Gas prices expected to rise throughout the year

Gas prices likely to rise in 2018

Prices at the pump in the state of Georgia sit at around $2.36 a gallon, more than 10 cents higher than this time past year.

According to GasBuddy, gas prices on Sunday were 2.4 cents per gallon higher than the same day a year ago and 2.6 cents more per gallon than a month ago.

That's a penny less than the national average of $2.49.

In Rhode Island, gas is four cents above the national average of $2.49, while gas prices are a penny less than the national average in MA.

"Although prices at the pump shot up over the holidays, now that the holiday season is in the rearview mirror, motorists can expect gas prices to trend cheaper this month as we are likely to see a significant drop in gasoline demand", said Tammy Arnette, Senior Public Affairs Specialist for AAA Mid-Atlantic.

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As of publishing of this article Shell had yet to raise their prices; however, all three gas stations typically raise or drop their prices to the same levels within 24 hours of each other. "Of course, this forecast could change dramatically if there are unexpected shifts in fuel supply and/or the stock market".

The first week of the new year is historically strong for oil prices, AAA said. Then reduced winter demand pushes them lower for the next month or two.

New Orleans- $2.19/g, up 1.4 cents per gallon from last week's $2.18/g.

Prices normally rebound in the spring as demand grows and supplies tighten. The least expensive price averages in the state are in Jacksonville ($2.40); Orlando ($2.40); and The Villages ($2.41).

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