Analysts: 2017 to bring higher gas prices
San Antonio expected to peak in May as high as $2.70
SAN ANTONIO – A gallon of unleaded gas already costs 40 cents more than this time last year. Now the analysts at GasBuddy.com said consumers can expect that upward trend to continue in 2017, resulting in the highest pump prices consumers have paid in three years.
"It impacts me a lot," driver Gregory Holmes said. "It means I'll need to only go places I really need to go."
GasBuddy issued its annual fuel outlook, anticipating notably higher prices that average 36 cents a gallon higher than last year. The list of reasons includes the Organization of the Petroleum Exporting Countries cutting production, higher crude, currency fluctuations, weather and a new administration.
Currently, San Antonio's average is $2.10 a gallon. But come February, when refineries begin to switch to mandatory, cleaner-burning warm weather blends, prices will begin their annual climb.
GasBuddy anticipates that San Antonio will see its peak prices of the year in May, with prices as high as $2.70 a gallon.
"Two-seventy is high," driver Hope Johnson said. "But I still have to do what I have to do. I have people who depend on me."
The year 2016 was a particularly tame year for gas prices. Most of the year, San Antonio drivers paid less than $2 a gallon.
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