Georgia gasoline prices fell another three cents over the past week.

According to AAA’s weekly report, gasoline prices in Georgia reached an average cost of $2.76 per gallon for regular unleaded. EV charging rates at DC fast-charging stations averaged 38 cents per kilowatt hour nationally, 40 cents in Georgia. Home charging on a level 1 or level 2 charger is much cheaper.

“It may be freezing outside, but at least filling up the tank doesn’t sting quite as much right now,” said Montrae Waiters, spokeswoman for AAA-The Auto Club Group. “With oil supplies high and demand easing, gas prices are sliding and expected to stay low through the holidays.”

Cobb County gasoline price average

The price of a gallon of regular unleaded in Cobb County is $2.815, about six cents greater 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:

Nationally: Winter Chill Brings a Warm Surprise at the Pump

This holiday season, drivers are unwrapping a welcome gift at the gas pump: prices have dipped 4 cents to $2.91. The drop is fueled by lower crude oil costs, weaker demand, and the switch to cheaper winter-blend gasoline, factors working together to keep prices down. 

Electric:

The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 38 cents. To plan ahead, drivers can check charging prices along their route using AAA’s TripTik Travel Planner.

What causes fluctuations in gasoline prices?

According to the U.S. Energy Information Administration (EIA), the price of crude oil is the main factor affecting the price of gasoline.

“Strong and increasing demand for gasoline and other petroleum products in the United States and the rest of the world can place intense pressure on available supplies,” the EIA website states.

According to the EIA, other factors that can affect prices include” disruptions in crude oil supplies, refinery operations, or gasoline pipeline deliveries.”

There are also seasonal changes in demand that cause price fluctuations throughout the year.

For more information on the price considerations for crude oil and gasoline, visit the EIA website.

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.”