Late-morning Tuesday, the average price of gas in metro Atlanta was $2.97 a gallon. That was virtually unchanged from Sunday and was two pennies less than a week ago, according to GasBuddy, a gas-finding app which tracks gas prices.
On Monday, metro Atlanta prices ranged from $2.65 a gallon a Costco and Sam’s Club in Buford to $3.97 at a Shell in Acworth.
Average price, a gallon of regular, metro Atlanta
Monday morning: $2.97
A week ago: $2.99
A year ago: $2.01
Ten-year high: $4.00 (2011)
All-time high: $4.11 (2005)
There were no reports of stations being out of fuel.
“I wouldn’t worry about shortages,” said Patrick De Haan, GasBuddy’s head of petroleum analysis.
The most likely reason for stations to run out of fuel now would be a panicked reaction from drivers queuing up for unneeded refills, not a true shortage, De Haan said. “If there’s anything to worry about, it’s the human response.”
The destruction of Hurricanes Katrina and Rita caused shortages of gasoline supplies and soaring prices. Afterwards, companies like Colonial rebuilt their equipment to withstand the more powerful storms, he said.
When Colonial’s pipeline was shut down in May, the cause was a software hack, not a storm.
That cyberattack caused a spike in local gas prices and fuel shortages at metro Atlanta gas stations that lasted several days.
Colonial’s 5,500-mile-long pipeline starts in Texas on the coast of the Gulf of Mexico and supplies about 45% of the East Coast’s gasoline, diesel and jet fuel. The Southeast is even more reliant. Colonial delivers more than 70% of transportation fuels to Georgia, South Carolina, North Carolina and Virginia, according to the federal Energy Information Administration, including to crucial arteries such as Hartsfield-Jackson International Airport.