Exclusive: $4 gas could return as soon as May, GasBuddy projects | CNN Business

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Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back above the $4-a-gallon threshold as soon as May, according to GasBuddy projections shared exclusively with CNN.

The good news is that GasBuddy, an app that tracks fuel prices, doesn’t expect a repeat of this year’s wild swings that at one point sent gas prices above $5 a gallon for the first time ever. That spike set off recession alarm bells, worsened inflation and crushed consumer confidence. The national average for regular gas, a metric closely watched by Wall Street, Main Street and even the White House, is expected to drop to $3.

Beyond the war, energy markets were rocked by a range of major forces, including China’s Covid-19 lockdowns, recession fears, super-sized interest rate hikes from the Federal Reserve and the White House’s unprecedented use of the Strategic Petroleum Reserve. “Basically, curveballs coming from every direction,” De Haan said, describing the ups swings in energy markets. “Extreme amounts of volatility. I don’t think we’ve ever seen such an amount of volatility as we saw this year.

 

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But the funny thing was when President Biden came into office gas prices were low but his policies screwed everything up. Wish the hell we had the honest media again but we don't we have things like CNN what are no longer trusted

Best to drive electric and save tons of $ like me.

Gone up .19 since yesterday.

It will get better when a conservative is elected.

Hopefully the price decreases as we move to electric

Hear come all the “thanks Joe” tweets

😂

I’m tired of gas price going up and down. Just that I can’t effort an EV I would have switch ever since.

Gas went up $0.20 here overnight...

CNN owned by China 🇨🇳

This tweet makes no sense at all.

Biden's corrupt, failed economy How many people did CNN lay off this week?

Why the Biden administration stopped the pipeline? Why Biden allowing us to become dependent on foreign oil? Why Biden shut down fracking and drilling within the US? Prices are still higher when he took office. Don’t blame it on Russia either..

So your buddy said something and you thought it was newsworthy? 7,000 employees and this is the best you could find? No wonder Joe Rogan has 10 times your viewers -- by himself.

When people start traveling again, gas prices probably will jump.

The first and second sentence contradict each other. This is some new level of Newspeak Dictionary BS

Normal.

“Gas will probably be significantly cheaper next year” “Also the national average will go back up higher than it is currently, probably by May. Which means our first statement is a lie”

🧵1/2 The bad news is GasBuddy expects the national average to climb from $3.10 a gallon today to a range of $3.52 to $4.05 in May as Americans hit the roads.Prices for the next 12 months will be driven by developments in the war, the Federal Reserves fight against inflation,

That’s not my buddy lol

All because the Biden Syndicate is robbing America workers daily. These dirtbags need to be thrown out of office.

Maybe I'm as dumb as you are, but saying 'gas prices will be significantly cheaper overall next year' immediately followed by a graphic showing the 2023 estimate higher than the 2022 estimate is contradictory.

More Biden failure

Huh? This is just media manipulation

Three years later and biden still can't fix gas prices.

Have you checked gas prices in California, ? You should ask your best buddy GavinNewsom!

Last Christmas, milk was $5. This Christmas, 🥛is $8. Biden is a disaster. Wake up people.

Guess they’re not factoring in the cost of replenishing the oil reserves that Biden drained.

Better re-elect Biden for more pain.

What aren't you talking Bout the nasty old pervs that we're rioting and paying the govt to not be in trouble. While their terrorizing their local community and abusing the children

2.79 in Ohio today. Now can we stop paying 6.00 for a dozen eggs.

GasBuddyGuy I assume we start blaming Putin again? Mayday Mayday

Doing a major story and the gas buddy dude said it could go either way. Y’all thrive on negativity even when it’s months away NO ONE KNOWS. Remember the retired generals expertise on Ukraine? Every. Single. One. Was. Completely. Wrong.

NFL was warned multiple times about allowing the Titans Game to go on, knowing it would negatively effect the Electrical Grid INSTANTLY! SO WHY DID IT HAPPEN?! Y did ppl have to SUFFER EVEN WORSE? Why did the NFL put lives at risk so they could play 1 game? WE NEED ANSWERS

I bet most of you wish you had an electric car or truck by now.

MohammadMoradi, student of history in Lyon, France, drowned himself in the river today so that the world could hear the voice of misery, suffering and so many rapes, assaults, tortures and murders in Iran. FRANCE24 UN UNHumanRights SecBlinken ABaerbock MinColonna svt

If that happens it will be the fault of Putin, greedy gas corporations pr Trump because we all know when something negative happens it’s NEVER BIDEN’S fault!! 🤡🤡🤡🤡

Our gas is 2.75 but diesel is still 5 bucks 🙄

🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦

$4 a gallon is not significantly cheaper lol

Jesus is coming back soon, Matthew 3:2 [2]'Repent, for the kingdom of heaven is at hand.'

Cheaper than when? The peak this year? Cause it’s nowhere near where it was when Biden took office and started his crack down on fossil fuels and this “green energy” debacle

MohamadBroghani has met his mother today and this adds to the concerns over the danger of his imminent execution. Mohamad's death sentence has been confirmed in the “Supreme Court.” Mohamad is only 19 years old and his precious life is in danger. StopExecutionInIran

Probably? Thanks for that.

Joe Biden’s America lmao 🤮

GAS STILL higher than TRUMP so spare us the BS

For the LOVE of donlemon and andersoncooper, PLEASE look into FINRAFraud and MMTLP in regards to shorts not covering. This is about to be the biggest story of 2023. FBI IRS Congress Senate Fraud Corruption Ameritrade Fidelity Etrade CharlesSchwab

So it’s still more expensive. What a reach to try and incorporate “cheaper” into this spin 🤦‍♂️

Let's bring Trump back. 🇺🇸

It’s 2.65 where I’m at lol

take a look

I’m paying off the debts of first 5 people to inbox me'merry Christmas'🇺🇸🇨🇦🎉

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