Drivers in Stone Mountain, Snellville and Suwanee might be doing double takes on Friday with the official arrival of gas prices under $3 a gallon.
It was just a week ago that experts who follow fuel price trends predicted the average price of gas would fall below $3 by Halloween, but the barrier had already been broken in some areas outside of metro Atlanta.
That’s no longer the case.
At some Kroger, Murphy USA, QuikTrip, Shell and Raceway stations in DeKalb and Gwinnett counties, the price for regular unleaded gas was between $2.95 and $2.99 a gallon Friday, according to the latest updates on atlantagasprices.com.
In Stone Mountain in DeKalb, a Kroger on Rockbridge Road at Old Tucker Road and a Murphy USA station on Rockbridge Road near Pounds Road were selling regular unleaded for $2.95.
In Gwinnett, a QuikTrip in Snellville at US-78 E and Rockdale Circle and a Murphy USA in Suwanee on Satellite Boulevard NE near Lawrenceville Suwanee Road were selling regular unleaded at $2.97.
Also in Suwanee and in Duluth, QuickTrip, Kroger, Shell and Raceway were selling regular unleaded for $2.99 in some areas.
Higher oil production, an existing ample supply of fuel, falling crude oil prices, lukewarm consumer demand and a drop in contracts for wholesale delivery of fuel to gas stations in the fall continue to push prices at the pump lower.
The price trend should continue, barring any unforeseen disruption in production or distribution that would interrupt delivery from the Gulf of Mexico or block tankers from arriving in Savannah, or a major conflict in the Middle East. A hurricane could cause such a disruption.
According to the latest data from the Oil Price Information Service, the average price for regular unleaded in metro Atlanta Friday was around $3.21, down a penny from Thursday, 8 cents from a week ago, 22 cents from a month ago and 29 cents from a year ago.