Georgia has seen the largest monthly decrease in gas prices nationwide as the U.S. continues to recover from the aftermath of recent hurricanes.
The average price per gallon of unleaded regular has fallen 29 cents to $2.38, compared to $2.67 cents in September, according to AAA. The price per gallon is eight cents cheaper than the national average of $2.46.
South Carolina had the second largest decrease at 27 cents and unleaded regular now averages $2.21.
“The national average gas price is lower for the sixth straight week, the longest such decline since the summer of 2016,” said Patrick DeHaan, head of petroleum analysis for GasBuddy, a technology company that tracks gas prices. “Perhaps even more wild is that the national average has now remained under $3 per gallon for nearly 3 years, or 1,087 days as the days of cheap oil have continued. While recent actions from OPEC may cause oil prices to hold above the key $50 per barrel level, there is no threat of a quick return to the $3 per gallon days. In fact, the national average may continue to decline for a few weeks before leveling off as gasoline inventories continue to heal after Harvey.”
In the Augusta-Aiken area, gas prices have dropped 26 cents compared to last month. The price of a gallon unleaded regular is now $2.31.
The bad news is that gas is still higher than it was this time a year ago. Consumers in the Augusta area paid $2.13 per gallon in October 2016.
“Despite recent declines, the residual impact of last month’s hurricanes linger,” said Jeanette Casselano, AAA director of public relations. “Drivers continue to pay in excess of 20 cents more for a gallon of gasoline than they did in 2016, which may prove challenging for those looking to put away some extra cash for the holidays.”