Gas prices will continue to drop in 2023, according to price watchers
SALT LAKE CITY — Gas price watchers at GasBuddy predict that next year’s pain at the pump will subside a bit.
Russia’s invasion of Ukraine has affected the global market for fossil fuels and crude oil over the last year. The U.S. and European Union placed sanctions on Russia that forced crude oil prices to go up.
Last June broke the record for the U.S.’s highest national average price for a gallon of gas: $5.016.
Thankfully, those prices dropped. The national average as of Thursday was $3.159, according to AAA.
And, 19 states are reporting averages of less than $3 per gallon of gas.
GasBuddy predicted that 2023’s yearly average for gas would be $3.49.
But average national prices will still see some spikes, GasBuddy said. Next year, GasBuddy predicts an average price during peak travel season in the summer, at just over $4 per gallon. Which will still be lower than 2022’s summer averages.
Today’s Top Stories
- Herd of elk pushed away from I-80 and moved back into mountains
- Weather causing delayed starts for several schools across Utah
- Governor Spencer Cox signs transgender bill, releases statement
- Jordan High student killed in Sandy crosswalk by school bus
- Three vehicle crash in Sanpete County leaves one dead
- Utah leading a lawsuit against new ESG rule affecting 401(k) plans
- Two Republicans voted against bill banning transgender-related surgery, here’s why
- Trump says he’s ‘more angry’ and ‘more committed’ to White…
- SLC restaurant “Manoli’s” nominated for James Beard Award
- Engineer who refused to approve Challenger launch dies in Ogden