News
Jan. 3, 2018
SOURCE: Rob Nikolewski – San Diego Union-Tribune

You’ll have to dig a little bit deeper into your pocket at the gas station this year.

The average price of a gallon of regular gasoline is expected to go up about 19 cents in 2018, according to the annual Fuel Price Outlook put out by GasBuddy, a tech company based in Boston that helps motorists find the cheapest gasoline in a given area.

The average price in the U.S. is projected to go from $2.39 a gallon to $2.57 a gallon, the highest price since 2014.

The increase will hit California drivers harder, since the average price for gasoline in the Golden State is higher (about $3.10 a gallon), due to higher taxes and the special blending requirements for fuel that are aimed at reducing air pollution.

“We won’t see record gas prices but we have seen an increase over the last few years,” said Patrick DeHaan, head of petroleum analysis at GasBuddy.

As recently as July 2014 gasoline in California topped $4 a gallon, largely because the price of crude oil exceeded $100 a barrel.



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