The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Continue to Rise

December 12, 2016

Photo via Wikimedia.
Photo via Wikimedia.

The national average price of gasoline has increased for 14 days in a row to $2.21 on Dec. 12 after the Organization of Petroleum Exporting Countries (OPEC) agreed to cut oil production, according to AAA.

The average price increased three cents for the week and two cents on the month. It reached a level that's now 20 cents above the same time a year ago.

OPEC plans to reduce output by 1.2 million barrels per day starting in January, which is expected to bring higher prices if all of the countries implement agreed-upon production levels. Iran and Iraq had initially resisted the move.

Average gasoline prices have fallen below $2 per gallon in four states today including Oklahoma ($1.96), Missouri ($1.97), Arkansas ($1.98), and Texas ($1.99).

The largest monthly increases include Michigan (23 cents), Indiana (22 cents), Ohio (21 cents), Illinois (15 cents), Kentucky (13 cents) and Delaware (12 cents).

Prices fell on the West Coast, expect for Hawaii, with the average price for the region falling 1.5 cents to $2.556, according to the U.S. Energy Information Administration. The sharpest increase came in the Midwest, where prices increased 5.5 cents to $2.162.

Meanwhile, the average price of diesel increased 1.3 cents to $2.493. Diesel is now 15.5 cents higher than it was a year ago.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

In North America, the company operates as Hyundai Motor America and sells a compacts, sedans, crossovers, and premium/performance-oriented models.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher