The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Jump to $2.49 Per Gallon

January 02, 2018

Photo by Vince Taroc.
Photo by Vince Taroc.

The national average price of unleaded gasoline jumped 5 cents to $2.49 per gallon in the first week of 2018 and has reached a level not seen since 2014 during the week that starts the new year, according to AAA.

Heavy travel over the holidays drove gasoline prices higher, and drivers in the Northeast, South and upper Midwest are paying as much as 13 cents more than they were at the end of 2017. Prices should begin to fall, said Jeanette Casselano, AAA spokesperson.

"Although prices at the pump shot up over the holidays, now that the holiday season in the rearview mirror, motorists can expect gas prices to trend cheaper this month as we are likely to see a significant drop in gasoline demand," Casselano said.

Gasoline demand reached 9.5 million barrels per day, which is typical of the holiday season, according to a U.S. Energy Information Administration report. Historical data shows that demand will fall below 9 million barrels in January and remain at that level for the first several months of the year.

States with the largest increases from a year ago include Alaska (39 cents), Montana (35 cents), California (34 cents), Oregon (30 cents), Hawaii (27 cents), Washington (24 cents), Wyoming (24 cents), Indiana (23 cents), Nevada (22 cents), and Utah (22 cents), according to AAA.

States with the least expensive gasoline include Missouri ($2.22), Oklahoma ($2.22), Alabama ($2.22), Arkansas ($2.23), Mississippi ($2.23), South Carolina ($2.24), Texas ($2.24), Louisiana ($2.26), Tennessee ($2.26), and Kansas ($2.28).

Meanwhile, the price of a gallon of diesel increased 7 cents on the week to $2.973, which is 38.7 cents higher than 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

DUI or Driving Under the Influence (sometimes called DWI or Driving While Intoxicated) is a criminal offense in most states (most countries, actually). The substance can be alcohol or drugs, which is why it's not merely called "drunk driving" anymore.

Read more

Article News

Popular Stories

Up Next

More From The World's Largest Fleet Publisher