Year-End Pump Prices to be Most Expensive Since 2014


BURNSVILLE, Mn (November 27, 2017) – This December motorists will not find significant holiday savings at the gas pump. Today’s national gas price average is $2.51, which is 38 cents more than this time last year. While AAA does expect gas prices to decline between now and the end of the year, motorists will still pay the highest November and December gas prices since 2014.
 
“Despite a forecasted 5 to 20 cents decrease in coming weeks, motorists will see higher than expected December gas prices - especially compared to year-end prices from 2015 and 2016,” said Gail Weinholzer, director of public affairs, AAA – The Auto Club Group. “Driving factors for cheaper gas prices this winter include colder temperatures, the threat of inclement weather and online shopping.”
 
In 2017, gas prices have strayed from typical trends. Historically, year-end gas prices tend to be relatively cheap due to a drop-off in fall gasoline demand around Labor Day and the move to cheaper to produce winter-blend gasoline in mid-September. This year, the typical factors that drive gas prices down in winter were outweighed by the impact of two major hurricanes, steady consumer demand and continued growth in gasoline exports.
 
2017’s Tumultuous Trends

Regional Outlooks

 
2018 Look Ahead:
Motorists can expect gas prices to continue to trend cheaper the first few months of 2018, with potential to see the national gas price average in the $2.25-$2.35 range by February. OPEC’s November 30, 2017 meeting and any decisions to further cut or keep production rates stable will influence longer-term forecasts for 2018.
 
New Tools and Enhancement Unveiled at GasPrices.AAA.com
In time for year-end road trip planning, AAA has added new tools to GasPrices.AAA.com to provide more comprehensive gas price data and insight to motorists and journalists.
 
National-level enhancements
In addition to the daily national gas price average for regular, mid-grade, premium and diesel gas, AAA now provides the daily E-85 national average.
 
Enhanced features to the Top Trends page allows visitors to sort data in various ways (high to low pricing, by date) and easily identify changes by directional colored arrows: increases (red); decreases (green); or no change (grey). Lastly, the top trends page now offers the ability to query gas prices at the state metro level.
 
State-level enhancements
With the addition of 175 new metropolitan areas and corresponding gas prices, state coverage is more comprehensive. In addition, each state now touts county gas price averages via a state heat map.
 
A new ‘State Gas Price Averages’ page provides an overview of each state’s daily gas price for regular, mid-grade, premium and diesel fuel. From this page, a visitor can also click on a state name and be taken directly to that state’s landing page. Users can sort data on this page alphabetically by state name or highest/lowest price by fuel grade.
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Learn more at AAA.com/mobile.