Gasoline prices in Georgia showed a slight drop, but the decline has largely stalled out.
According to AAA’s weekly report, gasoline prices in Georgia declined a meager one cent over the past week, reaching an average cost of $3.22 per gallon for regular unleaded.
“The slight rise in crude oil last week has put a damper on the prior decline in gas prices, muddying the waters of hope for cheaper fuel this week,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman.
What will you learn by reading below?
- How do prices in Cobb County compare to the rest of the state
- What are the national trends in gasoline prices?
- How does AAA arrive at its price estimates?
Gasoline prices in Cobb County
The price of a gallon of regular unleaded in Cobb County is $3.28, six 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:
Gas Prices Continue to Dip
Since last Monday, the national average for a gallon of regular gasoline decreased by 3 cents to $3.41 (subject to change overnight).
According to new data from the Energy Information Administration (EIA), gas demand edged higher last week from 8.96 million barrels a day to 9.04. Meanwhile, total domestic gasoline stocks fell from 225.1 to 222.2 million barrels. Gasoline production decreased slightly last week, averaging 9.7 million barrels per day. Tepid gasoline demand and stable oil costs may cause pump prices to slide further.
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.”
