An increase in the price per gallon of oil helped push up gasoline prices in Georgia and Cobb County.
According to the weekly press release from Montrae Waiters, spokesperson for AAA – The Auto Club Group, Georgia drivers now pay an average of $3.13 per gallon for regular unleaded.
“Over the past few weeks, we’ve seen the price of oil rise from $60 a barrel to over $80 a barrel,” Waiters said. “Since the price of oil is about half of what consumers pay at the pump, rising oil prices will likely lead to higher gasoline prices for Georgians.”
The price of a gallon of regular unleaded in Cobb County is $3,156 at the time of this writing, about three cents more expensive than the state average.
It is always possible to find lower than average gas prices by comparing prices or using tools like http://gasbuddy.com.
What are the national trends?
AAA’s weekly report stated the following on national oil and gas trends: ‘
Since last Monday, the national average for a gallon of regular gasoline has increased by 2 cents. According to data from the Energy Information Administration (EIA), total national gasoline inventories increased by 5.9 million barrels to 246.6 million barrels last week. On the other hand, gasoline demand increased slightly, from 7.91 million barrels per day to 8.22 million barrels per day. The small increase still puts gas demand in a typical range for the winter driving season, which was 8.11 million barrels per day in mid-January 2021. Generally, prices at the pump are falling due weak gas demand and an increase in total inventories, but continued growth in the price of crude oil has helped push up prices at the pump. As crude prices continue to climb, prices at the pump will likely follow.
According to AAA:
AAA updates gas price averages daily at www.GasPrices.AAA.com. Every day, up to 130,000 stations are queried based on credit card swipes and direct feeds in cooperation with the Petroleum Price Information Service (OPIS) and Wright Express for unparalleled statistical reliability. All average retail prices in this report are for one gallon of regular unleaded gasoline.