Gas Price Brief - March 26, 2018

HIGHER GAS PRICES ARE ON THEIR WAY

TAMPA, Fla. (March 26, 2018) — Gas prices are on the rise, and motorists should expect that trend to continue in the near future.

"Gasoline demand has been very strong the past few weeks, as Americans travel for spring break," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "This robust gasoline demand, coupled with lower supply levels, are setting the stage for rising prices in the coming weeks."

• Crude oil prices rose $3.82 per barrel last week. Friday's settlement of $65.88 is the highest daily settlement since January 26.
• Gasoline futures prices rose 11 cents last week. exceeding $2 for the first time since Hurricane Harvey struck the Texas coast last August.
• Wholesale gasoline prices rose 9 cents last week, returning to levels not seen since January.

Gas Price Tools for Reporters/Consumers

• GasPrices.AAA.com - Daily national, state, and metro gas price averages.
• AAA Mobile app - Free app that shows current prices at a gas station near you.

Regional Gas Prices

Florida motorists should expect higher gas prices this week. The Florida average has risen 10 of the past 12 days, climbing a total of 6 cents. Motorists should expect prices to climb at least another 10 cents in the coming weeks.

• The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton ($2.67), Crestview-Fort Walton Beach ($2.63), and Miami ($2.61)
• The least expensive gas price averages in Florida are in Punta Gorda ($2.47), Tampa-St. Petersburg-Clearwater ($2.48), and The Villages ($2.48)

Georgia motorists are finding some of the most expensive gas prices in five months. The state average of $2.50 is the highest since October. Pump prices have steadily climbed for the past 11 days, rising a total of 11 cents.

• The most expensive gas price averages in Georgia are in Savannah ($2.54), Brunswick ($2.54), Hinesville-Fort Stewart ($2.53), and Atlanta ($2.51)
• The least expensive gas price averages in Georgia are in Dalton ($2.43), Catoosa-Dade-Walker ($2.43), and Warner Robins ($2.44)

Tennessee motorists will soon find some of the most expensive gas prices in five months. Tennessee's state average of $2.41 is tied with this year's high - set in February - and the highest price since October.

• The most expensive gas price averages in Tennessee are in Morristown ($2.45), Nashville ($2.44), and Knoxville ($2.44)
• The least expensive gas price averages in Tennessee are in Chattanooga ($2.32), Cleveland ($2.35), and Memphis ($2.36)

Highs and Lows of 2018

• National: the highest average price for gasoline was $2.67 on February 6; the lowest was $2.49 on January 3.
• Florida: the highest average price in was $2.68 on February 8; the lowest was $2.44 on January 2.
• Georgia: the highest average price is $2.50; the lowest was $2.35 on January 2.
• Tennessee: the highest average price was $2.41 on February 7; the lowest was $2.26 on January 1.

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	Highest Price on Record
National	$2.607	$2.602	$2.542	$2.518	$2.286	$4.114 (7/17/2008)
Florida	$2.545	$2.542	$2.531	$2.523	$2.296	$4.079 (7/17/2008)
Georgia	$2.500	$2.496	$2.444	$2.381	$2.160	$4.164 (9/15/2008)
Tennessee	$2.408	$2.402	$2.342	$2.310	$2.040	$4.118 (9/15/2008)
Click here to view current gasoline price averages

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.5 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.