Gas prices primed to rise in 2018, highest in four years

Gas prices primed to rise in 2018, highest in four years

The fuel price-tracking website predicts the cost of a gallon of fuel will rise by $0.19 per gallon in 2018, on average, to the highest level gas prices have been since 2014. "Yet, understanding many factors, including OPEC, fuel taxes, the economy and their impact on supply and demand is integral to providing a thorough and balanced outlook on gas prices for 2018", said Patrick DeHaan, head of petroleum analysis at GasBuddy.

According to the GasBuddy.com forecast, prices are expected to rise 18 cents a gallon, averaging $2.57 nationally in 2018.

More: What's getting more expensive in 2018? Ultimately, OPEC bears much of the responsibility for cutting oil production, leading oil inventories to begin 2018 almost 50 million barrels lower than a year ago.

The average in South Bend is $2.59 a gallon, a $00.23 jump from past year.

"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", AAA spokeswoman Jeanette Casselano said in a written statement.

"It looks like two refineries have run into some more trouble in the United States and that could lead to keeping those prices where they are", McTeague said. Vancouver, for instance is forecast to see the highest peak prices at $1.52 while Winnipeg and Saskatoon should top out at $1.29.

Gas prices primed to rise in 2018, highest in four years
Gas prices primed to rise in 2018, highest in four years

GasBuddy recommends that people look around for cheaper prices on gas rather than just going to the most convenient location.

Whether it is a trip to work, the store or vacation, drivers are expected to be paying more at the gas pump in 2018 compared to previous year.

At $2.11, Hammond, Louisiana, had the lowest average gasoline prices in the nation Thursday, though some stations in the South and Southwest even had prices below $2 per gallon. In 2017 GasBuddy predicted that gas would cost $2.49.

The average household yearly gasoline bill will rise to $1,898, up from $1,765 in 2017.

"All related to the increase in the price of crude which is now hovering about $60 a barrel", said AAA fuel analyst Don Redman.

To save money at the pump, Jenkins advises drivers to shop around for their gas.

After Muslims reject saffron, Lucknow Haj House to repainted in white
Saffron colour is majorly related with the Hinduism and also associated with the Rashtriya Swayamsevak Sangh (RSS). Is saffron an anti-national colour? "Saffron is a colour which symbolises ujala [brightness] and urja [energy]".

Related News:

  • Riyad Mahrez To Undergo Liverpool Medical On Sunday

    Riyad Mahrez To Undergo Liverpool Medical On Sunday

    AS Roma were firmly interested last summer but refused to meet Leicester's valuation for the former Footballer of the Year. The report claims the Algerian is expected to sign a contract that will commit him to the Merseyside club until June 2022.
    Get this awesome Sandstone White OnePlus 5T while it's still available

    Get this awesome Sandstone White OnePlus 5T while it's still available

    Beyond the lighter hue, the white model also features a different texture than the black version (hence the "Sandstone" name). Every once in awhile, companies release new colors of existing phones to jumpstart sales a few months after launch.
    Mad Catz Rise From The Ashes as Legendary Gaming Peripheral Brand Returns

    Mad Catz Rise From The Ashes as Legendary Gaming Peripheral Brand Returns

    The company was forced to lay off many of its employees that year and then shuttered altogether one year later. After a short time away, Mad Catz has returned! However, it seems Mad Catz has officially risen from the grave.
  • Gruden could follow coaches who sat out before return

    Gruden could follow coaches who sat out before return

    The 54-year-old spent seven seasons as the Bucs coach, but was sacked following the 2008 campaign after a 9-7 term. The team went 30-34 in his four seasons, making the playoffs twice and winning one game before retiring again.
    Comedian Jerry Van Dyke Dies at 86

    Comedian Jerry Van Dyke Dies at 86

    According to Variety , Jerry Van Dyke , Emmy-nominated actor and younger brother of Dick Van Dyke , died on Friday at age 86. Shirley said her husband's health began deteriorating after they were both involved in a vehicle accident two years earlier.
    Quake  rocks San Francisco Bay Area but no major damage reported

    Quake rocks San Francisco Bay Area but no major damage reported

    The Hayward Fault runs along the western edge of the East Bay hills, from San Jose into the North Bay. Fortunately, no damage or personal loss was reported despite it rattled the Bay area completely.
  • Panthers coach signs extension on eve of wild card game

    Panthers coach signs extension on eve of wild card game

    Carolina Panthers head coach Ron Rivera has signed a two-year contract extension, the team announced Saturday afternoon. Carolina ranked ninth in Football Outsiders' defense-adjusted value over average metric this season.
    IHK bomb blast kills four Indian policemen

    IHK bomb blast kills four Indian policemen

    In a statement issued to news agency GNS, the Jaish spokesperson said its "Shaheed Afzal Guru squad" carried out the attack. Sources said the IED was planted beneath a shop by the militants and detonated through remote control.
    Lottery Jackpots rise to near record highs

    Lottery Jackpots rise to near record highs

    The largest Mega Millions jackpot was $656m (£484m), won in 2012, and also shared by three lucky winners. If you were not the lucky Friday victor , there is still the even bigger Powerball jackpot Saturday.
  • Virginia decides tied election by drawing name from bowl

    Virginia decides tied election by drawing name from bowl

    Republicans have controlled the state House since the 1999 elections and the state Senate since just after the 1997 elections. The State Board of Elections used a blue, stoneware bowl created by Virginia artist Steven Glass for the important drawing.
    Jimmy Iovine Planning To Leave Apple In August

    Jimmy Iovine Planning To Leave Apple In August

    Iovine, the former CEO of Interscope Records, joined Apple in 2014 when the tech company acquired Beats Electronics . Since taking on his role at Apple Music , the user subscription has surpassed 30 million since launching in 2015.

    USA astronaut John Young dies at age 87

    Young had been due to command a 1986 flight that was canceled after the explosion of the shuttle Challenger earlier that year. It was the first time a piloted spacecraft was tested in space without previous orbital flights with nobody on board.


Most liked

Injustice 2 Trailer Reveals Enchantress' Move Set
Those interested in picking her up can do so starting January 9, if you can happen to the own the God Pack . Alternatively, players can purchase the Injustice 2 Ultimate Pack or Fighter Pack 3 .

BBC One Drama 'Ordeal by Innocence' Recasts Ed Westwick, Reshoot Scenes
The accusations caused the actor's latest project, Ordeal of Innocence, to pull back on it's expected release. Los Angeles Police Department has received a complaint from one of his accusers and is investigating.

US Firm to Resume Search for Missing Malaysian Flight
US company Ocean Infinity dispatched a search vessel, the Seabed Constructor, from South Africa earlier this week, ABC reports. It is hoped by this time the Malaysian government and Ocean Infinity will have finalised a deal for the hunt to resume.

The Mayor Canceled At ABC
The network's half-hour bench includes its Roseanne revival, family comedy Splitting Up and Zach Braff vehicle Alex, Inc . Despite an order for three backup scripts , ABC has opted to cancel the rookie political comedy at 13 episodes.

TN Bus strike: Transport minister appeals employees to join duty
The striking unions wanted the "factor" for revision to be fixed at 2.57 while the government insisted it be 2.44. I thought it was my duty to work for the people", said Mr Rajakrishnan, who is a first-time MLA from Andhiyur.

Curry drops 45 on Clips in LA
Curry was so hot that in the middle of the third quarter, he nearly knocked down a left-handed 3-pointer while getting fouled. Griffin's hand could be seen trembling while he was on the floor, but he was able to walk off the court under his own power.

Titans' Marcus Mariota tosses touchdown to himself
Simply remarkable by Mariota who will try to use this play to generate some momentum on the side of the Titans. The Titans went for a two-point conversion in the fourth quarter after scoring a go-ahead touchdown.

USA: Trump Asks For More Funds to Build Mexico Border Wall
If granted, the money would pay for 316 miles of new fencing and reinforce another 407 miles where barriers are already in place. On Friday, the White House requested roughly $33 billion worth of stringent border security measures from Congress.

Marathon Petroleum Corporation (MPC), Ecopetrol SA (EC)
Aqr Cap Ltd Co reported 0% of its portfolio in Polaris Industries Inc. 586,287 are owned by Davidson Invest Advsr. Apartment Investment and Management Company (NYSE:AIV) has risen 4.52% since January 5, 2017 and is uptrending.

Spotify now has 70M paying subscribers
This was also not the first time Spotify has been involved in a multi-million dollar lawsuit and settlement case. Wixen handles titles by Stevie Nicks, Neil Young, Tom Petty, the Doors, and Weezer's Rivers Cuomo, among others.

Hutch's Grimsley to play in FCS title game Saturday
Schor ran for 10 yards on the next play. "There has been so much adversity that has made us so much stronger as a team". It led to a 32-yard Pedersen field goal and it was 17-3. "They don't think we are good enough to be here".

Dale Steyn, Umesh Yadav talk tattoos in Cape Town
This is Steyn's first Test for South Africa since November 2016, having represented the side in the Perth Test against Australia. However, Moosajee stressed that Steyn's latest injury was not related to any previous ailments.

NASA finds first direct evidence the Ozone Hole is healing
The reduction in chlorine has led to a decrease in ozone depletion, allowing a slow but steady recovery of the ozone hole. By measuring hydrochloric acid levels each fall, scientists were able to gauge the amounts of chlorine in the ozone hole.

Gander Mountain is reopening in York County as Gander Outdoors
At the York location, there will be a public grand opening event and an official-ribbon cutting ceremony with details to come. It also owns Good Sam Enterprises, Overtone's, The House, Uncle Dan's and Windward/W82.

Belieb it: Justin's getting his own museum exhibit
In 2010, Stratford's tourism board unveiled a downloadable "Bieber-iffic Map" highlighting 24 locations linked to the singer. His grandparents, Diane and Bruce Dale have collected a selection of items that show his childhood days and rise to fame.