Monday, April 14, 2025–8:45 a.m.
-AAA South-
The average gas price in Georgia decreased at the pumps compared to a week ago.
Georgians now pay an average price of $2.98 per gallon for regular unleaded gasoline.
Monday’s state average is 6 cents lower than a week ago, 8 cents higher than a month ago, and 45 cents lower than last year. It costs drivers an average of $44.70 to fill a 15-gallon tank of regular gasoline. Georgians are paying almost $7.00 less to fill up at the pump than a year ago.
“Several factors contributed to the drop in gas prices,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Lower crude oil prices, demand has tapered off now that Spring Break has ended in Georgia and a hefty gasoline supply in the U.S.”
Local averages on Monday were $2.90 in Floyd County, $2.92 in Chattooga County, $2.95 in Gordon County, $2.96 in Bartow County, and $2.99 in Polk County.
Nationally
Gas Prices Reverse Course
Since last Monday, the national average price for a gallon of regular gasoline has decreased by 7 cents to $3.18, subject to change overnight. Prices at the pump are coming down even though this is the time of year when gas prices go up. Supply and demand are the main reasons for the dip. After OPEC+ announced its increasing oil production for next month by more than 400,000 barrels a day – much more than expected – the price of crude oil has been falling. Oversupply and tepid gasoline demand are resulting in lower pump prices.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.49 barrels a day last week to 8.42. Total domestic gasoline supply decreased from 237.6 million barrels to 236.0. and gasoline production decreased, averaging 8.9 million barrels per day.
Oil Market Dynamics
At the close of last Wednesday’s formal trading session, WTI rose $2.77 to settle at $62.35 a barrel. The EIA reports that crude oil inventories increased by 2.6 million barrels from the previous week. At 442.3 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.