Gas Prices Expected to Rise in 2022, Could Exceed $4 Average in Spring: GasBuddy

Gas Prices Expected to Rise in 2022, Could Exceed $4 Average in Spring: GasBuddy
Gasoline prices are displayed at a gas station in Los Angeles, Calif., on Nov. 15, 2021. Mario Tama/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

A fuel forecast from GasBuddy predicts gasoline prices will reverse their downward drift and rise next year, potentially jumping as high as $4.13 per gallon in June, although a likely bump in crude supply is expected to push prices lower by the end of 2022.

GasBuddy’s 2022 Gasoline Forecast (pdf), released Dec. 29, predicts that the national retail gasoline price will average $3.41 per gallon for all of 2022—assuming no significant interruptions to the ongoing economic recovery.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter
Related Topics