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NEWS RELEASE |
Florida Georgia Michigan Tennessee |
U.S. AVERAGE PRICE (Per Gallon) |
AAA: GAS PRICES RISE ON RENEWED OIL STRENGTH
TAMPA, Fla. (January 14, 2019) — Gas prices are back on the rise, now that the oil market is regaining strength. After plunging from $75/b to $43/b at the end of last year, crude prices are back above $50 per barrel; which raises the cost of producing gasoline.
"The new year has breathed new life back into the oil market," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Crude prices have slowly climbed since the beginning of the year, but remain well below the highs seen in 2018. The biggest increases came last week, after Saudi leaders pledged to do whatever it takes to rebalance the market. The recent shift in oil prices isn’t enough to cause sticker shock at the pump, but motorists could see an increase of anywhere from 5-10 cents as a result."
The daily price for WTI crude is up more than $6 since January 1. After trading above $53 per barrel last week, WTI settled at $51.59/b Friday on the NYMEX.
Regional Gas Prices
Gas prices in Florida leveled out last week, after declining a total of 70 cents in 91 days. Sunday’s state average of $2.13 per gallon is just fractions of a cent less than a week ago and 18 cents less than last month. Florida drivers are paying 32 cents less per gallon than this time last year, and 79 cents less than when prices hit their 2018 peak, around Memorial Day.
Click here to view AAA’s state and metro gas price averages
- Most expensive gas price averages: Panama City ($2.45), West Palm Beach-Boca Raton ($2.34), Miami ($2.31)
- Least expensive gas price averages: Tampa-St. Petersburg-Clearwater ($2.00), Melbourne-Titusville ($2.00), Orlando ($2.01)
Gas prices in Georgia rose 4 cents last week, after declining a total of 76 cents in 90 days. The average price in Georgia was $2.08 per gallon on Sunday. Click here to view today’s average price.
Regardless of the increase, Georgia drivers are still paying 34 cents per gallon less than this time last year, and 76 cents less than when prices hit their 2018 peak, around Memorial Day.
Click here to view AAA’s state and metro gas price averages
- Most expensive gas price averages: Hinesville-Fort Stewart ($2.19), Savannah ($2.13), Brunswick ($2.13)
- Least expensive gas price averages: Catoosa-Dade-Walker ($1.96), Rome ($1.96), Warner Robins ($1.96)
Gas prices in Michigan rose 11 cents last week, but declined 2 cents over the weekend. The state average is now $2.15 per gallon.
Regardless of the recent price hike, drivers are still paying 88 cents per gallon less than they did in early October, when the state average was more than $3 per gallon.
Drivers in Metro Detroit also saw gas prices rise last week, but by 7 cents per gallon. Sunday’s average price of $2.09 per gallon is 92 cents per gallon less than what drivers paid just three months ago, and 59 cents per gallon less than this time last year.
Click here to view AAA’s state and metro gas price averages
- Most expensive gas price averages: Jackson ($2.22), Lansing-East Lansing ($2.22), Saginaw-Bay City-Midland ($2.21)
- Least expensive gas price averages: Traverse City ($2.07), Metro Detroit ($2.09), Ann Arbor ($2.11)
Gas prices in Tennessee increased 3 cents in the past four days. Sunday’s state average of $1.998 was just fractions of a cent from returning above $2 per gallon, for the first time since January 1. Click here to view today’s average price.
Pump prices in Tennessee are now rising for the first time in more than 12 weeks. Over the course of 90 days, the state average declined a total of 72 cents, saving the average driver more than $10 on a full tank of gas.
An average price of $2 per gallon would still be 33 cents per gallon less than what Tennessee motorists paid this time last year, and 73 cents less than what they paid when gas prices hit their 2018 peak, around Memorial Day.
Click here to view AAA’s state and metro gas price averages
- Most expensive gas price averages: Nashville ($2.08), Jackson ($2.03), Johnson City ($2.02)
- Least expensive gas price averages: Cleveland ($1.92), Chattanooga ($1.94), Memphis ($1.96)
Gas Price Tools
- GasPrices.AAA.com - Daily national, state, and metro gas price averages
- AAA Mobile app - Free app that compares gas prices near you
- Gas Cost Calculator - Determine how much gasoline will cost on your next road trip
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
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Sunday | Saturday | Week Ago | Month Ago | One Year Ago | 2018 High | Record High |
| National | $2.245 | $2.245 | $2.240 | $2.399 | $2.526 | $2.97 (5/26/2018) | $4.11 (7/17/2008) |
| Florida | $2.126 | $2.126 | $2.129 | $2.311 | $2.451 | $2.92 (5/25/2018) | $4.08 (7/17/2008) |
| Georgia | $2.083 | $2.076 | $2.055 | $2.198 | $2.424 | $2.84 (5/27/2018) | $4.16 (9/15/2008) |
| Michigan | $2.150 | $2.160 | $2.087 | $2.300 | $2.715 | $3.13 (5/25/2018) | $4.26 (5/4/2011) |
| Detroit | $2.086 | $2.090 | $2.038 | $2.308 | $2.676 | $3.11 (5/25/2018) | $4.24 (5/4/2011) |
| Tennessee | $1.998 | $1.997 | $1.975 | $2.147 | $2.333 | $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 9.6 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.