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Prediction for Average Gas Prices in 2023. ... The EIA predicts that in 2023, a gallon of regular gasoline will average $3.51 compared to the average price of $3.99 per gallon for 2022.
For example, from May 2022 to June 2022 the average cost of gas increased by $0.88 per gallon. Data below from the U.S. Energy Administration show fuel costs from 2011 to 2023. Average price per ...
The average American is paying $3.45 per gallon at the gas pump -- a price nowhere near the historic $5 or more experienced last summer, but not far removed enough to feel comfortable. The...
The current national average gas price is $3.55 per gallon, according to AAA, with much of the South barely over three bucks. That's not terrible, historically speaking -- and it's certainly better...
In Europe, gas prices increased by more than 450%, and electricity by 230% in less than a year. [108] On February 22, 2022, before the Russian invasion, the German Government froze the Nord Stream 2 pipeline between Russia and Germany, [109] causing natural gas prices to rise significantly. [110]
Coal use in Europe increased by 14% in 2021, and was expected to rise another 7% in 2022. Soaring natural gas prices have made coal more competitive in many markets, and some nations have resorted to coal as a substitute for potential energy rationing in the 2022–2023 winter.
Gas prices hit new 2023 highs Monday as a squeeze on oil supply sent prices of refined products higher. ... These cuts are in addition to OPEC+ reductions announced in the fourth quarter of 2022.
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.