Hide

Gasoline prices approach three-year high as oil gets more expensive

Gasoline prices have steadily crept up to a nearly three-year high nationwide, fueled by increasingly expensive oil. Fuel prices averaged $2.68 on Thursday, up 15 cents from a month ago and up 28 cents from a year ago, according to AAA. The average American household is expected to pay about $200 more on gas in 2018 than in 2017, the U.S. Energy Information Administration projected Thursday. It's "going to impact motorists' pocketbooks and wallets for spring and summer, with the hope of them coming down in fall and winter, as we’ve seen in years past," AAA spokesperson Jeanette Casselano said. The price of fuel is the highest it has been in nearly 1,000 days, according to smartphone app GasBuddy, which allows consumers to see gas prices ...