Gas Prices to Surge

Gas Buddy predicts 2019 gas prices to surge from current lows

Gas Buddy predicts 2019 gas prices to surge from current lows

You're not alone - but those prices might not be around for too much longer.

The average price for a gallon of regular gas dropped for the 11 day Tuesday, decreasing three-tenths of a cent to $3.34.

The nation's yearly gas bill will fall to $386 billion dollars, a drop of $2.5 billion over previous year as the average household sees their annual gas spending fall slightly to $1,991, down $25 from 2018.

GasBuddy predicted Wednesday that the full-year average price will settle at $2.70 a gallon, about 3 cents lower than 2018.

GasBuddy predicts prices will rise this spring as OPEC cuts oil production and the USA economy remains strong, generating demand for gasoline. Assembled in late 2017, the forecast called for a yearly national average of $2.57 per gallon with a peak of $2.89 per gallon in April. As goes the economy, as go gas prices in the year ahead.

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In Missouri, where the state's gas tax is lower, some stations are selling gasoline 10-15 cents lower than in IL.

Analysts say prices could surge in May, possibly costing more than $3/gal.

That's the word from a report released today.

GasBuddy is a company that crowdsources information and provides real-time fuel prices at more than 150,000 gas station convenience stores in the U.S., Canada and Australia.

However, DeHaan says whatever happens in the White House could cause prices to unexpectedly drop.

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