Report: Gas Prices Could Average $4 per Gallon Nationally by Late Spring
Gas prices could climb to a national average of $4.00 per gallon by late spring of 2022, according to a report by GasBuddy, a company that tracks fuel prices across North America.
In a report published Wednesday morning, the company predicted that national gasoline prices could range anywhere between $3.52 – $4.06 per gallon next May, with a national average potentially reaching $3.79 per gallon. GasBuddy predicts similar prices in June, as it estimates national gas prices could span between $3.43 – $4.13, with a national average of $3.78 per gallon.
“A national average of $4 per gallon is possible this spring, largely due to pandemic recovery and rising demand before relief, or additional oil supply, arrives later in 2022,’” GasBuddy wrote in a newsletter accompanying the report.
While most major cities could see prices top out at $4.00 a gallon, California metro areas such as San Francisco and Sacramento could face costs exceeding $5.00 per gallon, according to the report. – READ MORE
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