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HomeNewsAAA reports Gas Prices begin to fall after Leak

AAA reports Gas Prices begin to fall after Leak

AAATampa, FL – Florida motorists continue to enjoy daily discounts at the pump. Meanwhile, gas prices in Georgia and Tennessee are letting up after a leak in the Colonial Pipeline suppressed gasoline supplies in six states.  

During the 12-day shutdown to line 1, state average prices rose 28 cents in Georgia and 17 cents in Tennessee. Since restoring flow to Line 1 on Wednesday, state averages are 2 cents lower in Georgia and fractions of a penny less in Tennessee.

Oil Prices Decline
Oil Prices Decline

“The reduction in pump prices are a good sign that supplies are reaching the areas most affected by the outage,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “It could take a couple of weeks, but prices should eventually return to levels seen before the leak, then fall in-line with other states as they follow a downward trend through the rest of the year.”

Despite the recent surge in gasoline prices, Georgia and Tennessee state averages are a little more than a dollar less than two years ago, when prices exceeded $3.00 a gallon.

Florida Gas Prices Still Falling

Gas prices in Florida were largely unaffected by the Colonial outage, because the state doesn’t rely on the pipeline for fuel deliveries. Instead, gasoline is shipped in via waterborne tankers, from refineries in Texas, Mississippi and Louisiana. Florida’s state average declined for the 25th consecutive day on Sunday, for a total discount of 8 cents.

Florida’s state average of $2.15 is $1.14 less than this time two years ago, when prices exceeded $3.00 a gallon.

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Two Years Ago
National $2.208 $2.211 $2.200 $2.198 $2.291 $3.345
Florida $2.147 $2.148 $2.157 $2.218 $2.144 $3.288
Georgia $2.351 $2.356 $2.260 $2.099 $2.152 $3.292
Tennessee $2.163 $2.163 $2.101 $2.016 $1.998 $3.130
Click here to view current gasoline price averages

 

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 120,000 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, travel, insurance and financial services offerings to over 9 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 56 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.

 

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