Will Gas Prices Go Down In 2024 In Usa

Will Gas Prices Go Down In 2024 In Usa. Gasoline prices are determined by crude oil prices, refinery production costs, distribution and marketing. Morgan estimated that a strike that shuts down east and gulf coast ports could cost the economy $3.8 billion to $4.5 billion per day, with some of that recovered.

Gasoline prices are expected to average around $3.40 a gallon in 2024 and $3.20 in 2025, compared with around $3.50 in 2023, according to the eia’s short. Gasoline prices are determined by crude oil prices, refinery production costs, distribution and marketing.