Georgia Gas Prices Remain Below National Average, Still 50% Higher Than When Biden Took Office

Georgia gas prices remain below the national average and have declined in the last week, according to a new report. 

As the national average price per gallon of gasoline is at $3.47, “Georgia drivers are now paying an average price of $3.34 per gallon for regular unleaded gasoline. Monday’s state average is 5 cents less than a week ago, 52 cents more than a month ago, and 10 cents more than this time last year. It now costs $50.10 to fill a 15-gallon tank of regular gasoline,” Fox 5 Atlanta reported, citing AAA.

The gas prices in Georgia reflect the spike in prices that has occurred nationally since President Biden took office in January 2021. Currently, Georgia drivers are paying about $1.10 per gallon more than they were when Biden took office – a 50% surge in gas prices. 

The surge in gas prices was driven by Biden’s aggressive policies to end gas and oil use, including canceling the Keystone XL oil Pipeline and blocking new federal leases for oil and gas drilling.

Following backlash, Biden worked to bring down oil and gas prices but was largely unsuccessful. In an attempt to help Biden, American Petroleum Institute (API) CEO Mike Sommers sent the president a letter with advice on how to reduce gas prices, which included a 10-point plan Biden could follow. 

“While members of your administration have recently discussed the need for additional supplies to solve the energy crisis, your administration has restricted oil and natural gas development, canceled energy infrastructure projects, imposed regulatory uncertainty and proposed new tax increases on American oil and gas producers competing globally,” Sommers wrote. “Respectfully, the American people need a different direction to solve this crisis.”

“API’s ‘10 in 2022 Plan’ outlined above offers this new direction,” Sommers added. “The plan has the potential to lead to an era of collaboration between the government and the private sector to meet our growing energy needs and to provide a measure of relief for the American people. We request the opportunity to work with your administration to help maintain the United States’ essential leadership position in the world.”

D & B Staff

More from this show

Subscribe

Episode 24