Pump prices will get more expensive this week, due to rising geopolitical tensions in the middle east. The conflict in Syria sent crude prices to their highest point in more than three years, and as a result, motorists are about to feel the pain at the pump.
The national average price for gasoline is the highest in more than two years. Sunday’s average of $2.71 is the highest since July 2015. Georgia gas prices are the most expensive since last September, when prices were recovering from Hurricane Irma. Sunday’s average of $2.64 is 6 cents more than last week, and 35 cent more than last year. Visit GasPrices.AAA.com for today’s state average price.
- The most expensive gas price averages in Georgia are in Atlanta ($2.67), Brunswick ($2.66), and Savannah ($2.66)
- The least expensive gas price averages in Georgia are in Augusta-Aiken ($2.54), Catoosa-Dade-Walker ($2.54), and Warner Robins ($2.55)
“Motorists should expect a 15 cent increase at the pump in the short term,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “However, prices could rise even more, depending on how the crude market responds to the latest news of a U.S. missile strike over the weekend.”
Crude prices rose more than $5 last week, which was the largest weekly increase in more than eight months. Crude is climbing due to the potential of U.S. sanctions against Syria’s sponsors: Russia and Iran. Syria has not exported oil since civil war broke out in 2011. However, the country receives fuel deliveries from Iran.
Crude oil closed at $67.39 per barrel on Friday, the highest daily settlement since December 2014. Wholesale gasoline prices responded in kind, rising nearly 15 cents.
Fuel prices are once again vulnerable to conflict in the middle east, because global supplies are tightening. The OPEC and Non-OPEC production cut agreement is eliminating the global oil supply glut that led to lower prices in recent years. OPEC expects the oil market to rebalance in Q2 or Q3 of this year.
Gas Price Tools for Reporters/Consumers
- GasPrices.AAA.com – Daily national, state, and metro gas price averages.
- AAA Mobile app – Free app that shows current prices at a gas station near you.
Highs and Lows of 2018
- National: the highest average price for gasoline was $2.70 on April 13; the lowest was $2.49 on January 3.
- Florida: the highest average price was $2.68 on February 8; the lowest was $2.44 on January 2.
- Georgia: the highest average price was $2.61 on April 13; the lowest was $2.35 on January 2.
- Tennessee: the highest average price was $2.50 on April 13; the lowest was $2.26 on January 1.
CURRENT AND PAST PRICE AVERAGES
 |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Highest Price on Record |
| National | $2.711 | $2.707 | $2.662 | $2.527 | $2.406 | $4.114 (7/17/2008) |
| Florida | $2.627 | $2.625 | $2.614 | $2.517 | $2.421 | $4.079 (7/17/2008) |
| Georgia | $2.638 | $2.631 | $2.575 | $2.392 | $2.289 | $4.164 (9/15/2008) |
| Tennessee | $2.517 | $2.513 | $2.460 | $2.305 | $2.176 | $4.118 (9/15/2008) |
| Click here to view current gasoline price averages | ||||||
Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.
About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.5 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.
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