Monday, May 5, 2025–10:10 a.m.
-AAA South-
Georgia gas prices saw little movement at the pumps compared to a week ago.
Georgians are now paying an average price of $2.92 per gallon for regular unleaded gasoline, which is a penny higher than a week ago, but still 13 cents lower than a month ago, and 54 cents lower than last year.
It costs drivers an average of $43.80 to fill a 15-gallon tank of regular gasoline. Georgians are paying $8.10 less to fill up at the pump than a year ago.
“Georgia gas prices saw minimal or no change at the pumps across the state,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “However, the unpredictable atmosphere surrounding tariffs and their impact on the global stage could push those prices higher this week.”
Local averages on Monday were $2.82 in Floyd County, $2.84 in Gordon County, $2.85 in Bartow County, and $2.87 in Polk County.
Chattooga County continues to have the lowest average price at $2.76 a gallon.
Nationally
Quiet Week at the Pump as Gas Prices Fluctuate Slightly
Since last Monday, the national average price for a gallon of regular gasoline has increased by 2 cents to $3.16, subject to change overnight. Even though this is the time of year when we typically see seasonal increases and rising demand, crude oil prices have been plunging. A couple of factors are at play: economic concerns and the decision by OPEC+ (the group of oil-producing countries) to increase output and add more oil to the market, despite tepid demand. The lower the oil price, the less drivers pay at the pump. The national average is almost 50 cents less than it was this time last year.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 9.41 barrels a day last week to 9.09. Total domestic gasoline supply decreased from 229.5 million barrels to 225.5 million barrels.
Oil Market Dynamics
At the close of last Wednesday’s formal trading session, WTI fell $2.21 to settle at $58.21 a barrel. The EIA reports that crude oil inventories decreased by 2.7 million barrels from the previous week. At 440.4 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.