{"id":8136,"date":"2022-12-28T08:49:00","date_gmt":"2022-12-28T08:49:00","guid":{"rendered":"https:\/\/pditechnologies.com\/?p=8136"},"modified":"2023-02-27T20:29:31","modified_gmt":"2023-02-27T20:29:31","slug":"gas-prices-2023-to-fall","status":"publish","type":"post","link":"https:\/\/pditechnologies.com\/news\/gas-prices-2023-to-fall\/","title":{"rendered":"Gas Prices in 2023 to Fall Nearly 50 Cents Per Gallon; $4 Remains Possible"},"content":{"rendered":"\n<p><em>National average price of gas in 2023 projected to drop, though high levels of uncertainty remain<\/em><\/p>\n\n\n\n<p><strong>BOSTON, MASSACHUSETTS, December 28, 2022<\/strong> (<a href=\"https:\/\/www.prnewswire.com\/news-releases\/gas-prices-in-2023-to-fall-nearly-50-cents-per-gallon-4-remains-possible-301710375.html?tc=eml_cleartime\" target=\"_blank\" rel=\"noreferrer noopener\">PRNewswire<\/a>) \u2013 After a tumultuous year for gas prices, some relief may be on the way in 2023. The yearly national average price of gas in 2023 is forecast to drop nearly 50 cents per gallon from that of 2022 to $3.49, according to GasBuddy&#8217;s 2023 Fuel Outlook released today. Continuing improvement in refinery capacity will help alleviate gasoline and diesel prices, though high levels of uncertainty remain amidst Russia&#8217;s ongoing war on Ukraine and continuing economic concerns. A $4 national average remains possible ahead of and during the summer driving season.<\/p>\n\n\n\n<p><strong>Highlights from GasBuddy&#8217;s 2023 Fuel Outlook:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The national average price of gas could cool early in the year as demand remains seasonally weak, followed by a rise that starts in late winter, bringing prices to the&nbsp;$4&nbsp;per gallon range in time for summer. Barring unexpected challenges, prices in 2023 should return to normal seasonal fluctuations, rising in the spring, and dropping after Labor Day into the fall.<\/li>\n\n\n\n<li>Though most major U.S. cities will see prices top around&nbsp;$4&nbsp;per gallon, areas of&nbsp;California&nbsp;like&nbsp;San Francisco&nbsp;and&nbsp;Los Angeles&nbsp;could again experience near&nbsp;$7&nbsp;gas prices again in the summer of 2023 if refineries struggle under mandates of unique formulations of gasoline.<\/li>\n\n\n\n<li>Americans will spend an estimated&nbsp;$470.8 billion&nbsp;on gasoline in 2023, down&nbsp;$55 billion&nbsp;from 2022. The estimated yearly household spend on gasoline will also fall&nbsp;$277&nbsp;to&nbsp;$2,471.<\/li>\n<\/ul>\n\n\n\n<div class=\"mbm-spacer mbm-spacer__16 wp-block-mbm-responsive-spacer\"><\/div>\n\n\n\n<p>&#8220;2023 is not going to be a cakewalk for motorists. It could be expensive,&#8221; said&nbsp;Patrick De Haan, head of petroleum analysis at GasBuddy. &#8220;The national average could breach&nbsp;$4&nbsp;per gallon as early as May \u2013 and that&#8217;s something that could last through much of the summer driving season. Basically, curveballs are coming from every direction. Extreme amounts of volatility remain possible, but should become slightly more muted in the year ahead. I don&#8217;t think we&#8217;ve ever seen such an amount of volatility as we saw this year, and that will be a trend that likely continues to lead to wider uncertainty over fuel prices going into 2023.&#8221;<\/p>\n\n\n\n<p>The highest gasoline prices are forecast to be seen in June, with an estimated peak of up to&nbsp;$4.19&nbsp;per gallon on average. Diesel prices are forecast to average&nbsp;$4.12&nbsp;in 2023, beginning the year at their highest level and then rebounding as high as&nbsp;$4.30&nbsp;per gallon in June.<\/p>\n\n\n\n<p><a href=\"https:\/\/blog-content.gasbuddy.com\/uploads\/2022\/12\/2023FuelOutlookFinal.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download the full 2023 Fuel Outlook&nbsp;here<\/a>.<\/p>\n\n\n\n<p><strong>About GasBuddy<\/strong><\/p>\n\n\n\n<p>GasBuddy is the leading fuel savings platform providing North American drivers with the most ways to save money on gas. GasBuddy has delivered more than&nbsp;$3.5 billion&nbsp;in cumulative savings to its users through providing real-time gas price information at 150,000+ stations, offering cash back rewards on purchases with brand partners, and through the Pay with GasBuddy\u2122 payments card that offers cents-off per gallon at virtually all gas stations across the US. As one of the most highly-rated apps in the history of the App Store, GasBuddy has been downloaded over 100 million times. Acquired by&nbsp;PDI Technologies&nbsp;in 2021, GasBuddy&#8217;s publishing and software businesses enable the world&#8217;s leading fuel, convenience, QSR and CPG companies to shorten the distance between the fueling public and their brands. For more information, visit&nbsp;<a href=\"https:\/\/www.gasbuddy.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.gasbuddy.com<\/a>.<\/p>\n\n\n\n<p><strong>For more information, contact:<\/strong><\/p>\n\n\n\n<p>Patrick DeHaan, Head of Petroleum Analysis<br><a href=\"mailto:pdehaan@gasbuddy.com\">pdehaan@gasbuddy.com<\/a><br>773-644-1427<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a tumultuous year for gas prices, some relief may be on the way in 2023 according to GasBuddy&#8217;s 2023 Fuel Outlook.<\/p>\n","protected":false},"author":25,"featured_media":8162,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_eb_attr":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"pdi_resource_tier":[],"class_list":["post-8136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gas Prices in 2023 to Fall Nearly 50 Cents Per Gallon | PDI Technologies, Inc.<\/title>\n<meta name=\"description\" content=\"According to GasBuddy&#039;s 2023 Fuel Outlook, the yearly national average price of gas in 2023 is forecast to drop nearly 50 cents per gallon from that of 2022 though high levels of uncertainty remain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pditechnologies.com\/news\/gas-prices-2023-to-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gas Prices in 2023 to Fall Nearly 50 Cents Per Gallon; 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