likely help to push pump prices lower,” the AAA press release stated.

How does AAA determine gas prices?

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.

About the Auto Club Group

According to the description in the press release:

The Auto Club Group (ACG) is the second largest AAA club in North America.ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.ACG belongs to the national AAA federation with more than 59million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more atAAA.com/mobile. Visit AAA on the Internet atAAA.com.

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