Will gas prices fall in 2024?

Gas prices will fall in 2024 for the second year in a row, according to GasBuddy projections shared exclusively with CNN. GasBuddy, which had a forecast for 2023 that proved to be eerily accurate, expects US gas prices will average $3.38 a gallon in the key election year of 2024.

Will gas prices go up in 2022?

The national average price for a gallon of gasoline hit a four-month high on Wednesday, and analysts expect it to keep rising as oil prices trend upward, refineries struggle with capacity and states transition to a more expensive summer fuel blend, though prices are far from where they were at their mid-2022 peak.

Will natural gas production fall 1% in 2024?

We expect U.S. marketed natural gas production to fall by 1% in 2024 because of low natural gas prices. Marketed natural gas production in the Haynesville region in our forecast falls by 9% this year and production in the Appalachia region falls by 4%.