ATLANTA — Gas prices continue holding steady in Georgia, according to the auto club AAA.
Drivers on Sunday were paying an average price of $2.14 per gallon, down fractions of a cent from last week. The state average has ranged between $2.14 and $2.17 for the past 20 consecutive days, AAA said.
Georgia ranks 18th for least expensive gas prices among all 50 states and the District of Columbia. Despite averaging 10 cents higher than this year’s low, the state average remains 32 cents less than this time last year.
The most expensive gas price averages in Georgia were in Hinesville-Fort Stewart at $2.18 per gallon, Atlanta at $2.17 and Savannah at $2.16.
The least expensive gas price averages were in Catoosa-Dade-Walker at $2.03 per gallon, Warner Robins at $2.05 and Dalton at $2.05.
Motorists in Butts County on Monday reported paying $2.21 per gallon, according to the price-tracking website GasBuddy.com.
Gas prices around the United States rose an average of 2 cents during the past week, AAA said. The national average price for regular unleaded was $2.28 per gallon.
“Drivers continue to find gas prices that are well below what they paid this time last year,” said Mark Jenkins, a spokesman forAAA. “Low oil prices have helped keep gas prices relatively low so far this year. However, prices should bounce higher this spring as demand climbs and refineries switch to a more expensive-to-produce summer-blend gasoline. AAA forecasts the national average to peak around $2.75 per gallon by Memorial Day weekend.”
Crude oil prices trended lower last week, AAA said. The U.S.benchmark West Texas Intermediate settled at $52.64 per barrel on Friday, $2.62 per barrel less than the week before. This was the first weekly decline in crude oil prices in five weeks, AAA said. Concerns reemerged late last week that the ongoing U.S.-China trade war could slow global demand. This overshadowed optimism in the market that OPEC cuts and sanctions against Venezuelan exports are helping to balance global supplies. So far this year, the highest daily settlement of WTI was $55.26 per barrel on Feb. 1.