Gas Prices Expected To Skyrocket To $3 In Michigan By Spring
Enjoy those $1.99 per gallon fill ups while they last, because a new report from GasBuddy says the national average gas price is expected to hit $2.70 for this year. The national average takes into account every state, but a more detailed description laid out shows that the highest daily average for Detroit will be $2.90-$3.20 for 2019.
GasBuddy's track record for predicting gas prices is pretty spot on, so there is a lot that can be taken from this 2019 outlook. The national average is forecast to rise as much as $1 per gallon from a low in January to a possible peak in May, but economic jitters could weigh heavily on where gas prices go in 2019, according to the study.
Patrick DeHaan, head of petroleum analysis at GasBuddy elaborates on the rise in prices this year: "While the bargain basement gas prices we’ve been seeing in areas across the country have been terrific and most welcomed, the party at the pump will likely wrap up in the next month or two, and prices will begin to rally as OPEC production cuts and a strong U.S. economy push gas prices back up. While the national average failed to hit $3 last year, we have an even stronger possibility of seeing that ugly possibility, which would push prices in some places from $1.99 today to over $3 this spring- which would be an impressive and shocking turnaround in just a few months."