Experts Predict Slightly Lower Average Gas Prices in 2024 Barring Major Disruptions
• Experts hope for more stability and lower gas prices in 2024 compared to 2023, starting the year around $3.20 per gallon.
• Gas prices should follow a normal seasonal cycle of bottoming out in winter when people drive less, then rising through spring and peaking in summer.
• Forecasters predict the 2024 gas price curve will be slightly below the 2023 curve, barring major disruptions.
• Mild winter weather could lead to cheaper gas prices in January 2024, while cold winter could mean lower starting point.
• Average 2023 gas prices predicted to be around $3.52/gallon; experts say 2024 averages should be slightly lower if conditions are stable.