Gas prices remain stubbornly high, but at least they've stabilized:
Good news: Gasoline prices have stabilized, to use AAA's word for the situation. The bad news is, they have stabilized at a high level.
In fact, the oil companies ratcheted down supply by another 3 million barrels last week. Total domestic crude inventories are 18 percent lower than they were in mid-March 2021. If you're thinking, hey wait, gas prices fell quite a bit last week, maybe that's because you live in Georgia. It saw an average price cut of 17 cents per gallon, the week's biggest change. Last Friday, Georgia Gov. Brian Kemp waived the state's 29-cent gas tax and signed into law a $1.1 billion refund on gas taxes to consumers that would hand back $250 to single tax filers, $375 to heads of households and $500 to married couples filing jointly.
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