By Talia Kaplan FOXBusiness 12/30/2021
Patrick De Haan forecasts the highest gas prices ‘will be in the first half of the year’Patrick De Haan, head of petroleum analysis at GasBuddy, warned on Thursday that gas prices in 2022 will be "front and loaded," noting that the highest gas prices "will be in the first half of the year."
Fuel projections from GasBuddy indicate that $4 per gallon as a national average is a real possibility for 2022.
De Haan told "Varney & Co." on Thursday that California could experience a state average price of more than $5 for gas.
The fuel savings platform predicts that a national average of $4 per gallon is possible by the spring on account of pandemic recovery and rising demand before relief or additional oil supply arrives later in 2022.
De Haan said that he believes that prices will get lower as the year ends, but warned that, still, at the end of 2022 prices "may not get under that $3 mark."
On Thursday, the national average for gas was $3.29, which is 11 cents lower than the month before and $1.03 more than the same time last year, according to AAA.
More:
https://www.foxbusiness.com/energy/gas-prices-in-2022-will-be-front-and-loaded-gasbuddy-analyst
