2018 gas prices expected to rise

GasBuddy is saying that in 2018 you’ll see gas prices going up by 19 cents, the highest it has seen since 2014.

Posted: Jan. 4, 2018 4:37 PM
Updated: Jan. 5, 2018 6:18 AM

MASON CITY, Iowa - GasBuddy is saying that in 2018 you’ll see gas prices going up by 19 cents, the highest it has seen since 2014.
The prediction makes this the second year in a row that gas prices may put a little dent in your wallet. Luckily, GasBuddy isn't expecting any price increases to hit record-highs this year. They expect the average gallon of gas to cost around $3, but places like Chicago or New York City could see prices jumping over the $3 mark.
One woman we spoke to says the predicted increase doesn't faze her.
“For me, it doesn't make any difference because if I need gas in my car I’m going to pay whatever it is at the pump,” Denise Schaefer said.
One thing to keep in mind this year is the importance of shopping around for gas. GasBuddy says more and more gas stations are increasing or decreasing their prices by 20 to 40 cents, so it may pay off to shop around a bit. You may be wondering how accurate GasBuddy's predictions are.
In 2017, the website predicted the national average to be $2.49 a gallon and that was only 10 cents off the actual price of $2.39.

Article Comments

Mason City
Overcast
70° wxIcon
Hi: 71° Lo: 60°
Feels Like: 70°
Albert Lea
Scattered Clouds
64° wxIcon
Hi: 69° Lo: 60°
Feels Like: 64°
Austin
Clear
70° wxIcon
Hi: 72° Lo: 59°
Feels Like: 70°
Charles City
Broken Clouds
70° wxIcon
Hi: 70° Lo: 60°
Feels Like: 70°
Rochester
Few Clouds
69° wxIcon
Hi: 70° Lo: 58°
Feels Like: 69°
Showers and storms return today.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

KIMT StormTeam 3 Weather Forecast 8-20-18

Image

New effort to bring more solar panels to Rochester homes

Image

Documentary celebrates Rochester community

Image

Oronoco Gold Rush Days

Image

KIMT StormTeam 3 Weather Forecast (8-19-2018)

Image

Dan Feehan serves at local soup kitchen

Image

4th Annual River Rats Car Show

Image

Chatfield breaks ground on new aquatic facility

Image

Smoke continues this weekend

Image

Twins donate signed jersey to Rochester family

Community Events