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Future gas prices depend on a number of factors that aren’t easy to predict, but as a benchmark, the U.S. Energy Information Administration released predictions for lower gas prices, averaging ...
Gasoline prices hit 2023 highs this week as US crude topped $90 per barrel for the first time since November of last year. ... versus a prior forecast of $2.20 to $2.50. ... Brent crude futures ...
Drivers can expect to end 2023 with gasoline prices around their lowest levels of the year. ... The Energy Information Administration forecasts gasoline will average $3.36 next year, compared to ...
A global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the globe facing shortages and increased prices in oil, gas and electricity markets. The crisis was caused by a variety of economic factors, including the rapid post-pandemic economic rebound that outpaced energy supply, and escalated into a widespread ...
Updated April 19, 2024 at 7:00 AM. At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are ...
Hubbert's original predictions for world peak oil production proved premature. [11] As of 2024, forecasts of the year of peak oil range from 2028 to 2050. [12] These predictions are dependent on future economic trends, technological developments, and efforts by societies and governments to mitigate climate change. [8] [13] [14]
Gas prices have been on a downward trend recently, with the national average at $3.40 per gallon, according to AAA.. The EIA forecasts the average for 2023 to come in at $3.55 per gallon, compared ...
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.