The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022.
(Frederic J. Brown | AFP | Getty Images)
Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Gas Prices to Remain High in 2023, Projected to Peak at $4.12 per Gallon in June
- The past year saw extremes in the U.S. prices of gas at the pump. Gas prices averaged $5.03 per gallon in June 2022, the highest ever, according to the U.S. Energy Information Administration.
- GasBuddy’s 2023 forecast says California may face gas prices near $7 a gallon in the summer but most cities will see prices peak at $4 a gallon. GasBuddy predicts the highest average price will be $4.12 per gallon in June.
- “Additionally, as the world continues to navigate Covid recovery, as well as the Russian invasion of Ukraine, a high level of uncertainty is again a factor in 2023, making an accurate forecast very challenging,” the forecast states.
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