Georgia gasoline prices jump 6 cents over past week on uncertainty about effects of Hurricane Ian

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Gasoline pump resting in its cradle used in articles about Georgia gasoline prices

Posted By: Larry Felton Johnson October 3, 2022

Georgia gasoline prices rose six cents per gallon on average over the past week during the uncertainty over whether Hurricane Ian would affect oil operations in the Gulf of Mexico.

According to the weekly press release from Montrae Waiters, the spokeswoman for AAA – The Auto Club Group, Georgia drivers are now paying an average of $3.17 per gallon for regular unleaded.

“Georgia gas price average saw an uptick at the pumps last week due to the threat of Hurricane Ian,” said Waiters. “Thankfully, the storm shifted further east away from Georgia’s coastline, causing minimal damage. If demand stays low and crude oil does not increase, gas prices could trend downward this week.”

Prices in Cobb County

The price of a gallon of regular unleaded in Cobb County is $3.28 at the time of this writing, about 11 cents more expensive than 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.

AAA’s weekly report stated the following about national gas and oil trends:

Since last Monday, the national average for a gallon of regular gasoline has increased by 8 cents to $3.79 (subject to change overnight). Now that Hurricane Ian has passed and downgraded to a tropical storm, we continue to learn of its full impact in Florida. Gasoline distribution maybe limited in affected areas due to a lack of electricity and flooded roads and highways. Meanwhile, according to data from the Energy Information Administration (EIA), gas demand increased nationally from 8.32 million barrels a day to 8.83 million barrels a day last week, and total domestic gasoline stocks decreased by 2.4 million barrels to 212.2 million barrels. Higher gasoline demand amid tight supply and fluctuating oil prices caused increased the national average.

How does AAA determine gas prices?

According to AAA:

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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