Gas prices could get back up to $4 a gallon by May, projections show

The national average gas price is expected to fall over the coming months but could rise back up to $4 a gallon as early as May, according to estimates from GasBuddy, a company that tracks gas prices across the country.
 

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.

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