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Average gas price drops 3 cents in a week in Newton County
Gas prices

ATLANTA — Newton County and Georgia's gas price averages today, Feb. 6, dropped at the pump compared to a week ago. 

Newton County's average price for a gallon of unleaded regular gas was $3.36 — down 3 cents from $3.39 on Jan. 30, according to information from AAA-The Auto Club Group.

The county's average price was higher than all its contiguous counties except Jasper where it was $3.41. The lowest price was found in Henry County at $3.28.

Metro Atlanta's average price for unleaded regular was $3.34, also a decrease from a week ago. Average prices for other grades of fuel in Metro Atlanta were $3.72 for mid-grade, $4.08 for premium and $4.65 for diesel. 

Statewide, drivers are now paying an average price of $3.34 per gallon for regular unleaded gasoline which 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. Drivers are now paying almost $2.00 more to fill up at the pump compared to a year ago.

“Georgians finally felt relief at the pumps this weekend,” said Montrae Waiters, AAA-The Auto Club Group spokeswoman. “Despite rising gas demand across the U.S. and recently elevated oil prices, the growth in total supply has helped to limit pump price increases.”

Since last Monday, the national average for a gallon of regular gasoline has decreased by 3 cents to $3.47. 

Data from the Energy Information Administration showed gas demand rose from 8.14 to 8.49 million barrels a day last week. Meanwhile, total domestic gasoline stocks increased by 2.6 million barrels to 234.6 million barrels, AAA reported. 

At the close of last Wednesday’s formal trading session, WTI decreased by $2.46 to settle at $76.41. Crude prices fell last week after the U.S. Federal Reserve increased interest rates and signaled that more increases are possible. As a result, the market believes oil demand could be less than expected this year, pulling prices down, AAA reported.