National gas price average remains unchanged

Elias Hubbard
January 23, 2018

The price may rise a few more cents as retailers have not fully passed through their higher wholesale gas buying prices to motorists.

The average for Sunday was down 2.7 cents at $2.41, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio. "Oil prices remain near multi-year highs but do show some signs of buckling at least slightly, but for motorists, we have not and may not see sizable relief just yet". The national average has increased 8.8 cents during the last month and stands 22.7 cents per gallon higher than this day one year ago.

Fuel prices typically fall in January because of the slower demand and the use of cheaper winter-grade gasoline, but those seasonal moves are offset this year by oil prices hitting their highest levels since the end of 2014.

The price of gasoline is continuing to rise, up 4.4 cents over the past two weeks. And prices may continue to be steered by the costs of refinery maintenance season.

Gas prices in MA have held steady.

States with the lowest average gasoline prices: MS ($2.30), Missouri ($2.30), Texas ($2.30), Alabama ($2.30), SC ($2.31), Arkansas ($2.32), Oklahoma ($2.33), Tennessee ($2.36), Louisiana ($2.36) and Wyoming ($2.37). Gas prices has gone up 22.2 cents since past year and is up 9 cents since last month.

Jenkins said this spike in gas prices is unusual.

Other reports by Click Lancashire

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