Motorists will likely see $3 for gas in 2017


Motorists can expect to see gas prices over $3 a gallon in 2017 as prices spike comparibly higher than last year.

Automobile owners will pay $52 billion more over the course of the year compared to 2016 as the national yearly average rises to $2.49 per gallon, according to GasBuddy’s 2017 Fuel Price Outlook.

Gas prices in this region are already more than 40 cents higher than January 2016. The average price for a gallon at area stations is $2.29 today, an increase from $1.88 last year.

Other highlights of the GasBuddy report include:

• $355 billion will be spent on gasoline in the U.S. over the course of the year, $52 billion more than last year. That’s a considerable jump given that motorists saved $39 billion on gasoline in 2016 versus 2015.

• The seasonal switch from ‘winter-blend’ to ‘summer-blend’ as mandated by EPA and the Clean Air Act will bring a spike at the pump later this winter and spring, with the national average gas price rising between 35-60 cents between mid-February and a peak, likely to occur in May.

• $3 a gallon gasoline will be seen in at least the nation’s largest cities: Los Angeles, New York, Chicago, Washington, D.C. and Seattle, with a strong possibility of such prices also appearing in a majority of the nation’s twenty largest metros.

“The list of factors being mixed into the yearly forecast has never been larger. This year will see a new administration take over, perhaps the most oil-friendly in some time, and with so many unknowns in regards to policy changes, we’ll be keeping a keen eye on such along with taxation changes. But forecasting fuel prices, especially this year, remains a challenging balance of science and art,” said Patrick DeHaan, senior petroleum analyst for GasBuddy, in a release.



Reader Comments ...


Next Up in Business

Toddler toys, decorative pillows, and water bottles among the latest product recalls 
Toddler toys, decorative pillows, and water bottles among the latest product recalls 

Children’s xylophones, water bottles sold at Costco, and 21 styles of decorative pillows are among the latest recalls announced by the Consumer Product Safety Commission.  The Petit Collage musical jumbo wooden xylophones made by Wild & Wolf are under recall because the ball on the end of the stick can detach and pose a choking hazard. ...
Drone school may be coming to Middletown
Drone school may be coming to Middletown

Butler Tech has a new location in mind for its drone school, this news outlet has learned. Butler County Development Director David Fehr had been negotiating with Butler Tech to locate its drone program at the county’s Hogan Field. But Butler Tech spokesman Michael Beauchat told the Journal-News this week that the school has shifted its focus...
Can I still use my gift card at Elder-Beerman? 5 questions answered for customers
Can I still use my gift card at Elder-Beerman? 5 questions answered for customers

Elder-Beerman’s parent company announced the going-out-of-business sale begins today for its 212 stores and e-commerce website. Bon-Ton Stores Inc. is closing all stores after only liquidators submitted bids for the retailer at a bankruptcy auction earlier this week. Bon-Ton’s liquidation sales are expected to run for about 10 to 12 weeks...
Manufacturing helps boost Ohio jobs again
Manufacturing helps boost Ohio jobs again

Ohio’s unemployment rate fell slightly last month, to 4.4 percent from 4.5 percent in February — and once again, manufacturing helped provide the boost. The state’s non-agricultural wage and salary employment increased 10,800 in March, from a revised 5,568,400 in February to 5,579,200, the state said in a monthly jobs report. ...
Trade concerns top Chinese ambassador’s discussion at Fuyao
Trade concerns top Chinese ambassador’s discussion at Fuyao

If there's a path through trade tensions between the United States and China, maybe a manufacturer in Moraine shows the way.  That was one hope expressed when Fuyao Glass America welcomed Ambassador Zhang Qiyue, Chinese consul general in New York, to its Moraine plant Thursday. There, she met with more than a dozen Dayton-area business and political...
More Stories