UPDATED: Mar 13, 2020
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After seeing gasoline prices fall for much of the last month, motorists nationwide are experiencing sticker shock as they fill up for Christmas travels. The oil companies, it seems, are making sure drivers have a big lump of coal in their stockings, at least when they fill up their cars.
In my hometown, gas has shot up nearly 30 cents this week, coming in at $3.39 a gallon. Louisville, Kentucky has seen an even more dramatic rise in gasoline prices. Just a week ago, gasoline priced at under $3.00 a gallon was common. But since Wednesday, prices have increased by as much as 50 cents a gallon, with the average cost of a gallon of gas coming in at an identical $3.39.
According to AAA’s Fuel Gauge Report, written by Avery Ash, who serves as AAA’s manager of Federal Relations, some places are still experiencing lower prices, but four states in particular are paying more than 40-cents a gallon than they were at this point last year.
Drivers in five states are currently paying less than 20 cents more at the pump than one year ago: New Mexico (14 cents), Delaware (15.6.cents), New Jersey (18.7 cents), Ohio (19.4 cents) and Maryland (19.8 cents). Drivers in four states are currently paying more than a 40-cent year-over-year premium: Colorado (40.2 cents), Wyoming (40.3 cents), Alaska (40.7 cents) and Hawaii (42.8 cents).
And GasBuddy.com expects consumers in both the United States and Canada to face the highest national average gas prices in history. The U.S. national average has never been over $3.03/gal on Christmas Day. They expect the U.S. average tom come in at $3.20 or more per gallon. And Canada should see prices more than 15 cents a gallon and 6 cents per liter above their record high prices on Christmas.
How about you? Have you seen a spike in gasoline prices where you live this week?