Average gas prices reach new high

ATLANTA — In a report from AAA, gas prices are back on the rise, and this time prices are reaching a record high, along with the rising crude oil prices.

Georgia drivers are paying an average of $3.83 per gallon for regular unleaded gasoline. Monday’s state average is 12 cents more than a week ago, three cents more than last month and $1.08 more than this time last year.

It now costs motorists $57.45 to fill a 15-gallon tank of regular gasoline.

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“Georgia motorists saw a jump at the pump this weekend,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “The probable cause for the increase appears to be an uptick in demand and the high price of crude oil, which is stubbornly staying above $100 per barrel. High crude prices will likely contribute to gas prices remaining elevated this week.”

Since last Monday, the national average for a gallon of regular gasoline has increased by 13 cents to $4.31.

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According to data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 2.2 million barrels to 228.6 million barrels last week. However, gasoline demand increased slightly from 8.74 million barrels a day to 8.86 million barrels a day. Increasing gas demand and rising oil prices have pushed pump prices higher. Pump prices will likely go up as oil prices remain above $105 per barrel.

AAA provided a list of money-saving tips for drivers:

  • Shop around for gas prices. Drivers can check area gas prices on the AAA Mobile App.
  • Consider paying in cash vs. credit card. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Enroll in fuel savings programs.
  • Combine errands to limit driving time.
  • Slow down. Fuel economy diminishes significantly at highway speeds above 50 mph.
  • Drive conservatively and avoid aggressive driving. Aggressive acceleration and speeding reduces fuel economy.

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