According to the weekly report from AAA, Georgia drivers are now paying an average price of $2.82 per gallon for regular unleaded gasoline, and the national average is now $3.31.
Monday’s state average dropped 3 cents from a week ago, is 21 cents less than a month ago, and 30 cents less than this time last year.
The cost of filling a 15-gallon tank is now $42.30, $4.50 less compared to a year ago.
“Good news drivers, gas prices continue to decrease at the pump ahead of Turkey Day,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Governor Kemp’s extension of the gas tax suspension until November 29th, and lower crude oil prices continue to be the driving force reducing gas prices, which is sure to help Georgians manage the high cost of food and travel this holiday.”
Gasoline prices in Cobb County
The price of a gallon of regular unleaded in Cobb County is $2.933, roughly 11 cents more 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.
What are the national trends?
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 decreased by 5 cents to $3.31 (subject to change overnight).
“With Thanksgiving fast approaching (and maybe the in-laws), the national average for a gallon of gas is steadily declining.
“According to new data from the Energy Information Administration (EIA), gas demand decreased from 9.49 to 8.95 million barrels a day last week.
“The EIA’s estimate for demand is unusually high for early November, but when the EIA releases monthly demand data in a few weeks, it could be revised. Meanwhile, total domestic gasoline stocks decreased by 1.5 million barrels to 215.7 million barrels.
“Lower gas demand, alongside declining oil prices, has contributed to pushing pump prices down. If gas demand and the cost of oil remain low, drivers can expect further pump prices to drop ahead of Thanksgiving.”
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.”