Analyst: Gas prices expected to be lower in 2023

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Analyst: Gas prices expected to be lower in 2023
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You might pay less at the pump next year, but don't be surprised if the average price for gas skyrockets to $4 a gallon by summer.

U.S. drivers are expected to pay less at the pump next year, although the average price for gas could once again exceed $4 a gallon by summer, according toU.S. drivers are expected to pay less at the pump next year, although the average price for gas could once again exceed $4 a gallon by summer, according to GasBuddy’s 2023 Fuel Outlook, which was released Wednesday

Americans are expected to spend about $471 billion on gasoline next year, down $55 billion from 2022; the average household will spend $2,471, down $277 “2023 is not going to be a cakewalk for motorists,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement. “It could be expensive.

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