Gas Prices Expected To Drop In 2023, Average $3.49 Per Gallon For The Year | Carscoops carscoops
. Thankfully, that’s a distant memory as the current average is $3.216 per gallon, but what does the future hold?looked into their crystal ball and are expecting prices to drop. While predicting the future isn’t easy, they expect the yearly national average price of a gallon of gasoline to drop nearly 50 cents to $3.49 per gallon. Furthermore, they expect the summer driving season to be significantly more affordable as they’re expecting prices to hover around $4 per gallon.
While that’s good news, GasBuddy warned that places such as Los Angeles and San Francisco could see prices near $7 per gallon this summer. Only time will tell what happens, but the company says this largely depends on whether or not “refineries struggle under mandates of unique formulations of gasoline.”
Despite some areas possibly seeing gasoline at $7 per gallon, consumers are expected to save money in 2023. In particular, GasBuddy estimates households will spend $2,471 on gasoline this year, which would be a drop of $277. While that sounds like a sizable improvement, households only spent $1,952 in 2019.
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