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Although the EIA’s initial predictions for fuel prices in 2023 and 2024 may provide some comfort, reality has proven more nuanced so far. The cost of gas is influenced by production, demand and ...
Gasoline prices hit 2023 highs this week as US crude topped $90 per barrel for the first time since November of last year.. The national average for gas, according to AAA, reached $3.87 per gallon ...
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 ...
Average gas prices by month from 2013 to 2023. January: $2.77. February: $2.83. March: $2.98. April: $3.02. ... Predictions on the overall cost of gas for 2024 change regularly, in part because of ...
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.
A rise in oil prices as a result of peak oil could severely impact the cost of transport, food, heating, and electricity globally. A recent example of this has been seen since Russia's invasion of Ukraine in 2022; a global spike in oil and energy prices exacerbated the global energy crisis (2021–present).
2021–2023 inflation surge. Inflation rate, United States and eurozone, January 1960 through June 2024. Following the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic ...
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 ...