Tensions are running high in the Middle East, but GasBuddy is forecasting lower gas and diesel prices for 2024. In particular, they’re expecting the yearly national average price of a gallon of gasoline to drop from $3.51 to $3.38 next year.
The company expects Americans will spend a total of $446.9 billion on gasoline with the average household shelling out around $2,407. The latter figure would be a 2% drop from 2023.
GasBuddy suggests the national average price for a gallon of gasoline could drop below $3 this winter, before approaching $4 per gallon towards the start of summer. The highest prices are expected in May, when the national average could climb as high as $3.89 per gallon.
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