GA is close to breaking records for all-time high gas prices

Georgia drivers are paying nearly $1 more per gallon than they were a year ago, and prices at the pump are predicted to rise even more. The U.S.-Iran conflict that began in late February disrupted global oil supply through the Strait of Hormuz, triggering the largest monthly increase in the gas price index since the Bureau of Labor Statistics 1967.

Monday’s AAA national average for gas prices was $4.57, while this time last year, the average price per gallon was $3.16.

Based on statistics from the U.S. Department of Energy, the national average $1.04 price increase translates to about $38 more in monthly gas costs for a car and $55 more for a light truck

Where Georgia stands now

Georgia has historically been one of the cheaper states to fill up, but drivers have seen increasingly steep prices lately. These statistics from AAA are current as of publication of this article.

Current gas prices

• Statewide average per gallon: $4.45
• Last year’s average: $2.93
• Drivers filling up twice a month: extra $45.60 a month

Georgia is close to record-breaking gas prices

Georgia hasn’t broken its all-time record yet, but it’s getting closer, and some analysts aren’t ruling it out. As of late April, Brent crude oil had exceeded $100 per barrel, which is 40% above the price prior to the Iran conflict.

• Current record: $4.54 set in June 2022 during the Russia-Ukraine conflict
• Current prices are the highest since July 2022

Energy analysts at the U.S. Energy Information Administration and major global banks project that oil and gas prices will remain elevated through late 2026

Find the cheapest gas near you

As prices climb, there are ways for consumers to find the best prices

• GasBuddy
• Google Maps to compare real-time prices at nearby stations
• Warehouse clubs like Costco and Sam’s Club
• Check NerdWallet for credit cards with gas rewards
• Fill up mid-week. Prices rise heading into weekends and holidays.