New forecast predicts spring surge in gas prices, followed by sharp drop

Posted on AllSides December 29th, 2021
From The Left
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A new forecast from price tracking app GasBuddy predicts "pain at the pump will get worse before it gets better," CNN reports. This latest prediction estimates the national average gas price will peak, CNN writes, at "a monthly average of $3.79 in May, before finally retreating below current levels by late 2022."

"We could see a national average that flirts with, or in a worst-case scenario, potentially exceeds $4 a gallon," Patrick De Haan, head of petroleum analysis at GasBuddy, told CNN. According to AAA, the current national average gas price dropped to $3.29 a gallon on...

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https://theweek.com/inflation/1008449/new-forecast-predicts-spring-surge-in-gas-prices-followed-by-sharp-drop

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