Expect higher gas prices in 2018

3 months 3 weeks 8 hours ago Thursday, January 04 2018 Jan 4, 2018 Thursday, January 04, 2018 12:28:00 AM CST January 04, 2018 in News
By: Edward Redler, KOMU 8 Reporter
loading

COLUMBIA - Americans can expect a raise in gas prices in 2018, but Missouri might see even greater increases.

The 2018 Fuel Price Outlook released Wednesday by GasBuddy predicts the yearly national average will rise 18 cents to $2.57 per gallon.

That would be the highest since 2014.

The nation’s yearly gasoline bill will rise an estimated $364.6 billion dollars, about $25 billion more than what motorists spent in 2017.

The average household can expect to see their yearly gasoline bill rise to $1,898, up from $1,765 last year. Compared to 2016, motorists will be shelling out $62 billion more during the year.

In addition, The 21st Century Missouri Transportation System Task Force recommends a 10 cent hike in the state gas tax to 27 cents a gallon to pay for statewide road and bridge work. It also wants to raise the diesel fuel tax to 29 cents a gallon.

Both the gas and diesel taxes have been set at 17 cents since 1996.

"The first thing I'm thinking about is my bank account, if I'll be able to afford that," student Tammika Williams said. "But at the same time, there's nothing I can really do about it."

The proposed fuel tax hike would need to pass both the legislature and Missouri voters. The House refused to take up a proposed fuel tax hike in 2015.

Lawmakers began a roughly five-month legislative session on Wednesday. If passed, the tax hike still would need public approval through a statewide vote.

Tax hikes have struggled to make it through the legislature and voters rejected a sales tax hike for transportation in 2014.

"It stinks," driver Ian Hollander said. "I only make so much, so extra money I'll spend towards gas means taking that money away from something else."

More News

Grid
List
ST. LOUIS – The St. Louis Cardinals (15-9) wrapped up their three-game series with the New York Mets (15-8) in... More >>
11 minutes ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 5:41:26 PM CDT April 26, 2018 in Sports
KANSAS CITY (AP) — Missouri now has 10 cases of measles, including three students, according to health officials. The... More >>
13 minutes ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 5:38:45 PM CDT April 26, 2018 in News
JEFFERSON CITY (AP) — Republican Senate President Pro Tem Ron Richard says he has not yet decided whether to... More >>
16 minutes ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 5:35:58 PM CDT April 26, 2018 in News
JEFFERSON CITY - Missouri civil engineers graded Missouri roads a D+ in their latest report card. That's down from a... More >>
2 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 3:25:00 PM CDT April 26, 2018 in News
COLUMBIA - The growing number of school shootings is prompting mid-Missouri educators to take a close look at what they... More >>
2 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 3:13:00 PM CDT April 26, 2018 in News
COLUMBIA - A Columbia Public School community service project that has students removing invasive honeysuckle is on hold after $700... More >>
2 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 3:05:00 PM CDT April 26, 2018 in News
JEFFERSON CITY (AP) — The Missouri Republican Party is seeking to boot four candidates from the primary ballot, including two... More >>
4 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 1:11:55 PM CDT April 26, 2018 in News
NORRISTOWN, Pa. (AP) — Bill Cosby has been convicted of drugging and molesting a woman in first big celebrity trial... More >>
4 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 12:57:04 PM CDT April 26, 2018 in News
SPRINGFIELD (AP) — The Missouri Department of Natural Resources plans to return $575,000 it received for two new state parks... More >>
5 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 12:25:42 PM CDT April 26, 2018 in News
JEFFERSON CITY - The state auditor's office released a report Thursday detailing what it found to be "questionable communications and... More >>
6 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 11:01:28 AM CDT April 26, 2018 in News
SUMNER – The average wild Canada goose’s wingspan is 4.2 to 5.6 feet, according to National Geographic . Maxie ,... More >>
7 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 10:30:00 AM CDT April 26, 2018 in News
ST. LOUIS (AP) — A St. Louis judge has turned down a request from attorneys for Missouri Republican Gov. Eric... More >>
7 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 10:24:00 AM CDT April 26, 2018 in News
SPANISH LAKE (AP) — Police said they discovered the bodies of two men and a woman inside a suburban St.... More >>
8 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 9:18:00 AM CDT April 26, 2018 in News
COLUMBIA - A rollover crash on the I-70 outer road early Thursday morning sent two people to the hospital. ... More >>
9 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 8:28:00 AM CDT April 26, 2018 in News
STRAFFORD (AP) — Authorities say a homeless hitchhiker has died from a stab wound that he suffered while scuffling with... More >>
10 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 7:43:30 AM CDT April 26, 2018 in News
SPANISH LAKE (AP) — Authorities are investigating after three people were killed and a woman was injured in suburban St.... More >>
10 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 7:37:21 AM CDT April 26, 2018 in News
COLUMBIA - A man is suffering from a gunshot wound after an argument in the parking lot of the... More >>
13 hours ago Thursday, April 26 2018 Apr 26, 2018 Thursday, April 26, 2018 4:40:00 AM CDT April 26, 2018 in News
COLUMBIA - The Gentry Middle School parent-teacher association gave students a chance to learn yoga Thursday. "We're helping them... More >>
18 hours ago Wednesday, April 25 2018 Apr 25, 2018 Wednesday, April 25, 2018 11:00:00 PM CDT April 25, 2018 in News
Columbia, MO
Broken Clouds 70°
6pm 68°
7pm 67°
8pm 64°
9pm 61°