Price of Gas Starts the Year at a Record High
Despite gas prices declining as 2013 came to a close, 2014 has started out with the highest price on record for the start of the year.
According to AAA, the average price of a gallon of regular unleaded gasoline was $3.31, which marks the fifth consecutive year that January 1 had higher gas prices than the year before. In 2011, the average gas price on January 1 was $3.07 while 2012 saw it rise to $3.28. Last year, the New Year started with the pumps at $3.29.
Despite the New Year increase, gas prices this year are expected to average lower than 2013.
According to the U.S. Energy Information Agency, gasoline production in the U.S. is at its highest level in more than 30 years. On average, gasoline was six cents more expensive than one week ago. The national average of gasoline has increased for 11 straight days after it had fallen on 19 of 22 days.
[Source: The Detroit Bureau]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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