Gas prices fall in Georgia

Gas prices continue to fall in the southeast and Georgia prices dropped almost a nickel during the past week.
The 4.5 cent drop is the latest in a decline over the past 40 consecutive days, to a total drop of 37 cents according to AAA’s weekly fuel price report.

Despite the downward trend, the state average is still about 18 cents higher than pre-Hurricane Harvey levels.
The report showed that on average, gas prices are $2.40 in the state.
Albany had the lowest gas price averages at $2.27. That’s lower than the usual front runner, Augusta-Aiken, with prices at $2.32 this week.
Mark Jenkins, spokesman for AAA said “Motorists should expect another round of discounts at the pump this week.”

However, retail prices remain about 5-10 cents higher than where they should be, based on current fundamentals, added Jenkins.
Demand for gasoline has declined by 3.6 percent during the week ending October 13 as gasoline stocks continue to rise nationally.

Oil prices gained almost a dollar last week after EIA reported a 5.7 million barrel decline in oil supply and a 1 million barrel drop in production.
Gas price trend website reports average gas price for the state was $2.36 a gallon, down 4.2 cents from the past week. The website reports Atlanta’s price was the highest in the state at $2.41 and Augusta was the lowest at $2.26.