Buzz: Local, state gas prices mostly hold steady. Gordon Floyd Joint Development Authority is scheduled to meet this Wednesday.

Buzz: Local, state gas prices mostly hold steady. Gordon Floyd Joint Development Authority is scheduled to meet this Wednesday.

 

Georgia gas prices  hold steady at the pump compared to a week ago. Georgia motorists are now paying an average price of $2.00 per gallon for regular unleaded gasoline. Monday’s state average is 11 cents more than last month, and 65 cents less than this time last year.

It now costs motorists $30.00 to fill a 15-gallon tank of gasoline; that is $11.11 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“The Energy Information Administration’s (EIA) data shows gasoline demand and supply continue on a roller coaster ride,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group. “As motorists react to unfolding COVID-19 information, we are seeing driving behaviors related to filling-up ebb and flow.”

Since last Monday, the national average for a gallon of regular gasoline is $2.19, which is 1 cent higher than a week ago. From May to early July in 2019, gasoline demand averaged 9.5 million barrels a day. For the same time period this year, demand is measuring at 8 million barrels a day while gasoline stocks sit, on average, at a 24 million barrels surplus. The low demand and high supply are keeping gas prices relatively cheap for the summertime.


The Gordon Floyd Joint Development Authority is scheduled to meet this Wednesday at 2 p.m. in the boardroom of the Rome Floyd County Development Authority located at 800 Broad Street, Suite 102.

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