Posted February 10, 2019 09:30:58US gas prices will rise by about $1.80 per gallon for the year, the Environmental Protection Agency said Monday, which is an increase of more than 20 cents per gallon.US gas supply is in the midst of a price freeze, with no price hikes scheduled for 2018.
The price increase will be more than twice the average of the past five years, according to GasBuddy.com.
The price increase is the first since 2009, when the price of regular gas shot up by almost $2.50 per gallon, the site said.
The average price of a gallon of regular gasoline in 2018 was $2,938.19, up by $1,879 from last year, according the Energy Information Administration.
The average price for diesel fuel in 2018, however, was $1 (3.2 cents) more than in 2017.
The EPA also reported that there will be a $1 billion price freeze on some fossil fuel plants, which have been the subject of a political fight in recent years.
The freeze will affect some plants that produce up to 5 million tons of carbon dioxide per year, which will reduce their production of natural gas and electricity, said EPA administrator Scott Pruitt.
Pruitt said the freeze will also reduce carbon emissions from the production of certain fuels.
The increase will not apply to any of the nation’s power plants, such as coal-fired plants, Pruitt said.
The freeze does not apply for new coal-burning plants.
Pruitt said that the cost of gas for the average household would remain unchanged at $1 per gallon in 2018.
The EPA’s estimate is the price for a gallon is expected to increase by about 20 cents from last month, according an EPA press release.
The government expects the freeze to result in fewer gas stations on the road, and fewer people purchasing gas from those gas stations, Pruitt added.
The federal gas freeze is a temporary measure, and it will last until the end of February, the EPA said.
Gas prices have been rising steadily for years, but it was only last summer that prices actually started rising.
Gasoline has been a staple of life for millions of Americans for decades, as it is a reliable and inexpensive fuel.
The federal government regulates gasoline prices to ensure that Americans pay their fair share of the cost.