ATLANTA — Georgia gas prices have stopped falling after reaching record highs, according to numbers from AAA.
The average price for a gallon of regular in Georgia stands at $3.72, the same as one week ago.
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The AAA average is $3.75 in the metro Atlanta area, also unchanged from one week ago.
Across Georgia, AAA says it costs an average of $55.65 to fill up a 15-gallon tank with regular.
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Prices in metro Atlanta are down from the record high average of $4.33 the area reached on Mar. 11.
“Unfortunately, we can’t predict how long gas prices will remain under $4 dollars for Georgians. But, should anticipate price fluctuations at the pump in the lead up to Memorial Day Weekend.” said AAA spokeswoman Montrae Waiters.
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Georgia Gov. Brian Kemp signed a bill in March to suspend the state’s gas tax through May 31 to provide some relief.
The suspension means gas distributors, not direct consumers, pay 30 cents less per gallon for gas and 33 cents less per gallon for diesel.
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Since last Monday, AAA says gasoline demand decreased slightly from 8.87 million barrels a day to 8.74 million barrels a day. Although lower gas demand would typically push pump prices lower, the fluctuating oil price and tight gasoline supply pushed pump prices higher.
AAA expects prices to face upward pressure as oil prices remain above $100 per barrel.
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