Retail News

Gas prices may head back up, but not like 2022

CNN 12/28/2022

According to projections by fuel price-tracking app Gas Buddy, consumers will likely have to deal with gas prices in the $4 a gallon range again by May of next year, but they won’t see erratic spikes over $5 that caused many to alter their driving and shopping habits in 2022. Gas Buddy is predicting that the national average for regular gas will decline to $3.49 a gallon in 2023, down about 50 cents from this year.

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