• News
  • Business

Gas expected to rise five cents per litre in 2018

Gas expected to rise five cents per litre in 2018

Average retail gasoline prices in Lincoln have risen 10.6 cents per gallon in the past week, averaging $2.49/g Monday, according to GasBuddy's daily survey of 146 gas outlets in Lincoln.

And then a combination of factors will contribute to hikes as high as 50 cents a gallon during the spring, Jenkins said.

According to a spokesperson for AAA Northeast, crude oil has been more expensive this year and is also in high demand. Prices were also lower than average in Arkansas, at $2.24, along with Oklahoma, South Carolina, Alabama and Texas, where gas averaged $2.25. Today (Mon.) both Mobil and 76 gas stations had raised the prices but this time by a much larger amount.

State of Tennessee- $2.26, up 1.6 cents per gallon from last week's $2.25. By AAA's account, there were no major supply issues, though the regional market is running a 7 billion barrel deficit for gasoline supplies when compared with past year.

The news comes just a week after GasBuddy's annual report found that 2018 gas prices could be the highest in four years. Average U.S. gasoline demand fell 8.8 percent last week in the first decline since November, government data show.

"It looks like two refineries have run into some more trouble in the USA and that could lead to keeping those prices where they are", McTeague said.

GasBuddy Predicts Jump in Price
Gas expected to rise five cents per litre in 2018

In their Fuel Outlook Report, GasBuddy projects that the average household will spend about $1900 on gas this year, which is a almost $400 jump from the $1500 average last year.

Nationwide, the average price of gas is expected to reach or exceed $2.70 a gallon in April and May, GasBuddy reported.

Higher-than-normal prices have persisted amid an extended cold snap.

In GasBuddy's 2018 Fuel Price Outlook, September is predicted to be the most expensive month at $1.24 while January should be easiest on the wallet at an average of $1.13.

"I would be shocked if we saw greatly increased prices in gasoline in 2018", said Skylar McKinley, spokesman for AAA Colorado in Denver.

Bigg Boss 11: Luv Tyagi eliminated; show gets its top 5 contestants
After the voting process was done, the votes had to be counted and in that Luv has received the least number of votes. The show's ratings are high all thanks to its contestants as they sparked controversies with their words and actions.

Leave Your Comment

Leave Your Comment


Latest News

  • Replay of SpaceX's first launch and landing of 2018

    Replay of SpaceX's first launch and landing of 2018

    With Falcon heavy, SpaceX will also attempt to simultaneously land and recover all three of its first-stage rocket cores. Time says that SpaceX plans to launch a total of 30 rockets over the year, which is 12 more than last year.
    Prosecutors in pot-friendly states will decide on crackdown

    Prosecutors in pot-friendly states will decide on crackdown

    Attorney McGregor "Greg" Scott grew up in Humboldt County, deep in California's famed "Emerald Triangle" marijuana-growing region. The Oregon State Police a year ago released an analysis of the state's compliance with the Cole memo in light of legalization.
    Maha doctors observe 12-hour strike against NMC bill

    Maha doctors observe 12-hour strike against NMC bill

    As per its provisions, the government can regulate the fee structure of only up to 40% of the seats at a private medical college. A top team from the Indian Medical Association met Nadda in New Delhi yesterday and raised their concerns.
  • Trump, Bipartisan Lawmakers Discuss Immigration Reform

    Trump, Bipartisan Lawmakers Discuss Immigration Reform

    Kelly often discussed being open to meeting with Democrats as much as Republicans, and spoke of sympathy toward the DACA population.
    Oprah Delivers Inspiring Speech for Cecil B. DeMille Award at Golden Globes

    Oprah Delivers Inspiring Speech for Cecil B. DeMille Award at Golden Globes

    It is not the first time that Winfrey's name has been associated with a White House . Secretary of State Hillary Clinton in her losing 2016 campaign against Trump.
    Google Merges Wallet, Android Pay into Google Pay

    Google Merges Wallet, Android Pay into Google Pay

    Basically, the same way you pay for things now will continue, except it'll all be called Google Pay. Those include Airbnb, Dice, Fandango , HungryHouse and Instacart.
  • Trump says Russian Federation  probe is a 'Democrat hoax'

    Trump says Russian Federation probe is a 'Democrat hoax'

    President Trump is downplaying the possibility that he'll take part in an interview with FBI investigators. Q&A Who is running the Trump-Russia investigations? Virginia Sen.
    Kia Niro EV shows brand's electric future

    Kia Niro EV shows brand's electric future

    Woong-chul Yang said: "Kia's connected cars will be both boundless and connected and offer a new kind of mobility experience". It is, we're assured, built using new production technology earmarked for "near-future EVs " from the South Korean giant.
    Thousands of Flights Cancelled, Delayed Due to Winter Storm

    Thousands of Flights Cancelled, Delayed Due to Winter Storm

    The airport said it's important to check with individual airlines to make sure flights are on time or if it needs to be rebooked. Thousands of flights across the country are cancelled due to the " Bomb Cyclone " on the east coast.
  • Suspects in death of 4-year-old MI  girl captured in Georgia

    Suspects in death of 4-year-old MI girl captured in Georgia

    Sumpter Township police have released photos of a man and woman they say are wanted in the death of their 4-year-old daughter. WDIV reported that the girl's January 1 death was not the first time police have been called to the couple's mobile home.
    Supreme Court to review Section 377: All your questions answered

    Supreme Court to review Section 377: All your questions answered

    The court also issued a notice to the Centre seeking its response to a writ petition filed by five members of the LGBT community . LGBT rights groups called the law the "worst in the nation" and the Supreme Court's decision a "missed opportunity".
    Raiders to make Jon Gruden highest-paid coach in National Football League  history

    Raiders to make Jon Gruden highest-paid coach in National Football League history

    ESPN reported that Davis was in hot pursuit for Gruden with a persuasive offer that included an ownership stake in the Raiders. Gruden last coached in the National Football League in 2008 with the Buccaneers, whom he led to a Super Bowl title in 2002.
  • HTC Vive Introduces New Vive Pro Headset, Wireless Adapter

    HTC Vive Introduces New Vive Pro Headset, Wireless Adapter

    HTC's version will employ Intel's WiGig wireless-transmission protocol, as opposed to TPCast's use of a different 60GHz standard. That's particularly the case for high-end VR systems like the Vive or rival Oculus Rift , a headset from Facebook's Oculus unit.
    Paris Hilton announces engagement to Chris Zylka

    Paris Hilton announces engagement to Chris Zylka

    Hilton and Zylka celebrated their engagement on New Year's Eve with Sofia Richie and Rita Ora at nightclub 1 OAK's Aspen pop-up. The couple have been dating for two years and made their relationship public last February .
    Spain manufacturing sector posts more solid growth in December

    Spain manufacturing sector posts more solid growth in December

    That said, the level of business confidence remained below the trend observed for the survey history. Subsequently, firms raised their average selling prices at the fastest pace since February.
  • Damien Harris Will Stay At Alabama

    Damien Harris Will Stay At Alabama

    Payne was a key run-stopper in the middle and also had an interception and touchdown catch in the semifinal win over Clemson. ESPN's Mel Kiper Jr. rates Ridley as the draft's top receiver and the 10th-best player overall in his big board .
    Millie Bobby Brown is the Female Sherlock Holmes

    Millie Bobby Brown is the Female Sherlock Holmes

    Stranger Things stars Millie Bobby Brown is set to play Sherlock Holmes' sister Enola Holmes in a brand new film series. Springer published her first Enola Holmes book, The Case of the Missing Marquess , back in 2006.
    All you need to know about Nokia 6 (2018)

    All you need to know about Nokia 6 (2018)

    We can expect HMD to launch the Nokia 6 2018 in India soon enough but the company will have to get the pricing right on this one. But this device was much less powerful and it had an entry-level SoC, while the new model will sport a mid-range processor.

Breaking News



Recommended

Rain on tap but watch out for Friday night

The strongest winds will be found from west central to south central Minnesota where winds could gust to 40 miles per hour . WHERE.Portions of northwest and west central Wisconsin and east central, south central and southeast Minnesota.

Trump's plaintiff cry to Bannon, Wolff - Shut up or I'll sue

Earlier on Saturday, Wolff said the revelations in his book were likely to bring an end to Trump's time in the White House . Full of lies, misrepresentations and sources that don't exist.

Acer and HP unveil new Chromebooks ahead of CES

Just looking at the image gallery below, you will be impressed with the simple yet stylish design of the new Acer Chromebook 11 . HP's last Chromebox was a hit in the Chrome OS community, but it released in 2014 and a lot has changed since then.

HP joins Nvidia's big effing display game with Omen X 65

The popularity of the Big-Format-Gaming-Display is yet to be determined, and pricing and availability are unknown at present. The green team has done another exceptional job, and we're more than eager to find out what else will there be at CES 2018.

'Trump administration trying something new for Pakistan'

The President has cushioned his indictment of Pakistan with action by holding back two $50 million foreign financing to Islamabad. We've invested a lot of blood and treasure in Afghanistan. "Pakistan is saying that the Haqqani no longer exist in Pakistan".

LaVar Ball tells ESPN Walton has lost Lakers; coaches react

Clearly, LaVar is a father who wants to have input on how his sons are coached, who they play with, and what they do on the court. Lonzo Ball was asked Sunday at the Lakers' shootaround if he likes playing for Walton.

Astronaut John Young remembered as "fearless"

He eventually became one of the most accomplished astronauts in the history of the United States space programme. Mr Young spent his last 17 years at Johnson Space Centre in Houston in management, focusing on safety issues.

Mariota, Titans mount second half comeback, beat Chiefs 22-21

Mariota rolled to his left and threw toward the end zone, but Chiefs cornerback Darrell Revis deflected the pass back toward him. Saturday's outcome, the latest in a cavalcade of brutal playoff exits, extended the Chiefs' home playoff drought another year.

Raiders GM Reggie McKenzie turns down interview for Packers job

A day before the Raiders fired Jack Del Rio , Adam Schefter filed a report that the Raiders were heavily pursuing Gruden . Jim and John Harbaugh were active for four seasons from 2011-14 in San Francisco and Baltimore, respectively.

United Kingdom needs 'latte levy' on disposable coffee cups to cut waste - lawmakers

The US firm said it would trial a 5p charge on its cups at up to 25 of its London coffee shops in wake of the MPs' report . However, MPs criticised coffee chains for confusing customers by perpetuating the notion coffee cups are recyclable.