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Drivers can expect to end 2023 with gasoline prices around their lowest levels of the year. ... The Energy Information Administration forecasts gasoline will average $3.36 next year, compared to ...
The data showed gasoline prices down 10% from a year-ago, the largest annual decline since July 2023. Gasoline prices, as measured by the Consumer Price Index, have not grown since April.
November 15, 2023 at 8:30 AM. ... There are risks to the gasoline price forecast. Notably, the economy could grow at a more brisk pace than expected.
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.
November 15, 2023 at 6:50 PM. ... There are risks to the gasoline price forecast. Notably, the economy could grow at a more brisk pace than expected.
Natural gas prices in Europe reached their highest point in September 2022 at a multiple of roughly 25 compared to two years prior. While gas prices are currently falling quickly on the spot market, the cost to distribute gas in the coming year will still be close to €150 per MWh, or a multiple of about seven. [93] [95] [96]
Bad economic news from China led to a nearly 2 percent drop in oil prices August 16, though there was little change for the week after prices rose earlier due to fears of a worsening situation in the Middle East. [67] During the next week, Brent and WTI fell to their lowest levels since January after a pessimistic forecast for U.S. job growth.
Gas prices have continued to decline since mid-September. Drivers can now fill their tank for less than $3 per gallon in 11 states. ... November 13, 2023 at 12:18 PM. Gasoline prices are on a ...