Expect higher gas prices in 2018

2 weeks 4 days 23 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
JEFFERSON CITY — Missouri Republican Gov. Eric Greitens made his first public appearance in nearly two weeks since acknowledging an... More >>
5 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 6:20:00 PM CST January 22, 2018 in News
WASHINGTON - It took three days, but Congress has passed a spending bill to end the government shutdown. If... More >>
5 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 5:50:00 PM CST January 22, 2018 in News
JEFFERSON CITY - Gov. Eric Greitens addressed his affair for the first time in a news conference while announcing his... More >>
6 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 5:15:00 PM CST January 22, 2018 in News
JEFFERSON CITY, Mo. (AP) — Missouri Attorney General Josh Hawley says he wants a change in state law so that... More >>
6 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 4:44:00 PM CST January 22, 2018 in News
FORSYTH, Mo. — One of two suspects in the death of a 72-year-old Missouri man who was left beaten and... More >>
6 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 4:41:04 PM CST January 22, 2018 in News
MOBERLY, Mo. — A Missouri paramedic is accused of burglarizing a patient's home and stealing medication from another home. ... More >>
7 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 4:38:29 PM CST January 22, 2018 in News
COLUMBIA – Columbia residents got their say Monday night on how to make zero traffic-related fatalities a reality. Residents... More >>
8 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 2:59:00 PM CST January 22, 2018 in News
COLUMBIA – An expert in infectious diseases said viruses like the common cold survive well on surfaces and inanimate objects,... More >>
9 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 2:36:00 PM CST January 22, 2018 in News
COLUMBIA - Gun shop owners and gun buyers had no problem buying or selling a gun during the government shutdown.... More >>
10 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 1:35:00 PM CST January 22, 2018 in News
NEW MADRID (AP) — A southeast Missouri man has been sentenced to life in prison without parole for strangling his... More >>
10 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 12:57:00 PM CST January 22, 2018 in News
WASHINGTON D.C. (AP) — The Latest on the budget battle (all times local): 12:55 p.m. It looks... More >>
11 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 11:58:00 AM CST January 22, 2018 in News
COLUMBIA - Columbia Police responded to a reported armed robbery just after midnight Tuesday in the 1600 block of Kitty... More >>
13 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 9:55:00 AM CST January 22, 2018 in News
ST. LOUIS (AP) — A violent weekend in St. Louis has left two people dead and four others injured in... More >>
14 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 9:00:00 AM CST January 22, 2018 in News
OVERLAND PARK, Kan. (AP) — Authorities say an officer has shot and killed a suburban Kansas City teenager while responding... More >>
16 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 7:16:00 AM CST January 22, 2018 in News
KANSAS CITY (AP) — Authorities say a 9-year-old has been fatally shot in an exchange of gunfire in Kansas City.... More >>
16 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 7:00:00 AM CST January 22, 2018 in News
LAKE WALES, Fla. (CNN) -- Two improvised explosive devices detonated at a Florida mall on Sunday that has left police... More >>
17 hours ago Monday, January 22 2018 Jan 22, 2018 Monday, January 22, 2018 5:58:00 AM CST January 22, 2018 in News
JEFFERSON CITY - Gov. Eric Greitens will release his budget recommendations for 2019 at 4 p.m. Monday. A press... More >>
1 day ago Sunday, January 21 2018 Jan 21, 2018 Sunday, January 21, 2018 10:24:00 PM CST January 21, 2018 in News
COLUMBIA - Some say, the summer body is made in the winter, and Clovers Natural Market is hoping a clean... More >>
1 day ago Sunday, January 21 2018 Jan 21, 2018 Sunday, January 21, 2018 7:32:00 PM CST January 21, 2018 in News
Columbia, MO
Broken Clouds 34°
12am 31°
1am 31°
2am 30°
3am 30°

Select a station to view its upcoming schedule:

Coming Up Next

10:35p
The Tonight Show Starring Jimmy Fallon
11:37p
Late Night with Seth Meyers
12:37a
Last Call with Carson Daly
11:30p
The King of Queens
12:00a
King of the Hill
12:30a
Cops

Tonight's Schedule

7:00p
The Wall
8:00p
Better Late Than Never
9:00p
The Brave
7:00p
Supergirl
8:00p
Valor
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld