The average price per gallon of regular unleaded gas in Georgia as of today is $2.524($2.333 one week ago) and nationally $2.635($2.507 one week ago). Georgia is in the Top 10 for the largest weekly increases in the nation.
According to AAA, the forced shutdown of Gulf Coast and some Mid-West refineries due to last week’s winter weather, gasoline stocks have tightened and gas prices have skyrocketed. 66% of state averages spiked by double digits, driving the national average up by 13 cents to $2.63, which is the most expensive national average since October 2019.
“When close to 40% of U.S. crude production is offline because refineries are closed, there is going to be pain at the pump until operations resume,” said Jeanette Casselano McGee, AAA spokesperson. “The good news is the nearly two dozen impacted refiners are expected to restart operations this week, if they haven’t already. That means regular gasoline deliveries will resume and impacted stations will be re-fueled.”
Refinery outages were reported in Texas, Louisiana, Oklahoma, Arkansas, Tennessee and Kansas last week.
Gas prices are expected to be unstable until crude production is back to normal. More expensive prices are likely to stick around, but large spikes should subside.
- The nation’s top 10 largest weekly increases: Ohio (+22 cents), Arizona (+21 cents), Iowa (+19 cents), Minnesota (+18 cents), Georgia (+18 cents), Michigan (+17 cents), Wisconsin (+16 cents), Nebraska (+16 cents), Indiana (+16 cents) and Maryland (+15 cents).
- The nation’s top 10 least expensive markets: Mississippi ($2.27), Louisiana ($2.31), Texas ($2.32), Arkansas ($2.35), Alabama ($2.35), Oklahoma ($2.36), Utah ($2.38), Missouri ($2.38), Tennessee ($2.40) and South Carolina ($2.42).