2019 Welcomes Lowest Gas Prices Since 2016

The New Year ushered in a national gas price average of $2.25—10 cents less than the beginning of 2017 and 24 cents less than the start of 2018.

As the New Year kicks off, c-store customers are enjoying the lowest national gas price average in three years.

AAA reported that the $2.25 national gas price average on Jan. 3 was one cent less than the average on Jan. 1 and trends show gas prices are likely to remain low for the first half of January. The national average is 10 cents less than the average at this time in 2017 and 24 cents less than it was at the beginning of 2018.

- Advertisement -

Gas Price Averages: Jan 1-3
2016   2017   2018   2019
$1.99 $2.35 $2.49 $2.25

Some 29 states are even posting gas price averages below the national average.

Missouri has the least expensive gas at $1.83, while Hawaii ($3.34) continues to post the most expensive average.

“With OPEC production cuts slated to take effect this week, analysts will closely be watching the price of oil,” said Jeanette Casselano, AAA spokesperson. “Significant movement toward higher market prices would mean cheaper gas prices could be in the rearview mirror. However, AAA expects to see minimal volatility at the start of the cartel’s production cuts.”