# Pain at the pump: Gas prices heading up after years of decline - The Republic News

> The EIA forecasts a national average retail gasoline price of $2.38 per gallon in 2017, up from $2.15 in 2016, ending a multi-year decline. Logistics firms are monitoring the rise because fuel surcharges and driver costs are affected.

- Date: 2017-01-29 · published 2017-01-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73161-pain-at-the-pump-gas-prices-heading-up-after-years-of-decline-the-republic-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected higher gasoline prices raise fuel and delivery costs for distributors serving feed and livestock customers, a minor bullish input for transport costs.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-10-24 | [U.S. oil prices up after sharp drop in fuel stocks \| Reuters](https://feedsoft.ai/events/12172-u-s-oil-prices-up-after-sharp-drop-in-fuel-stocks-reuters.md) | -0.4% | -19.7% |
| WTI | 2019-05-21 | [EIA Gasoline and Diesel Retail Prices Update, May 21, 2019 - Fuels Market News](https://feedsoft.ai/events/7393-eia-gasoline-and-diesel-retail-prices-update-may-21-2019-fuels-market-news.md) | -7.3% | -17.7% |
| WTI | 2018-05-09 | [Energy Department Raises Diesel, Gasoline Price Forecasts \| Heavy Duty Trucking](https://feedsoft.ai/events/65186-energy-department-raises-diesel-gasoline-price-forecasts-heavy-duty-trucking.md) | +3.5% | -6.0% |
| WTI | 2023-10-11 | [Oil, gasoline prices set to rise in 2024 as OPEC+ production cuts take their toll: EIA](https://feedsoft.ai/events/33795-oil-gasoline-prices-set-to-rise-in-2024-as-opec-production-cuts-take-their-toll.md) | +0.9% | -9.5% |
| WTI | 2026-07-31 | [Oil prices seen gaining as Middle East supply disruptions persist: Reuters poll \| Reuters](https://feedsoft.ai/events/18513-oil-prices-seen-gaining-as-middle-east-supply-disruptions-persist-reuters-poll.md) | -7.4% | -0.3% |

## Sources

- therepublic.com: https://www.therepublic.com/2017/01/29/pain_at_the_pump/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.