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PUMP PRICES: Gas prices expected to rise heading into spring

CHARLOTTE, N.C. — The prices at the gas pump have been expensive at the start of 2018, and AAA Carolinas believes that’s a trend drivers will continue to see.

Right now, drivers are paying a quarter more than at the same time last year. In North Carolina, prices are currently $2.41 and in South Carolina, the average is $2.28.

[LINK: Gas Price Tracker]

AAA officials do not expect the national gas price to be reminiscent of 2011-2014, when drivers were paying on average $3.47 a gallon. While some states, like California, may see $4 a gallon, it will be temporary.

Looking ahead to the summer, AAA officials expect summer gas prices to be just as expensive as spring prices, but they may not increase at such quick rate.

Reasons for increased pricing this spring:

  • Prices usually drop in January.
  • OPEC is cutting oil production. The oil organization reportedly hit a 10-month low last month. Less oil means higher prices.
  • Refineries in the Gulf typically do maintenance this time of year, which could affect cost even more, especially if they run into complications.

Fuel-saving tips for consumers:

According to the AAA Foundation for Traffic Safety’s American Driving Survey, on average Americans drive 32 miles a day and spend 51 minutes behind the wheel. AAA offers a few ways to conserve fuel:

  • Slow down. The faster you drive the more fuel you use. Every 5 mph over 50 mph is like paying an additional $0.18 per gallon, according to the Department of Energy.

  • Share work or school rides by carpooling or consider public transportation.
  • Do not use your trunk for storage. The heavier your car, the more fuel it uses.
  • Combine errands. If possible, park in a central spot and walk from place to place.

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