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.
by Staff
January 3, 2018
Photo by Vince Taroc.
2 min to read
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.
Ad Loading...
"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.
National average jumps to $4.04 per gallon, up sharply from last year, with West Coast prices topping $5 and further increases expected amid rising oil tensions.
With oil prices rising again, AWP Safety’s fleet manager shares how to respond to rising fuel costs and how the right strategy can turn fuel spikes into cost-saving opportunities.
Rapid swings in crude oil prices driven by the conflict in the Middle East could create longer-term cost pressures for fleets, affecting fuel prices, supply chains, and vehicle strategy, says NTEA’s Andrew Wrobel.
48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
Fleet managers can use the DOE’s 2026 Fuel Economy Guide to benchmark MPG across powertrain types using side-by-side vehicle ratings and compare new model-year options.