- Gas prices could surge toward $7 a gallon in some US states in 2023, according to GasBuddy.
- Cold snaps across the US and revived energy demand from China are the two key factors that could push up prices.
- “2023 is not going to be a cakewalk for motorists. It could be expensive,” said Patrick De Haan in a blogpost.
Brace for a spike in US gas prices next year due to refinery disruptions and amid renewed energy demand from China as the Asian nation reopens its economy, according to GasBuddy.
“2023 is not going to be a cakewalk for motorists. It could be expensive,” said Patrick De Haan, head of petroleum analysis at the firm, which tracks fuel costs, in its 2023 fuel outlook.
The national average price of gas at the pump could top around $4 a gallon in most major US cities as early as May next year, De Haan said, from $3.18 on Friday. Cities in the West Coast state of California, such as San Francisco and Los Angeles, could see gas prices approach nearly $7 a gallon in the summer of 2023, according to GasBuddy.
…click on the above link to read the rest…