Gas prices declined over the weekend and that trend should continue this week.

Gas prices in Georgia declined 1-cent over the weekend. The Georgia state average of $2.80 per gallon is 2 cents more than a week ago, 7 cents more than last month, and 35 cents more than this time last year.

The most expensive gas price averages in Georgia are in Atlanta ($2.84), Athens ($2.84), and Gainesville ($2.82)

The least expensive gas price averages in Georgia are in Augusta-Aiken ($2.68), Columbus ($2.70), and Warner Robins ($2.70)

"Fuel prices plunged on the stock market last week, which should clear the way for a significant discount at the pump," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Motorists should see a 5-10 cent drop or more in the next 10 days. This is the type of downward movement we normally see at the pump during the fall. However, upward pressure could easily return later this month, as the market braces for U.S. sanctions against Iranian crude, and what that might mean for global supply and demand."

Fuel Picture

Last week on the stock market

U.S. crude oil prices dropped $3 per barrel

U.S. gasoline prices declined 14 cents

Supply and Demand (Weekly Energy Information Administration Report)

U.S. Crude Oil

Production reached a new record high. At 11.2 million barrels per day, total crude output is nearly 18 percent higher than this time last year.

Supply levels increased for the third consecutive week - registering nearly 1.5 percent higher than the week before. Although U.S. oil stocks are higher than last month, they remain 11 percent below last year's levels.

U.S. Motor Gasoline

Supplies rose by nearly a half percent, and are nearly 7 percent stronger than this time last year.

Production rates dipped by nearly 2.5 percent, yet remain on pace with this time last year.

Gasoline demand, according to EIA measurements, is 2.7 percent stronger than this time last year.