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Local, News 0

Gas Prices Continue to Drop in Georgia

By Rick Limpert @RickRoswell · On April 21, 2020

Georgia gas prices continues to decrease at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.67 per gallon for regular unleaded gasoline. Monday’s state average is 4 cents less than a week ago, 34 cents less than last month, and $1.01 cent less than this time last year.

It now costs motorists $25.05 to fill a 15-gallon tank of gasoline; that is $16.05 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“Every U.S. region is seeing builds in gasoline inventories and crude storage, which drives pump prices even cheaper,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “With Americans following stay at home orders and refiners producing excess gasoline, Georgia motorists are likely to see gas prices continue to decline this week.”

Since last Monday, the national average for a gallon of regular gasoline has decreased by 5 cents to $1.81. In its latest weekly report, the Energy Information Administration (EIA) released new data that shows total domestic gasoline stocks grew by 4.9 million barrels last week to 262.2 million barrels, which is 34.3 million barrels more than last year’s level at this time. Meanwhile, gas demand registered at 5.1 million barrels a day for a second week.

Crude prices have fallen steadily as the global public health, financial and economic impact of COVID-19 has increased. As a result of COVID-19, the International Energy Agency’s (IEA) new monthly report for April 2020 revealed that global oil demand is projected to hit a 25-year low and fall by a record 9.3 million barrels a day this year. According to IEA, global crude demand for April 2020 is expected to be 29 million barrels a day lower than April 2019 — a level unseen since 1995.

Regional Prices

Atlanta ($1.67)

Most expensive Georgia metro markets –Hinesville-Fort Stewart ($1.85), Brunswick ($1.82) and Savannah ($1.76).
Least expensive Georgia metro markets – Dalton ($1.40), Rome ($1.48) and Athens ($1.51).
CURRENT AND PAST PRICE AVERAGES (Regular Unleaded Gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago 2019 Low 2019 High Record High
National $1.81 $1.82 $1.86 $2.19 $2.83 $2.23 (January) $2.90 (May) $4.11 (7/17/2008)
Georgia $1.67 $1.67 $1.71 $2.01 $2.68 $2.04 (January) $2.74 (April) $4.16 (9/15/2008)

AAAgas pricesgeorgia
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Rick Limpert

Rick Limpert is an Atlanta-based freelance writer that covers events, sports and technology on a regional and national basis. He writes a daily tech column for Examiner.com, weekly pieces for CBS Atlanta and monthly for the Atlanta Journal-Constitution. He has contributed to Yahoo News and Sports, Sports Illustrated, NBA.com and others. He co-authored the best selling tennis book, "The Invaluable Experience" with pro tennis player, Danielle Lao. Rick's "Wireless Wednesday" tech segment on SportsRadio 92.9 The Game is something Rick looks forward to each week. Follow Rick on Twitter @RickRoswell.

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