Georgia Gas Prices Hit 2018 High

Staff Report From Georgia CEO

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.