Dade, Walker and Catoosa Counties remain one of the least expensive metro area gas markets in the state, even with Monday’s gas price averages for the state of Georgia climbing by 3 cents more than a week ago. According to AAA, Georgians pay about 15 cents less to fill up at the pump than a year ago.
While the cause for the increase is speculation, it could be due to increased oil prices over talks that China’s demand would surge. Global moves and threats of extreme weather often cause gas prices to fluctuate.
On a National level, gasoline held steady at $3.06, according to data received from the Energy Information Administration. Demand for gasoline rose from 8.16 million barrels a day to 8.48 last week. Domestic gasoline production decreased averaging 8.9 million barrels daily as of last week. EIA states that regular grade gas retailed on average for $3.30 a gallon in 2024, which would make it 21 cents less than 2023.
According to EIA, the U.S. produced more crude oil than any other nation from 2018-2023 and they expect the trend to continue. The United States broke a U.S. and global record in 2023 for oil production and exceeded their previous record in 2019. EIA does not see any other country coming close to that record anytime in the near future.
As far as electric vehicles, the national average per kilowatt hour of electricity at an EV charging station remained at 34 cents, which has not moved for about 5 months.