Predicting the Pump: How Much Will We Be Paying for Gas in 2018?

Fueling prices and average economy aren’t exactly the sexiest of automotive topics, but they are the two that will probably influence your life the most directly in the coming year. Expensive gas thrusted countless Americans into economy cars during the early 1980s and 2000s, so any advanced warning would be useful to those considering a new vehicle this year.

Last month, crude prices surpassed $60 per barrel after weekly American output dipped and stockpiles fell. That’s the highest they’ve been in over two-years and, with OPEC cutting production and China hungrier for the black stuff than ever before, prices aren’t expected to drop anytime soon. Does that mean you should nix purchasing that big sport utility vehicle you’ve been eyeballing and option the greener alternative?

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  • Funky D Soooooooooo ...[list][*]Locally sourced parts are going to be more expensive than their Chinese counterparts (not a knock, just a fact)[/*][*]Prices of EVs are already up sharply[/*][*]So let's cut subsidies and make them even more expensive.[/*][/list]What a way to "reduce" inflation, which is just one of the major fails in this Charlie Foxtrot of a bill.
  • Kcflyer Guess we know who didn't give enough bribe money (aka campaign contributions) during the latest cycle. Got to pay to play boys and girls.
  • Ima65688420 I'll consider an EV when it can do what my ZR2 diesel can do with similar range and refuel times.
  • SCE to AUX Irony is everywhere:[list][*]The mfrs come to Washington asking for a steak, but get a burger instead. Gov't says "we gave you a meal."[/*][*]The alleged purpose behind EV subsidies is to clean up the air, but domestic content requirements means it's really an American nationalist agenda.[/*][*]Tesla lobbied against more subsidies on philosophical grounds, but got them anyway.[/*][*]Rebates on used EVs will drive up the price of used EVs.[/*][*]EV startups necessarily start with higher models, then work down-market. The new rules shut out Rivian and Lucid just as they are trying to get traction. But maybe - as with Tesla ca. 2018 - they won't lose high-dollar customers over a 'few bucks'.[/*][/list]What a mess.
  • Ajla Much like with CAFE I think the new MSRP limits should be set to a single level instead of $55K for cars and $80K for "trucks".