The Car and Truck Fleet and Leasing Management Magazine

Gasoline Price Reaches Three-Year High

April 16, 2018

Photo of fuel station by Vince Taroc.
Photo of fuel station by Vince Taroc.

The nation's average gasoline price has reached a level not seen since summer of 2015 at $2.71 for a gallon of regular unleaded, according to AAA.

The past week saw a five-cent increase, and drivers in six west coast states are paying more than $3 per gallon, AAA reported on April 16. Only 27% of gasoline stations are selling gasoline for $2.50 or less.

Today's price average has reached 18 cents more than a month ago and 30 cents higher than a year ago.

"Expensive crude oil prices, unrest in the Middle East, strong domestic demand, record production rates and global oil supply surplus have created the perfect storm to drive spring gas prices toward new heights," said Jeanette Casselano, a AAA spokesperson. "Consumers can expect gas prices to increase another 5 to 10 cents this season, but the national average is not expected to reach the $3 mark."

Meanwhile, the average price of a gallon of diesel climbed 6.1 cents to $3.104 per gallon, which is 50.7 cents higher than a year ago.

Twitter Facebook Google+

Comments

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.

FleetFAQ

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

General terminology used in the United States and Canada for leases with no fixed term (hence open-ended) and provisions wherein the lessee retains a high proportion of the risks of ownership, notably depreciation.

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