Slight decrease in gasoline price in Georgia

Georgia gasoline prices steady with image of Kroger gas station on South Cobb Drive and Concord RoadKroger gas station on Concord Road and South Cobb Drive (the photo was taken last year, so the prices are outdated)-- photo by Larry Felton Johnson

According to the weekly press release from Montrae Waiters, spokeswoman for AAA – The Auto Club Group, the price of a gallon of unleaded gasoline declined slightly in Georgia over the past week.

The press release described the decline as follows:

 Georgia gas prices  decreased slightly at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.99 per gallon for regular unleaded gasoline. Monday’s state average is 1 cent less than a week ago, same as last month, and 60 cents less than this time last year.

“Georgia Pump prices are mostly pushing cheaper across the state as gasoline demand wanes over the past few weeks,” said Waiters . “Until it appears that the threat from COVID-19 decreases, gas prices are likely going to continue shifting.”

Cobb County gasoline prices

The average price in Cobb County as of this writing is $1.962, about three cents below the statewide average. 

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

National trends in oil and gasoline prices

According to the AAA press release:

At the end of Friday’s formal trading session, WTI increased by 22 cents to settle at $41.29 per barrel. Domestic crude prices increased due to a slight decrease in the value of a U.S. dollar. However, crude prices could fall this week, since EIA’s weekly report revealed that total domestic inventories increased by 4.9 million barrels. The increase, amid falling gasoline demand, could mean that the domestic crude market is oversupplied.

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.

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