Georgia drivers continue to benefit from falling gas prices, with the average cost of regular unleaded gasoline dropping to $2.70 per gallon as of Monday. This marks a 4-cent decline from the previous week, a 29-cent decrease compared to last month, and a 39-cent drop from the same time last year.
Motorists filling a 15-gallon tank of regular gasoline now spend around $40.50, a savings of nearly $5 compared to a month ago. Prices vary slightly across the state, with Floyd and Gordon counties reporting averages of $2.65 per gallon. Bartow and Polk counties see slightly lower averages at $2.64, while drivers in Chattooga County enjoy the lowest rates at $2.52.
AAA spokeswoman Montrae Waiters credited the downward trend to the strength of the U.S. dollar, despite recent geopolitical tensions in the Middle East and the aftermath of Hurricane Milton. “Hurricane Milton caused chaos on Florida shores; fortunately, pump prices continued their downward trend in Georgia,” Waiters stated.
The national situation presents a contrasting picture. The average price for a gallon of regular gas in the U.S. climbed by 2 cents over the past week, reaching $3.20. Although Hurricane Milton disrupted demand in areas with damaged infrastructure, national fuel supplies remained largely unaffected. Overseas tensions between Iran and Israel have caused volatility in crude oil prices, though no sustained increases have occurred.
According to the Energy Information Administration, U.S. gasoline demand rose from 8.52 million barrels per day to 9.65 million barrels over the past week. While domestic gasoline stocks decreased from 221.2 million barrels to 214.9 million, production grew to 10.2 million barrels per day, providing some stability in supply.
