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GasBuddy Predicting Lower Prices in 2024

By Tony Collins Dec 29, 2023 | 6:31 AM

(Undated) – The prices for a gallon of regular unleaded and a gallon of diesel are expected to be lower in 2024. GasBuddy has released its annual “Fuel Price Outlook.” The outlook is forecasting that, after two years of above-average gas prices, 2024 will bring relief at the pump. GasBuddy Head of Petroleum Analysis, Patrick De Haan, says the global refining picture continues to improve, providing more capacity and peace of mind that record-setting prices will stay away from the pump in 2024. The outlook forecasts the highest prices will be seen at the peak of the summer driving season in May, with the national average potentially rising as high as $3.89 per gallon. Diesel prices are also predicted to fall incrementally from 2023, peaking at $4.13 per gallon in March 2024.