Buzz: Gas prices drop a couple of cents vs. last week as summer ‘ends.’

Buzz: Gas prices drop a couple of cents vs. last week as summer ‘ends.’

Georgia gas prices  decreased slightly at the pump compared to a week ago. Georgia motorists are now paying an average price of $1.97 per gallon for regular unleaded gasoline. Monday’s state average is 2 cents less than a week ago, 2 cents less than last month, and 57 cents less than this time last year.

It now costs motorists $29.55 to fill a 15-gallon tank of gasoline; that is $11.55 less than what motorists paid in April of 2019, when pump prices hit their peak of $2.74 per gallon.

“Pump prices continue to decrease across the state due to lower than normal U.S. gasoline demand and healthy stock levels,” said Montrae Waiters, spokeswoman, AAA – The Auto Club Group.

Since last Monday, the national average for a gallon of regular gasoline has decreased by a penny to $2.17.  In the new weekly report from the Energy Information Administration (EIA), gas demand fell from 8.8 million barrels a day to 8.6 million barrels a day. Decreasing demand for gasoline has helped pump prices to stabilize, and if demand continues to drop, pump prices could push cheaper in the coming week.

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