What will the future of fuel pricing look like in 2022?

With the price of fuel rising across the globe in the past year, many questions are being asked about what the future of fuel pricing could look like and the level of prices we’ll see in 2022. In a statement on October 20, US President Joe Biden said he expects gasoline prices to fall in 2022 – but this is difficult to guarantee.

How much will gas cost in the future?

By that time, the EIA estimates gas prices will drop to roughly $3.09 per gallon—a near-50-cent price break from today’s prices. While supply and demand are the leading factors that dictate oil and gas prices, they aren’t the only players. Energy policy, executive action and geography also play a role.

How to predict gas price in 2023?

GAS ’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community. Gas price prediction 2023: Gas’s price for 2023 according to our analysis should range between $3.45 to $5.18 and the average price of GAS should be around $4.32.

Will the price of fuel rise again?

Combined with a plateau in consumer demand, global logistics issues, and rising inflation rates – it’s likely that the price of fuel will rise once again. The cost of crude affects consumers’ fuel prices, but also has a significant impact on fuel margins. With such a competitive industry, it’s often the fuel retailers that take the hit on margins.