Year-End Pump Prices to be Most Expensive Since 2014

Omaha, NE (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 Jeanette Casselano, AAA spokesperson. “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