State Gas Averages are 2 Cents Lower in Georgia Since Restoring Pipeline

Staff Report From Georgia CEO

Monday, September 26th, 2016

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. 

"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 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 a gallon. 

CURRENT AND PAST PRICE AVERAGES 

Regular Unleaded Gasoline