Georgia Gas Prices Hit 2018 High
Tuesday, March 27th, 2018
Georgia motorists are finding some of the most expensive gas prices in five months. The state average of $2.50 is the highest since October. Pump prices have steadily climbed for the past 11 days, rising a total of 11 cents.
The most expensive gas price averages in Georgia are in Savannah ($2.54), Brunswick ($2.54), Hinesville-Fort Stewart ($2.53), and Atlanta ($2.51)
The least expensive gas price averages in Georgia are in Dalton ($2.43), Catoosa-Dade-Walker ($2.43), and Warner Robins ($2.44)
"Gasoline demand has been very strong the past few weeks, as Americans travel for spring break," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "This robust gasoline demand, coupled with lower supply levels, are setting the stage for rising prices in the coming weeks."
Crude oil prices rose $3.82 per barrel last week. Friday's settlement of $65.88 is the highest daily settlement since January 26.
Gasoline futures prices rose 11 cents last week. exceeding $2 for the first time since Hurricane Harvey struck the Texas coast last August.
Wholesale gasoline prices rose 9 cents last week, returning to levels not seen since January.
Average Gas Price in March
2014 2015 2016 2017 2018
National $3.51 $2.43 $1.93 $2.30 $2.55
Florida $3.53 $2.46 $1.96 $2.29 $2.53
Georgia $3.35 $2.26 $1.87 $2.18 $2.43
Tennessee $3.26 $2.18 $1.75 $2.05 $2.33
Highs and Lows of 2018
National: the highest average price for gasoline was $2.67 on February 6; the lowest was $2.49 on January 3.
Florida: the highest average price in was $2.68 on February 8; the lowest was $2.44 on January 2.
Georgia: the highest average price is $2.50; the lowest was $2.35 on January 2.
Tennessee: the highest average price was $2.41 on February 7; the lowest was $2.26 on January 1.