{"id":83211,"date":"2017-01-06T05:45:52","date_gmt":"2017-01-06T10:45:52","guid":{"rendered":"https:\/\/thevwindependent.com\/news\/?p=83211"},"modified":"2017-01-06T05:46:09","modified_gmt":"2017-01-06T10:46:09","slug":"gasoline-prices-will-likely-increase-in-2017","status":"publish","type":"post","link":"https:\/\/thevwindependent.com\/news\/2017\/01\/06\/gasoline-prices-will-likely-increase-in-2017\/","title":{"rendered":"Gasoline prices will likely rise in 2017"},"content":{"rendered":"

Submitted information<\/em><\/p>\n

BOSTON, Massachusetts — Motorists may get some sticker shock in 2017 and will shell out $52 billion more over the course of the year, compared to 2016, as the national yearly average rises to $2.49 per gallon, according to GasBuddy\u2019s 2017 Fuel Price Outlook.<\/p>\n

Aside from gasoline prices that are forecast to be higher than 2016, highlights include:<\/p>\n

\"Gasoline$355 billion will be spent on gasoline in the U.S. over the course of the year, $52 billion more than last year. That\u2019s a considerable jump given that motorists saved $39 billion on gasoline in 2016 versus 2015.<\/p>\n

The seasonal switch from \u201cwinter-blend\u201d to \u201csummer-blend\u201d, as mandated by EPA and the Clean Air Act, will bring a spike at the pump later this winter and spring, with the national average gas price rising between 35-60 cents between mid-February and a peak, likely to occur in May.<\/p>\n

$3 a gallon gasoline will be seen in at least the nation\u2019s largest cities: Los Angeles, New York, Chicago, Washington, D.C., and Seattle, with a strong possibility of such prices also appearing in a majority of the nation\u2019s 20 largest metros.<\/p>\n

\u201cThe list of factors being mixed into the yearly forecast has never been larger,\u201d said Patrick DeHaan, senior petroleum analyst for GasBuddy. \u201cThis year will see a new administration take over, perhaps the most oil-friendly in some time, and with so many unknowns in regards to policy changes, we\u2019ll be keeping a keen eye on such along with taxation changes.<\/p>\n

\u201cBut forecasting fuel prices, especially this year, remains a challenging balance of science and art,\u201d DeHaan added.<\/p>\n

Additional components that have the potential to weigh on retail gasoline prices include federal and\/or state tax changes, Middle East volatility, currency fluctuations, refinery maintenance and\/or unscheduled outages, weather events, and shipping-transportation snafus.<\/p>\n

“In recent years the ‘price at the pump’ continues to garner more media attention, serving as an economic barometer on Main Street that stirs opinions from a broad swath of consumers from coast to coast,” said Gregg Laskoski, senior petroleum analyst. “Forecasting the direction of that ‘barometer’, the potential trouble-spots, and how the trends are likely to translate into dollars and cents affords us the opportunity to share insights that help everyone save money, even when prices are climbing.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Submitted information BOSTON, Massachusetts — Motorists may get some sticker shock in 2017 and will shell out $52 billion more over the course of the year, compared to 2016, as the national yearly average rises to $2.49 per gallon, according to GasBuddy\u2019s 2017 Fuel Price Outlook. Aside from gasoline prices that are forecast to be […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-83211","post","type-post","status-publish","format-standard","hentry","category-news"],"publishpress_future_action":{"enabled":false,"date":"2026-08-04 07:32:32","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/83211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/comments?post=83211"}],"version-history":[{"count":0,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/83211\/revisions"}],"wp:attachment":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/media?parent=83211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/categories?post=83211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/tags?post=83211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}