The national average for gas prices is expected to drop down to $3.49 a gallon in 2023, roughly 50 cents lower than the average in 2022, according to a study from GasBuddy shared with CNN. The daily average price of gas has continued to drop since early October 2022, falling to roughly $3.10 a gallon on Tuesday.
That’s a significant drop from the year’s peak daily average of $5.02 per gallon recorded in June, which signaled an economic recession and worsened inflation.