Gasoline prices for New Year’s are the highest they’ve been since 2014 and have reached $2.34 per gallon for the week ending Jan. 2, according to AAA.
by Staff
January 4, 2017
Photo via Wikimedia.
1 min to read
Photo via Wikimedia.
Gasoline prices for New Year’s are the highest they’ve been since 2014 and have reached $2.34 per gallon for the week ending Jan. 2, according to AAA.
The average price moved higher nearly every day for the last 37 days, which was due to market reactions to the OPEC deal last fall, according to a report from AAA on Monday.
Ad Loading...
The average price increased five cents during the week and is 34 cents higher than 2016.
Retail prices will hinge on whether cartel countries successfully implement production cuts. However, retail averages are likely to increase leading up to the summer driving season when spring seasonal refinery maintenance gets underway, according to AAA.
Federal data offers similar findings, as the national price of regular unleaded increased 0.349 cents to $2.377 for the week ending Jan. 2 when compared to last year, according to the U.S. Energy Information Administration.
The nation’s top five least expensive markets include South Carolina ($2.10), Arizona ($2.12), Alabama ($2.13), Tennessee ($2.13) and Mississippi ($2.14).
The biggest weekly price increases are reflected in Pennsylvania (10 cents), Missouri (9 cents), Florida (9 cents), Arkansas (8 cents) and South Dakota (8 cents).
Ad Loading...
Meanwhile, the weekly average price of diesel increased 0.046 cents to $2.586. Diesel is now 0.375 cents higher than a year ago, according to the U.S. Energy Information Administration.
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.