Westside stations are cheapest, with Newton’s average gas price unchanged from last week
COVINGTON, Georgia. – The West Side of Newton had the cheapest gasoline on Monday, Nov. 29, as the county’s average cost of a gallon of regular gas was unchanged from last week.
GasBuddy.com price reports showed stations along Salem Road had the lowest prices in the county, ranging from $ 2.96 to $ 2.99 on Sunday.
Prices rose as motorists moved east through the county, with the cheapest gasoline found in central and eastern Newton along the US Hwy. 278, $ 3.14 and Alcovy Road, $ 3.16.
Since November 22, the Atlanta metropolitan average has fallen 2 cents to $ 3.24, the statewide average has fallen 2 cents to $ 3.22, and the national average has declined by a dime at $ 3.39.
The county average cost was $ 3.22, which was higher than the average for neighboring counties of Rockdale and Walton ($ 3.20) and Henry ($ 3.18); the same as Morgan ($ 3.22); and lower than Butts ($ 3.23) and Jasper ($ 3.29), according to AAA-The Auto Club Group.
Metro Atlanta averages for other fuel grades on Monday were $ 3.56 for the mid-range, $ 3.90 for the super, and $ 3.49 for the diesel.
It cost Georgia motorists an average of $ 48.30 to fill a 15-gallon gas tank; that’s $ 11.40 more than motorists paid in January 2020 when prices at the pump hit their peak of $ 2.46 per gallon, according to Montrae Waiters, spokesperson for AAA-The Auto Club Group.
“Crude oil prices have fallen slightly, indicating that Georgians are seeing some relief at pumps across the state. The price of oil is about 50-60% of what consumers pay at the pump, so a lower price of oil generally translates into better gasoline prices for drivers, ”Waiters said in a statement. hurry.
According to data from the Energy Information Administration (EIA), total national gasoline inventories declined slightly from 600,000 barrels to 211.4 million barrels last week. On the other hand, gasoline demand rose from 9.24 million barrels per day to 9.33 million barrels per day, according to the statement.
In general, growing demand and tight supply would encourage higher prices at the pump, but recent fluctuations in the price of crude oil have helped stabilize and put downward pressure on prices. However, as long as the price of oil hovers around $ 80 a barrel, drivers should expect prices at the pump to remain high, according to AAA.
President Joe Biden recently announced that the federal government will make available up to 32 million barrels of oil held in the United States Strategic Petroleum Reserve (SPR) and accelerate the sales schedule for an additional 18 million barrels of SPR petroleum, as mandated by Congress. . However, the magnitude of the impact on prices and the duration of the price relief will depend on the total amount of oil that enters the market after coordinated releases around the world.
As a result, drivers could see some price relief at the pump in the coming weeks, but they should expect prices to remain higher than during the holiday season of last year and into 2019, AAA reported.