Gas Prices In 2022 Were The Highest On Record. Here’s Where They Could Be Heading Next Year. | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    In 2022, national average gas prices in the United States reached their highest point since GasBuddy began keeping track, and they could remain elevated relative to earlier levels next year.

    The fuel analytics company marked average prices at $3.96 per gallon for 2022, far surpassing the $3.02 per gallon average charted in 2021 and the $2.17 per gallon average charted in 2020. Even though GasBuddy forecasts that prices will drop to a national average of $3.49 per gallon in 2023 after approaching $4.00 per gallon by summertime, the reading would still rank among the highest years for prices at the pump in more than a decade.

    Gas prices, which had already risen precipitously since the beginning of 2021, saw another increase following the Russian invasion of Ukraine in February, eventually surpassing $5.00 per gallon in June before declining through the remainder of the year. The national average price for gasoline is currently $3.20 per gallon, according to data from AAA.

    A national fuel price outlook published by GasBuddy this week indicates that prices will rise from $2.99 per gallon in February to reach $3.99 per gallon by June before decreasing once more to $3.17 per gallon in December. Households spent an average of $2,748 on gasoline throughout 2022, a measurement that GasBuddy expects will fall to $2,471 in 2023.

    Despite the nationwide trend toward historically elevated gas prices in recent years, the amount that Americans must spend on fuel varies considerably across the country. Residents of California are currently paying an average of $4.40 per gallon, according to data from AAA, while residents of Alabama and South Carolina are paying $2.93 per gallon.

    Democratic lawmakers have generally blamed the Russian invasion of Ukraine and price gouging from oil companies for the higher costs. Governor Gavin Newsom (D-CA) recently attempted to pass a "price gouging penalty" that would have compelled oil companies to reduce their profits to avoid a civil penalty from the California Energy Commission. House Speaker Nancy Pelosi (D-CA) voiced support earlier this year for legislation that would allow President Joe Biden to declare an "energy emergency," granting him the ability to regulate prices by preventing fuel companies from selling at rates deemed to be "unconscionably excessive."

    White House officials have contended that recent decreases in gas prices from their record highs over the summer are attributable to policies advanced by the commander-in-chief. "Every month, the typical two-driver family saves about $120 at the pump compared to where we were in mid-June," White House Press Secretary Karine Jean-Pierre said in October. "Every day, Americans save about $420 million at the pump compared to mid-June."

    Fuel price trends have contributed to the overall inflationary pressures which have throttled the economy. A survey conducted by Gallup in November found that 55% of Americans believe rising price levels have produced hardships for their households, marking a slight increase from the end of last year, even as a steady 13% believe elevated prices are causing severe hardships for their families. "As would be expected, inflation has taken a greater toll on lower-income Americans," Gallup said, noting that more than 75% of such people "say they have experienced hardship because of rising prices."

poll#162
In what may be the most divisive period in modern American History, even more divisive than the turbulent sixties due to today's lack of patriotism, consider what are the major catalysts causing so much of this calamity of conflict, and vote: What most instigates the division of America, on this day September 20, 2022?
  Racism within our society
  Sex realignment to the detriment of our society.
  Biden /Harris Wide Open Southern Border Policy for the Demographic Upheaval of OUR Constitutional Republic
  Rampant Crime in Democratic controlled cities, and the possible contagion elsewhere
  Covid Pandemic, and its mishandling at the political, and bureaucratic levels.
  The unresolved questions /allegation regarding the flawed 2020 General Election
  January 6th Riot or "Armed Insurrection", depending upon patriotic perspective
  Joe Biden as Divisive Leader; Ineffective and Corrupt Executive
  Failed Education Industry, from an overall perspective, regarding all levels of education.
  Propagandistic Media in complete conflict with the First Amendment's guarantee of Freedom of Speech, and the awesome responsibility of a Free Press..
  "Orangeman Bad!"
  Bureaucracy rushing to a behemoth size, its unjustified expense, and far too often overreach.
  The Weaponized Deep State for political purposes
  A secular ambivalence to all that is real.
  Record number of overdose deaths from opioids and now Fentanyl
  Biden Administration's disastrous Foreign Policy
  Bidenflation /supply chain failure inevitably evolving into stagflation and recession.
  "Ultra MAGA Extremists" freely speaking louder AND LOUDER!
778 total vote(s)     What's your Opinion?


poll#145
After one full year of the Biden /Harris Administration: Does Joe Biden have the intellectual capacity, and, or the energy to lead the United States of America through the mess that he predominately created ... in just one year?
  Yes
  No
  Unsure
941 total vote(s)     What's your Opinion?


poll#161
Considering what is being reported as the most divisive presidential speech - September 1, 2022 - in modern American history, where over 74,000,000 people, many of whom are OUR greatest patriots, were named as fascists by inference or otherwise: Is Joe Biden clearly capable of governing all of the American People to the betterment of this Representative Republic?
  Yes, it is important that Haters are named.
  No, Joe Biden cannot accept criticism when the real truth is his cruelest taskmaster.
  I have no idea what is going on because I only consume Democratic Socialist Media.
597 total vote(s)     What's your Opinion?

Go Back

HbAD0

Latest Op-Ed & Politics

House Speaker Kevin McCarthy announced he was demoting Reps. Eric Swalwell and Adam Schiff from the powerful House Intelligence Committee to join Alexandria Ocasio-Cortez on the lesser-known House Party Planning Committee.
Fox News White House Correspondent Peter Doocy got a surprised laugh out of Press Secretary Karine Jean-Pierre during Monday’s briefing, catching her off-guard with an outside-the-box question.
Fraudsters may have stolen as much as $60 billion from the various unemployment insurance programs enacted by lockdown-era stimulus bills, according to a report from the Government Accountability Office.
After years of taxing California citizens to capacity and still not having enough in the state budget, Governor Gavin Newsom has proposed a brand new tax on people who live in Florida.
A former top FBI agent who was involved in the Trump-Russia probe was arrested over the weekend for alleged activities with a Russian oligarch.
The 2023 Oscar nominations have been released with the film “Everything Everywhere All at Once” leading its competitors. The 2023 Oscars will be held Sunday, March 12, with Jimmy Kimmel as the host.
Move aside, purple horseshoes! General Mills announced today an exciting new addition to their Lucky Charms marshmallow lineup: Ukraine Flag charms, available for a limited time only.
does not reduce inflation, but does reduce your family budget

HbAD1

 
Back to Top