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GasBuddy: Gasoline and Diesel Prices to Fall in 2024
Posted on 12/28/23 at 3:20 pm
Posted on 12/28/23 at 3:20 pm
quote:
U.S. drivers are expected to pay 2% less for gasoline next year, according to GasBuddy’s 2024 Fuel Outlook report published on Friday.
The average price for a gallon of regular gasoline in the United States could still fall below $3 per gallon this winter, according to GasBuddy, before rising in late February, eventually creeping towards $4 per gallon as we head into the summer months.
U.S. drivers could spend $446.9 billion on gasoline next year, with average spending falling to $2,407 for the year—that would be down 2% from 2023, and 12% below what drivers paid in 2022. GasBuddy predicts that the highest holiday retail fuel prices next year will be seen on Memorial Day, falling in the range of $3.56-$4.04 per gallon, with May delivering the highest national average for gasoline prices at $3.89 per gallon.
As for diesel prices, GasBuddy sees them falling incrementally from 2023 and peaking at $4.13 per gallon in March 2024.
“The global refining picture continues to improve, providing more capacity and peace of mind that record-setting prices will stay away from the pump in 2024. I anticipate that we’ll still have some volatility, unexpected outages and disruptions, and potentially weather-related issues, but I do not expect it to lead to record prices. Offsetting OPEC+’s production cuts is contributing to the rise of U.S. oil production, which now stands at record levels. Combined with Canada, North American oil production could further stabilize countries that have decided to curb oil production,” GasBuddy’s head of petroleum analysis, Patrick De Haan, said.
The average price for a gallon of regular gasoline is $3.121 as of Friday, according to AAA, compared to $3.133 per gallon this same time last year.
LINK
Posted on 12/28/23 at 3:31 pm to ragincajun03
How convenient that is
Posted on 12/28/23 at 3:34 pm to ragincajun03
of course, gas will go down and the stock market as a whole will be up. In the last year of a horrible first term for Biden. Vote blue for inflation to go sky high right after the election and come down again just before 2028.
Posted on 12/28/23 at 3:34 pm to ragincajun03
GasBuddy is partisan, pay them little mind.
Posted on 12/28/23 at 3:36 pm to ragincajun03
It’s kinda funny that they know what gas will cost 4-6 months out. No reason for gas to jump a dollar to a dollar and a half 4 months from now
Posted on 12/28/23 at 3:46 pm to ragincajun03
quote:
2024
hmmmmmmmmmmm I wonder what's going on this time
Posted on 12/28/23 at 3:48 pm to ragincajun03
Weird because gas prices have gone up $.20 in the last wk here on the MS Gulf Coast.
Posted on 12/28/23 at 3:51 pm to ragincajun03
(no message)
This post was edited on 12/28/23 at 3:52 pm
Posted on 12/28/23 at 3:53 pm to BilbeauTBaggins
quote:
hmmmmmmmmmmm I wonder what's going on this time
Yeah...I wonder what it could be
Posted on 12/28/23 at 3:56 pm to GCTigahs
Gas is almost $4 a gallon again. More propaganda
They are literally gaslighting you on gas prices now
They are literally gaslighting you on gas prices now
This post was edited on 12/28/23 at 3:58 pm
Posted on 12/28/23 at 3:59 pm to SelaTiger
quote:
of course, gas will go down and the stock market as a whole will be up. In the last year of a horrible first term for Biden.
Gas went down and the stock market went up this year.
Posted on 12/28/23 at 4:01 pm to LoneStar23
quote:
Gas is almost $4 a gallon again. More propaganda
Where besides CA, WA and NV?
Posted on 12/28/23 at 4:03 pm to LoneStar23
quote:
Gas is almost $4 a gallon again. More propaganda
2.37 near me. You must be on the west coast.
Posted on 12/28/23 at 4:24 pm to ragincajun03
A few months ago some of the fear porn politards said oil would be $150-$200 a barrel soon.
Posted on 12/28/23 at 4:25 pm to jbird7
quote:
How convenient that is
What exactly are you implying, Mysterio?
Posted on 12/28/23 at 4:35 pm to LoneStar23
quote:
Gas is almost $4 a gallon again
You must live on the West Coast or the Northeast.
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