Georgia drivers continue to see slight relief at the gas pump, with the state’s average price for regular unleaded gasoline dipping to $2.91 per gallon as of Monday, April 28, according to auto club group AAA.
That’s one cent lower than a week ago, four cents less than a month ago and 49 cents cheaper than this time last year.
Currently, it costs drivers about $43.65 to fill a 15-gallon tank — nearly $8.00 less than it did a year ago.
“Crude oil prices, which play a key role in determining what consumers pay at the pump, remain low, which is why we did not see an increase in pump prices,” AAA spokesperson Montrae Waiters said.
National trends mirror Georgia’s decline
Nationally, the average price for a gallon of regular gasoline also fell by a penny over the past week, landing at $3.14. As spring temperatures rise and travel activity increases, experts caution that demand could nudge prices upward in the coming weeks.
However, gas remains significantly cheaper compared to the same period last year, thanks in part to lower crude oil prices — currently around $62 per barrel, down from $82 a year ago.
Data from the Energy Information Administration (EIA) shows gasoline demand rising from 8.46 million barrels per day to 9.41 million, while total domestic gasoline supplies dropped from 234.0 million barrels to 229.5 million barrels.
Oil market
Meanwhile, oil prices continue to hover at lower levels. West Texas Intermediate (WTI) crude closed at $62.27 a barrel last Wednesday, down $1.40 from the day before. The EIA also reported a modest increase in crude oil inventories, which rose by 0.2 million barrels to 443.1 million barrels — about 5% below the five-year average for this time of year.
