WASHINGTON – We’re just days away from 2022, but starting the new year off with a bang might not be in the cards, thanks to Omicron.
Rising cases are raising safety concerns and hitting the workforce, all while the supply and demand balance remains out of whack.
Gas Buddy predicts the national average for gas prices could flirt with the $4-dollar mark by Memorial Day, and agricultural analysts don’t think we’re going to get much of a break at the supermarket either.
Between pent-up demand, high shipping costs, and bad weather, food prices aren’t expected to go down any time soon.
Of course, these are all just predictions, but economists who have downgraded their forecasts for early 2022 saying they’re keeping a close eye on COVID-19 and how Capitol Hill reacts.