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GasBuddy: Gas prices to be highest since 2014

The fuel cost experts at GasBuddy are projecting higher gas prices in 2018.

A new report from GasBuddy predicts a 19-cent increase in the average price of a gallon of gas in the U.S.

GasBuddy’s forecast does not expect any record-breaking prices to be set in 2018, and expects most of the country to see prices peak under $3 per gallon, but GasBuddy says unexpected disruptions could push the national average close to $3.

According to GasBuddy’s report, the nation’s yearly gasoline bill will rise to $364.6 billion dollars, some $25 billion higher than what motorists spent last year as the average household sees their yearly gasoline bill rise to $1,898, up from $1,765 in 2017.

GasBuddy regularly reports that the average cost of gasoline in Tulsa is cheaper than the national average. That will likely ring true in 2018 as well.

Read the report here

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