Peachtree Corners Gas Gauge: Prices Fall a Half-Penny, More Declines Possible

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Georgia motorists saw gasoline prices fall a half-penny last week, and the AAA says we could see lower prices in the coming weeks.

That could be due to declining oil prices, the AAA said in its weekly fuel briefing, which said a barrel of oil hit its lowest price since April, when gas prices were 20 cents cheaper.

“The decline at the pump is unlikely to be as dramatic as a 20 cent discount, but a few cents here and there is not out of the question,” said Mark Jenkins, spokesman, AAA - The Auto Club Group. “Usually gas prices respond more rapidly to rising oil prices than when oil prices fall. Prices at the pump aren’t as quick to fall when oil prices do because retailers first need to sell the gasoline in their tanks, which was purchased when gasoline was more expensive. Regardless, lower oil prices means it costs less to produce gasoline, which is good news for motorists.”.

Web Tools from AAA

• Daily Gas Prices
• Fuel Price Finder
• Top Ways to Save Money on Gas

The average price for regular unleaded gasoline in Georgia was $2.65 as of Sunday, the AAA said. That’s about five cents cheaper than a month ago, and 87 cents cheaper than last year.

The lowest price reported Monday in the area on AtlantaGasPrice.com was $2.53.

You also can use our Mapquest gas tool below to find the best price in town.

Note: The map below uses the location tied to your internet service provider. If the map is not local, type your ZIP code or town and state in the search box and press return.