Motorists set to pay highest year-end gasoline pump prices in 3 years: AAA

Yeah, we’ve been watching the creep up. We’re not happy about it either.

(From MarketWatch)

Drivers are poised to pay the highest year-end U.S. average gasoline price in three years due to continued demand and a climb in exports of the fuel.

On Monday, the national gas price average stood at $2.51 a gallon, according to motoring and leisure travel membership organization AAA. That’s 38 cents higher than the same time a year ago.

Prices are expected to fall by 5 to 20 cents a gallon before year-end, to about $2.46 to $2.31, according to Jeanette Casselano, an AAA spokeswoman.

Even so, motorists will still see the highest November and December gas prices since 2014, she said. November daily prices averaged $2.17 last year, $2.14 in 2015 and $2.89 in 2014.

“Driving factors for cheaper gas prices this winter include colder temperatures, the threat of inclement weather and online shopping,” said Casselano.

But this year, gas prices have “strayed” from typical trends, which historically see year-end gas prices relatively cheap because of a “drop-off in fall gasoline demand around Labor Day,” the AAA said in a press release.

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