October 17th, 2022 – 1:55 PM
AAA – The Auto Club Group –
Georgia gas prices increased slightly at the pump compared to a week ago. Georgia drivers are now paying an average price of $3.25 per gallon for regular unleaded gasoline (subject to change overnight). Monday’s state average is 3 cents more than a week ago, 5 cents more than a month ago, and 11 cents more than this time last year.
It now costs $48.75 to fill a 15-gallon tank of regular gasoline. Drivers are now paying 75 cents more to fill-up at the pump compared to a month ago.
“Crude oil prices dropped due to ongoing market concerns about crude demand as fear of a recession has increased,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “If economic growth stalls or declines, crude demand is likely to follow suit alongside prices. Typically, if crude prices fall then gas prices decline, therefore, Georgia drivers may see prices dip at the pump this week.”
National Average Decreases As Gas Demand & Oil Prices Stumble
Since last Monday, the national average for a gallon of regular gasoline has decreased by 3 cents to $3.88 (subject to change overnight). According to data from the Energy Information Administration (EIA), gas demand decreased nationally from 9.47 million barrels a day to 8.28 million barrels a day a week ago, and total domestic gasoline stocks increased by 2 million barrels to 209.5 million barrels.
Lower gasoline demand, amid increasing supply and fluctuating oil prices, has contributed to the national average moving downward. If demand continues to drop, as oil prices slide, drivers could see pump price increases slow and decreases grow this week.
Regional Prices:
Atlanta- $3.26
Most expensive Georgia metro markets – Hinesville-Fort Stewart ($3.32), Savannah ($3.30) and Valdosta ($3.29).
Least expensive Georgia metro markets – Gainesville ($3.19), Augusta-Aiken ($3.18) and Rome ($3.15).
Current and Past Price Averages (Regular Unleaded Gasoline)
 | Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Record High |
| National | $3.88 | $3.89 | $3.91 | $3.69 | $3.31 | $5.01 (6/14/2022) |
| Georgia | $3.25 | $3.26 | $3.22 | $3.20 | $3.14 | $4.49 (6/15/2022) |
| Click here to view current gasoline price averages |