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, though 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. “While Americans are likely to see higher prices in 2022, it’s a sign that the economy continues to recover from COVID-19,” GasBuddy head petroleum analyst Patrick De Haan wrote in the forecast. Pump prices will peak in spring, ranging between $3.52-$4.06 per gallon in May and between $3.43-$4.13 per gallon in June, according to the forecast. “No one would love to see $4 per gallon gasoline, but we’ll only get there on the …
Gas Prices Expected to Rise in 2022, Could Hit Over $4 per Gallon in Spring: GasBuddy
December 29, 2021
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