Advertisement

GasBuddy report: Gas prices expected to surge to nearly $3 this spring

Gas prices in Ohio briefly dipped below $2 in Ohio.
Gas prices in Ohio briefly dipped below $2 in Ohio.(Source: Pixabay)
Updated: Jan. 2, 2019 at 10:58 PM EST
Email This Link
Share on Pinterest
Share on LinkedIn

(WBTV) - GasBuddy’s newest fuel outlook suggests that gas prices could hit a national average cost of $3 per gallon this spring.

GasBuddy is a tech company that focuses on finding fuel prices for more than 100,000 gas stations nationwide.

The company is predicting that 2019 will feature a yearly national average of $2.70 per gallon.

That average represents a 3 cent drop versus 2018, but the company warns that the national average could surge to over $3 per gallon as soon as May.

GasBuddy’s 2019 Fuel Price Outlook predicts that the national average is forecast to rise as much as $1 per gallon from a low in January to a possible peak in May.

The report states that more than 90 percent of the country’s largest metropolitan areas are at risk for seeing average prices hit $3 per gallon.

Those areas include Atlanta, Boston, Chicago, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Francisco, Seattle, and Washington, D.C.

Find GasBuddy’s full report here.

Copyright 2019 WBTV. All rights reserved.