Year-End Gas Prices Look to be Most Expensive Since 2014

But early 2018 may be brighter!

Gilmore Gas

VIRGINIA BEACH, Va., (November 28, 2017) –While AAA does expect gas prices to decline between now and the end of the year, Virginia motorists will not find significant holiday savings at the gas pump. Drivers will still pay the highest November and December gas prices since 2014.

In 2017, gas prices strayed from typical trends. Historically, year-end gas prices tend to be relatively cheap due to a drop-off in 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.

 

 

Today

Change From Last Week

Last Month

Last Year

National

$2.50

Three cents less

$2.47

$2.13

Virginia

$2.29

One cent less

$2.25

$1.99

Hampton Roads

$2.26

Two cents less

$2.20

$1.94

 

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

Just 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 on the site 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.

As part of North America’s largest motoring and leisure travel organization, AAA Tidewater Virginia provides its more than 330,000 members with travel, insurance, financial and automotive-related services. Since its founding AAA Tidewater Virginia has been a leader and advocate for the safety and security of all travelers. For more information, visit AAA.com and follow us on Twitter at Twitter.com/AAATidewaterVA or Facebook at facebook.com/AAATidewaterVirginia.

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