Gas Buddy Predicts Prices To Hit Nearly $4 A Gallon Next Year

Pixabay / MGN Online

NEW YORK – You’ve probably noticed gas is getting cheaper, but will that trend continue? Gas Buddy doesn’t think so.

The gas price tracking tech company is forecasting prices at the pump will go up next year.

It is predicting the national average will rise to $3.41 cents a gallon, from this year’s average of $3.02.

Gas Buddy believes prices will peak in May at an average of $3.79.

The company is basing its forecast on low oil production from OPEC and refinery closures due to COVID.

It should be noted oil prices are extremely difficult to predict accurately. The federal government and many Wall Street analysts are forecasting they will continue to drop in 2022.


Make it easy to keep up to date with more stories like this. Download the WNY News Now mobile app on the Apple App Store and Google Play Store.


Have a news tip? Email, send us a message on Facebook, or Twitter.

WNY News Now encourages an open exchange of opinions and ideas on our stories, however, we ask everyone to follow our comment policy.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.