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1. • Increased inventories related to increased refinery capacity

     • In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity.
     www.eia.gov/todayinenergy/detail.php?id=61243

     EIA expects average U.S. gasoline and diesel prices to ...

2. People also ask

   Will gas prices drop 13 cents in 2024?

   • The company predicts a drop of 13 cents. Consumers can expect lower gasoline and diesel prices in 2024 for the second year in a row, according to GasBuddy, a PDI company, and its annual Fuel Price Outlook report. GasBuddy expects the yearly national average will drop from $3.51 per gallon this year to $3.38 in 2024.

   Gas Prices Expected to Decline In 2024, GasBuddy Predicts

   www.convenience.org/Media/Daily/2024/Jan/2/4-Gas-Prices-Expected-to-Decline-In-2024_Fuels

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   Will gas prices follow a normal seasonal cycle in 2024?

   • If gas prices follow the normal seasonal cycle in 2024, pump prices will follow a gently sloping arc from January through December. That is essentially what happened in 2023. Some forecasters expect a similar pattern in 2024 but with slightly lower prices. “I think it’ll be more of a normal year,” Kloza said. “Let’s hope so.

   Will 2024 be a 'normal' year for gas prices? And does that mean lower

   ca.finance.yahoo.com/news/2024-normal-gas-prices-does-102006299.html

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   Why did gas prices fall 4 per cent in January?

   • Gas prices fell four per cent year over year in January after driving headline inflation up to 3.4 per cent in December, due to what economists call a base-year effect (the impact of comparing prices in a given month to the same month a year earlier). Excluding gasoline, the consumer price index came in at 3.2 per cent.

   Canada's inflation rate slowed to 2.9% in January as gas prices fell

   www.cbc.ca/news/business/inflation-january-2024-1.7119796

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   How much will gas cost in 2023?

   • “We’re entering kind of a six- to eight-week period when we produce more gasoline than we use.” Kloza predicts that the average price for gas in 2023 will be “about $3.52 a gallon” by the time the ball drops in Times Square. He and other experts predict that average gas prices in 2024 will be slightly lower.

   Will 2024 be a 'normal' year for gas prices? And does that mean lower

   ca.finance.yahoo.com/news/2024-normal-gas-prices-does-102006299.html

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   How much does a gallon of gasoline cost in 2024?

   • Drivers in some West Coast cities could again briefly see prices above $6 per gallon, although most major U.S. cities will see prices peak near $4 per gallon in 2024. Memorial Day will be the priciest 2024 holiday at the pump, with the national average price of gasoline expected to be $3.56-$4.04 per gallon on the holiday.

   Gas Prices Expected to Decline In 2024, GasBuddy Predicts

   www.convenience.org/Media/Daily/2024/Jan/2/4-Gas-Prices-Expected-to-Decline-In-2024_Fuels

   See all results for this question

   Could 2021 be a 'normal' year for gas prices?

   • People who follow and forecast gas prices haven’t seen a truly “normal” year in a while. Next year could be that year. Pump prices fell dramatically in pandemic-plagued 2020, recovered in 2021 and spiked dramatically amid the Ukraine invasion and runaway inflation of 2022.

   Will 2024 be a 'normal' year for gas prices? And does that mean lower

   ca.finance.yahoo.com/news/2024-normal-gas-prices-does-102006299.html

   See all results for this question

3. www.cbc.ca › news › businessCanada's inflation rate slowed to 2.9% in January as gas ...

   www.cbc.ca › news › business

   • Cached

   Feb 20, 2024 · Gas prices fell four per cent year over year in January after driving headline inflation up to 3.4 per cent in December, due to what economists call a base-year effect (the impact of...

4. money.com › gas-prices-down-predictions-end-2024Why Gas Prices Are Falling, and Predictions for Rest of 2024 ...

   money.com › gas-prices-down-predictions-end-2024

   • Cached

   Aug 7, 2024 · Here's why gas prices are falling, plus predictions for the end of 2024. Crude oil prices are on the downswing, and that's making it cheaper to fuel up at gas stations. Average gas prices are down nearly 40 cents over the past 12 months.

5. Videos

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     0:35

     youtube.com

     Gas prices expected to continue rising ahead of 2024

     Dec 27, 2023

     311 Views

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     1:56

     independent.co.uk

     Gas prices are expected to fall in 2024

     Dec 28, 2023

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     0:36

     youtube.com

     Nationwide gas prices projected to decrease in 2024

     Dec 31, 2023

     174 Views

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6. newsroom.aaa.com › 2024 › 01Gas Prices End Up Close to Where They Started - AAA Newsroom

   newsroom.aaa.com › 2024 › 01

   • Cached

   Jan 25, 2024 · WASHINGTON, D.C. (January 25, 2024)—After making a brief weekend trip to $3.07, the national average for gas edged higher by one penny since last week to $3.10. The meandering journey is likely caused by low gas demand countered by slightly higher costs for oil. The result is a pump price stalemate.

7. www.reuters.com › markets › commoditiesEl Niño pushes real US gas prices to multi-decade low

   www.reuters.com › markets › commodities

   Feb 16, 2024 · The number of rigs drilling for gas averaged just 119 in January 2024, down from 162 in September 2022 - a delayed response to the fall in prices after they spiked following Russia’s...

8. ca.finance.yahoo.com › news › 2024-normal-gas-pricesWill 2024 be a 'normal' year for gas prices? And does that ...

   ca.finance.yahoo.com › news › 2024-normal-gas-prices

   Dec 22, 2023 · If gas prices follow the normal seasonal cycle in 2024, pump prices will follow a gently sloping arc from January through December. That is essentially what happened in 2023 . Some...

9. www.nationalobserver.com › 2024/01/09 › newsConsumer energy prices expected to fall this year as oil ...

   www.nationalobserver.com › 2024/01/09 › news

   • Cached

   Jan 9, 2024 · A new report by Deloitte Canada is forecasting WTI to average US$72 for the year ahead. That's more than seven per cent below 2023's average, and a whopping 29 per cent below 2022, when Russia's invasion of Ukraine caused oil prices to spike.

10. www.convenience.org › Media › DailyGas Prices Expected to Decline In 2024, GasBuddy Predicts

    www.convenience.org › Media › Daily

    • Cached

    Jan 2, 2024 · January 02, 2024. Consumers can expect lower gasoline and diesel prices in 2024 for the second year in a row, according to GasBuddy, a PDI company, and its annual Fuel Price Outlook report. GasBuddy expects the yearly national average will drop from $3.51 per gallon this year to $3.38 in 2024.