18 February 2019

NEWS RELEASE

     


MEDIA CONTACTS:

Florida
Mark Jenkins, spokesman, AAA - The Auto Club Group,
office: (813) 288-7906, cell: (850) 532-0730, MAJenkins@AAASouth.com

Georgia
Garrett Townsend, GA Public Affairs Director, AAA - The Auto Club Group,
cell: (404) 932-1965, GTownsend@AutoClubGroup.AAA.com

Michigan
Nancy Cain, spokesperson, AAA - The Auto Club Group
office: (313) 336-1514, cell: (313) 268-4038, NCain@AAAMichigan.com

Tennessee
Stephanie Milani, TN Public Affairs Director, AAA - The Auto Club Group,
office: (865) 862-9252, cell: (865) 556-2927, SMilani@AAASouth.com

U.S. AVERAGE PRICE

(Per Gallon)
$2.31 (+3¢) 

GAS PRICES SET TO RISE; OIL HITS 3-MONTH HIGH

TAMPA, Fla. (February 18, 2019)  Gas prices should rise this week, after surging crude and wholesale gasoline prices set new 2019-highs. At $2.31 per gallon, the national average price for gasoline is already the highest of 2019. Despite paying 7 cents per gallon more than a month ago, Americans are still saving more than $3 on a full tank of gas - compared to this time last year. 

"Oil and wholesale gasoline prices made significant gains last week, which will likely lead to higher prices at the pump," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Prices rose after news that OPEC is making good on its promise to cut production, and reports of refinery issues at multiple plants in the northeast. One of the other key reasons for rising prices right now is refineries entering maintenance season. This is a time of year when refineries do ’spring cleaning’ and to prepare for the switch to summer-blend gasoline. The process causes refineries to temporarily go offline, reducing the output of gasoline into the market."

On Friday, crude oil reached it’s highest price since mid-November. The closing price of WTI was $55.59 per barrel on the NYMEX - an increase of nearly $3/b compared to the week before. That increase alone has the potential to carry a 7.5 cent jump at the pump. However, oil prices remain about $6/b less than the price this time last year; a primary reason that gas prices remain lower than last year. Meanwhile, RBOB rose 13 cents on the NYMEX last week, also reaching a 3-month high. 

Regional Gas Prices

Gas prices in Florida are very likely to rise this week. Oil and wholesale gasoline prices surged to their highest levels since November. This should drag the average price of gasoline anywhere from 10-20 cents higher in the near future.  

Florida gas prices are averaging around $2.23 per gallon - a discount of 34 cents per gallon compared to this time last year. The highest daily average price so far this year was $2.30/g - set on January 31. Since that time, the state average steadily declined for 16 consecutive days, for a total discount of 7 cents. On Sunday, the state average increased fractions of a penny, but larger increases are likely to come. 

Click here to view AAA’s state and metro gas price averages

  • Most expensive gas price averages: West Palm Beach-Boca Raton ($2.36), Panama City ($2.34), Miami ($2.29)
  • Least expensive gas price averages: Jacksonville ($2.17), Orlando ($2.18), Tampa-St. Petersburg-Clearwater ($2.18)

Gas prices in Georgia are on the rise and prices could get even more expensive this week. Oil and wholesale gasoline prices surged to their highest levels since November. The state average could soon jump another 10 cents as a result. 

Georgia gas prices are already at 2019-highs. The state average rose a total of 5 cents last week. Still, Sunday’s average price of $2.19 per gallon remains nearly 20 cents below what drivers paid this time last year. 

Click here to view AAA’s state and metro gas price averages

  • Most expensive gas price averages: Atlanta ($2.22), Brunswick ($2.21), Hinesville-Fort Stewart ($2.20)
  • Least expensive gas price averages: Warner Robins ($2.07), Macon ($2.11), Augusta-Aiken ($2.12)

Gas prices in Michigan jumped 12 cents last week, and additional price-hikes could soon be on the way. During the past week, oil and wholesale gasoline raced to their highest prices since November. The average price for wholesale gasoline has climbed a total of 32 cents in the past three weeks; nearly half of that hike occurred last week.

Michigan gas prices are the highest of 2019. Sunday’s state average of $2.37 per gallon is 8 cents more than a week ago, and nearly 30 cents more than this time last month. Despite the recent increases, Michigan drivers are still paying almost 10 cents less than this time last year. 

Gas prices in Metro Detroit also rose last week, by an average of 10 cents. Although gas prices in Metro Detroit are some of the lowest in the state, they have also hit 2019 highs. Sunday’s average price of $2.35 per gallon is almost 30 cents more than a month ago. Still, drivers are saving an average of 15 cents per gallon, compared to this time last year. 

Click here to view AAA’s state and metro gas price averages

  • Most expensive gas price averages: Marquette ($2.42), Jackson ($2.41), Saginaw-Bay City-Midland ($2.41)
  • Least expensive gas price averages: Traverse City ($2.32), Metro Detroit ($2.35), Flint ($2.36) 

Gas prices in Tennessee rose 5 cents last week, and drivers could see additional increases this week. Crude oil and wholesale gasoline prices have surged to their highest levels since November. The large gains could soon drag the Tennessee state average up another 10 cents. 

Tennessee gas prices are already at their highest levels, so far this year. Sunday’s average price of $2.09 per gallon is up 12 cents, compared to this year’s lowest daily average price of $1.97 - set during the second week of January. Despite the recent gains, the Tennessee state average remains 25 cents less than this time last year. 

Click here to view AAA’s state and metro gas price averages

  • Most expensive gas price averages: Nashville ($2.14), Jackson ($2.12), Cleveland ($2.08)
  • Least expensive gas price averages: Johnson City ($2.02), Morristown ($2.03), Clarksville-Hopkinsville ($2.04)

Gas Price Tools

                                                                   CURRENT AND PAST PRICE AVERAGES

                                                                                     Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.312 $2.305 $2.278 $2.242 $2.533 $2.97 (5/26/2018) $4.11   (7/17/2008)
Florida $2.228 $2.226 $2.248 $2.228 $2.572 $2.92 (5/25/2018) $4.08   (7/17/2008)
Georgia $2.187 $2.179 $2.137 $2.097 $2.409 $2.84 (5/27/2018) $4.16   (9/15/2008)
Michigan $2.374 $2.376 $2.294 $2.094 $2.459 $3.13 (5/25/2018) $4.26    (5/4/2011)
Detroit $2.352 $2.344 $2.267 $2.060 $2.498 $3.11 (5/25/2018) $4.24    (5/4/2011)
Tennessee $2.086 $2.075 $2.037 $2.001 $2.344 $2.73 (5/27/2018) $4.12  (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 9.8 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 59 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. Visit AAA on the Internet at AAA.com.