Public Affairs Specialist, OH
O: (513) 762-3105 ext. (5503105)
C: (513) 401-4911
CINCINNATI, OH – (January 22, 2018) – Today’s national gas price average is $2.54, which is only one cent more than last week. The Energy Information Administration (EIA) reports that while gasoline demand modestly decreased (146,000 b/d), gasoline inventory increased by 3.6 million bbl. Combined, these two factors resulted in minimal impact on the national average this week. On the week, gas prices increased for 41 states with Florida seeing the largest jump at the pump with a nine-cent increase.
“For consumers, the questions is how high are gas prices going to go in 2018,” said Jenifer Moore, AAA spokesperson. “Since 2014, gas prices decreased as much as 20 cents in the first three weeks of the year. This year, gas prices are five cents more than on January 1 of this year, a possible indication that prices in 2018 will likely be more expensive than last year.”
Today, motorists can find gas for $2.50 or less at 58 percent of gas stations nationwide.
While Ohio is one of a few states in the Midwest region that are welcoming cheaper gas prices this week, Buckeye drivers are seeing no cost savings at the pump compared to this time last year. Ohio is among the top 10 states in the country with the largest yearly increase. The current average price for gas in Ohio is $2.40, up 27 cents more from $2.13.
In addition, according to AAA’s Top Trends in Gas Prices, Cincinnati is among Ohio’s top ten metro areas with a yearly increase in gas prices.
The current average price of regular gas in Cincinnati is $2.37, up 24 cents compared to this time last year.
AAA has a variety of resources to help motorists save on fuel:
- Fuel Price Finder (AAA.com/fuelfinder) locates the lowest fuel price in your area.
- AAA Gas Cost Calculator (GasPrices.AAA.com/AAA-gas-cost-calculator/) helps budget travel expenses.
- TripTik Mobile (AAA.com/mobile) plots fuel prices along your travel route.
- AAA's Member Rewards Visa® Credit Card (AAA.com/financial/AAAvisa.htm) accumulates double points on fuel purchases.
AAA provides automotive, travel, and insurance services to 58 million members nationwide and more than three million members in Ohio. AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years. AAA is a not-for-profit, fully tax-paying member organization works on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel, and track their roadside assistance service with the AAA Mobile app (AAA.com/mobile) for iPhone, iPad and Android. For more information, visit www.AAA.com.