ATLANTA — Georgia gas prices are up this week compared to a week ago, according to the auto club AAA.
Georgia motorists are now paying an average price of $2.54 per gallon for regular unleaded gasoline. Monday’s state average was 10 cents more than a week ago, 6 cents less than this time last month and 16 cents less than this time last year.
It now costs $38.10 to fill a 15-gallon tank of gasoline, AAA said. That is $4.50 less than what motorists paid last May, when pump prices hit their 2018 peak of $2.84 per gallon.
“Georgia gas prices may seem high now, but the state average is still less than last year’s high,” said Montrae Waiters, a spokeswoman for AAA. “A major factor driving the increase includes the upcoming Independence Day holiday, which is expected to be a high-demand travel period.”
The club expects 41.1 million Americans to travel by automobile, Waiters said.
In Georgia, the most expensive metro markets were Atlanta at $2.59 per gallon, Athens at $2.55, Gainesville at $2.54 and Hinesville-Fort Stewart at $2.53.
The least expensive metro markets were Catoosa-Dade-Walker-Columbus at $2.40 per gallon, Albany and Warner Robins at $2.41.
Motorists in Butts County on Monday reported paying $2.53 to $2.59 per gallon, according to the price-tracking website GasBuddy.com.
Pump prices have increased as gasoline stocks decreased and demand remains robust, AAA said. According to the Energy Information Administration’s data for last week, total domestic gasoline stocks fell by 1 million barrels to 232.2 million barrels. On the demand front, it fell from the previous week’s record-setting 9.9 million barrels per day to 9.5 million, which is in line with last summer’s rate at this time, AAA said.
If gas stocks continue to dwindle alongside typical demand rates seen during the busy summer driving season, American motorists will likely see pump prices continue to increase ahead of the Independence Day holiday, the club said.