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Peach Tree Times

Monday, December 23, 2024

Fuel Analysis: Average Georgia driver will spend $50.13 more on gas this August

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The average Georgia driver will pay $50.13 more at the pump in August 2022 than they did in August 2021, according to an analysis of gas prices from the AAA motor club and Federal Highway Administration (FHA) data by Peach Tree Times.

Georgia drivers will pay an average of $3.76 per gallon of regular gasoline this month versus $2.97 last year. This is a 26.8 percent increase equaling $0.79 per gallon.

Of the 15 Georgia metropolitan areas analyzed, drivers in Athens faced the largest price hike at the pump in the last year of $54.86. Albany was spared the worst pain, with the price of gas rising $33.59 from August 2021 to August 2022.

Gas prices across the US hit a seven-year high following a significant drop at the beginning of the COVID-19 pandemic.

The price of gas, derived from the cost of oil manufactured around the world, has the power to substantially change the free market and influence many industries.

A short-term outlook report from the US Energy Information Administration predicted gas rates will fall throughout 2022.

Georgia drivers average 1,527.8 miles and use 63.1 gallons of gasoline per month, according to the FHA.

Georgia gas price difference - August 2021 vs. August 2022

Market20222021CHG%Total increase
Athens$3.82$2.96$0.8729.4%$54.86
Brunswick$3.86$2.99$0.8729.1%$54.86
Atlanta$3.83$2.99$0.8428.1%$53.03
Dalton$3.72$2.91$0.8127.8%$51.08
Hinesville-Fort Stewart$3.84$3.03$0.8126.6%$51.01
Rome$3.71$2.91$0.8027.6%$50.70
Savannah$3.84$3.05$0.7926.1%$50.13
Augusta-Aiken (GA only)$3.68$2.91$0.7726.4%$48.55
Catoosa-Dade-Walker$3.64$2.87$0.7726.8%$48.49
Gainesville$3.69$2.96$0.7324.7%$46.09
Macon$3.66$2.94$0.7224.5%$45.52
Columbus (GA only)$3.60$2.91$0.6923.8%$43.69
Warner Robins$3.47$2.87$0.6020.8%$37.75
Valdosta$3.49$2.95$0.5418.3%$34.03
Albany$3.46$2.93$0.5318.2%$33.59

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