The new year promises many things, but unfortunately it is expected that gas prices will rise in 2018. It is predicted that gas prices will rise nationally by approximately 19 cents, putting the national average at $2.57 per gallon. These figures were recently released in GasBuddy’s 2018 Fuel Price Outlook report. GasBuddy is a tech company that runs an app and website that help drivers find the cheapest gas prices in their area, as well as while traveling out on the road.
GasBuddy’s 2018 Fuel Price Outlook report also includes some other worthwhile information. For instance, it does not predict gas prices to hit any record-breaking highs. Moreover, it expects metropolitan areas to see the steepest prices nationally. Large cities such as New York City, Washington D.C., and Chicago are expected to see prices potentially rise above $3, whereas smaller cities such as Cleveland and St. Louis will likely see prices rise but still stay below $3.
You can rely on GasBuddy’s predictions, as they are usually not too far off the mark. In 2017, they predicted a national average of $2.49 per gallon, but luckily the actual national average was $2.39. We at Wantagh Mazda hope that this information helps you better budget out your fuel consumption for 2018.