AAA Suggests Higher Gas Prices in 2018

Jan 24, 2018

 

If you’re like most workers in the United States, you’re eagerly awaiting the reduced federal tax withholding in your paychecks promised by the recent GOP tax cut legislation. After all, GOP lawmakers and the Trump administration said lower withholding would kick in by February. Can’t wait to see how many more dollars you’ll be taking home each week/month/pay period, right?

Unfortunately, some, and possibly much, of your gains will likely be wiped away at the gas pump in 2018.

“For consumers, the question is how high are gas prices going to go in 2018,” said AAA spokeswoman Jeanette Casselano on Monday. “Since 2014, gas prices decreased as much as 20 cents in the first three weeks of the year. This year, gas prices are 5 cents more than on Jan. 1 of last year, a possible indication that prices in 2018 will likely be more expensive than last year.”

On Jan. 2, 2017, AAA reported that the average price for a gallon of unleaded regular in the country was $2.34. On Monday it had risen to $2.54 a gallon, an increase of 20 cents. Meanwhile, prices are even higher in Southern Ocean County.

On Tuesday, GasBuddy.com reported only two area gas stations, the Costco in Manahawkin and the Gasco on Route 9 in West Creek, selling gas at less than the national average, with the former charging $2.47 per gallon while the latter was pegged at $2.53. The highest in the area was the Exxon station on Route 72 East in Manahawkin, which was selling a gallon for $2.69.  —R.M.

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