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Gas prices are expected to continue to rise, with the national average over$4for much of 2022. As national averages for a gallon of regular gas and diesel broke records in the United States this week, many are wondering how long the surge may continue and when prices at the pump will finally drop.
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Is the gas price going to increase?
Yes, according to our forecasts, the Gas price is going to increase. Now the Gas price is $8.82000, but by the end of 2022, the average Gas price is expected to be $10.93267. In a market driven by volatility, it is crucial to stay up to date about the GAS price.
What will be the average gas price in 2022?
GasBuddy’s 2022 gasoline forecast predicts the average cost of a gallon of gas will peak in May at $4.25. Even as prices begin to decline after May, the average is expected to remain over $4 until November. The average for 2022 is expected to be $3.99.
What is the average cost of a gallon of gas?
The national average for a gallon of gas is $4.86, according to AAA. That is 26 cents more than Memorial Day weekend prices, but it reflects a decline in prices in recent weeks. Gas prices peaked when the all-time record, not adjusted for inflation, was reached June 14 at $5.01 a gallon.
How much will gas prices go up for 4th of July?
Fourth of July travelers will have some relief at the pump, although gas prices are still at levels never before seen for the holiday weekend. The national average for a gallon of gas is $4.86, according to AAA. That is 26 cents more than Memorial Day weekend prices, but it reflects a decline in prices in recent weeks.