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Gas prices could surge over $3 per gallon in St. Lawrence County by May

Posted 1/3/19

Gasoline prices in 2019 are predicted to be around $2.70 for a national average, representing a 3 cent drop versus 2018, but the national average could surge to over $3 per gallon as soon as May. St. …

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Gas prices could surge over $3 per gallon in St. Lawrence County by May

Posted

Gasoline prices in 2019 are predicted to be around $2.70 for a national average, representing a 3 cent drop versus 2018, but the national average could surge to over $3 per gallon as soon as May.

St. Lawrence County has generally been on the higher end of the national average for the price of a gallon of gas.

The nation’s yearly gasoline bill will fall to $386 billion dollars, a drop of $2.5 billion over last year as the average household sees their annual gasoline spending fall slightly to $1,991, down $25 from 2018, according to GasBuddy.com.

Some highlights from GasBuddy’s 2019 Fuel Price Outlook include:

• The national average is forecast to rise as much as $1 per gallon from a low in January to a possible peak in May, but economic jitters could weigh heavily on where gas prices go in 2019.

• Over 90% of the country’s largest metro areas are at risk for seeing average prices hit $3 per gallon, including Atlanta, Boston, Chicago, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Francisco, Seattle, and Washington, D.C.

• How accurate was GasBuddy’s 2018 Forecast? 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. 2018 ended with a yearly national average of $2.73 per gallon with a peak of $2.98 per gallon on May 24.

“While the bargain basement gas prices we’ve been seeing in areas across the country have been terrific and most welcomed, the party at the pump will likely wrap up in the next month or two, and prices will begin to rally as OPEC production cuts and a strong U.S. economy push gas prices back up. While the national average failed to hit $3 last year, we have an even stronger possibility of seeing that ugly possibility, which would push prices in some places from $1.99 today to over $3 this spring- which would be an impressive and shocking turnaround in just a few months,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “One caveat however, that may have motorists unexpectedly spending less- is what happens in the White House. Should all the darkest realities come to fruition, it could lead to slow down in the economy and take gas prices right along with it. As goes the economy, as go gas prices in the year ahead. Buckle up for the extra volatility we’re going to see- it could be nauseating.”

For those making resolutions, GasBuddy suggests shopping around at the pump and driving less aggressively: the savings could add up to $477 per year, or roughly $10 per tank. In addition, motorists can use GasBuddy’s in-app Drives feature to help reduce their yearly fuel bill by showing them how their driving style stacks up.

As aleading source for crowdsourced, real-time fuel prices at more than 150,000 gas station convenience stores in the U.S., Canada and Australia, millions of drivers use the GasBuddy app and website every day to find gas station convenience stores based on fuel prices, location and ratings/reviews. GasBuddy’s first of its kind fuel savings program, Pay with GasBuddy, has saved Americans more than $3.6 million at the pumps since its launch in 2017.

For more information, visit www.gasbuddy.com.