BUSINESS + ECONOMY
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.
Salt Lake City scores high in new financial health report
Inflation hitting Utah Food Bank patrons and donors
Citing inflation, Utah governor indicates tuition freeze is coming
We want to hear from you.
Have a story idea or tip? Send it to the KSL NewsRadio team here.
Today’s Top Stories
- Monday morning commute could be affected by additional inches of snow
- Wrong way driver leads to fatal crash in Weber County
- Sandy Police officer involved in fatal shooting
- Salt Lake County Animal Services looking for a home for Amy Swinehouse
- Hear it Firsthand: 6 Students Share Their Executive MBA Experience at BYU’s Marriott School…
- Robbery at swap meet leaves one victim shaken up
- Body found at 600N, I-15 Southbound
- Utah’s COVID-19 transmissions slowed but still present
- Full interlodge in effect for Alta and Snowbird ski area
- KSL EXCLUSIVE: “It’s been a punch to the gut,” Woods Cross mom of boy…