Gas prices down, driving up
Government analysis shows the average household saving about $100 a month because of lower gas prices, and at least some of those savings are going to go right back into the gas tank.
Roughly three-quarters of Georgians plan to get away from home for at least a night this autumn, according to a survey released today by AAA.
Although nearly one-third of the travelers will be flying, three of every five travelers in the survey said the low price of gasoline makes a car trip more likely than it was a year ago.
“Driving may be the most cost-effective option for travelers,” said Garrett Townsend, spokesman for AAA in Georgia. “Low oil prices have pushed pump prices down, and gasoline could get another 10-20 cents cheaper as supplies rise and demand dips.”
Most of the trips – 85 percent — will be within the country, according to the survey, in which 400 Georgians participated, according to AAA.
A gallon of regular averages about $2.20 in metro Atlanta now, compared to $3.39 a year ago, according to AAA.
About the Author
Michael E. Kanell, the AJC's economics writer, has been reporting on jobs, housing and the economy at the AJC for nearly two decades. He has appeared on television and radio to analyze and report on business and economic developments.
