Things were going pretty well over the last few months. Gasoline prices were falling bit by bit, used car prices were getting back to sane levels and life in general seemed to be easing back to normal after a roller coaster 2020 and 2021.
Now, forecasters are saying that fuel prices will probably rise again as we get closer to summer. GasBuddy, on online price monitoring company says that even though gas prices have fallen recently, there still stands a chance that it could jump right back up to $4.50 a gallon again as we approach the summer driving season. The driving season is defined as starting in May. The forecast, however, is not all doom and gloom. An improverment in American oil capacity and refinement has allowed prices to steadily fall recently. Unfortunately, the war in Ukraine has cast doubt on a steady supply of oil. But as of today, the forecast is for a slight decrease in oil prices over the next month or two, then a alow steady rise as we get closer to summer. The prices are expected to level off as autumn of 2023 arrives and demand decreases. Of course all of the predictions go out the window if an unforeseen circumstance occurs, such as a hurricane or a refinery issue.
The highest prices of the year will probably occur in June, when Floridians could see $4.19 a gallon. Diesel is also forecast to rise, affecting truckers to a great degree, as the increased fuel cost directly cuts into their profits. Diesel fuel prices are expcted to rise to about $4.30 per gallon over the summer. As of today, the average price per gallon across the U.S. is $3.21 a gallon and diesel costs about $4.67 a gallon. Source: WFLA.com
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