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Experts predict gas prices will resurge in 2022 before dropping again, report claims

In a report provided by Gasbuddy to CNN, the fuel economy experts predict gas prices in the US will surge in 2022 before lowering again.

In the report, provided exclusively to CNN, Gasbuddy predicts fuel will hit an average of $3.41, hitting a peak average of $3.79 in May before coming back down to below current prices. This prediction will reverse some of the relief Americans have been feeling at the pump in the last few weeks.

The White House says the recent decrease in fuel prices is due in part to the administration’s release of the Strategic Petroleum Reserve. “These savings are beginning to reach Americans, and should pick up in the weeks ahead. And it can’t happen fast enough,” Biden said on Friday.

The Gasbuddy forecast also shows some areas may see gas prices approaching and surpassing the $4 mark in June. Gasbuddy’s head of petroleum analysis, Patrick de Haan, told CNN, “The economy is hot. Demand has come roaring back. But supply is still catching up after getting cut greatly in 2020.”

ARTICLE: LAURA SPIVAK

MANAGING EDITOR: CARSON CHOATE

PHOTO CREDITS: WPR.ORG

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Laura is a freelance writer out of Maryland and a mom of three. Her background is in political science and international relations, and she has been doing political writing and editing for 17 years. Laura has also written parenting pieces for the Today Show and is currently working on writing a collection of remarkable true stories about normal people. She writes for FBA because unbiased news is vital to unity, and readers deserve the facts free of opinion.

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