EIA expects gasoline and diesel prices to fall in 2022 and 2023 as demand growth slows

EIA expects gasoline and diesel prices to fall in 2022 and 2023 as demand growth slows
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14.01.2021

In our latest Short-Term Energy Outlook, we expect regular gasoline retail prices to average $3.06/gal in 2022, up from $3.00/gal in 2021, and then down to $2.80/gal in 2023. We expect on-highway diesel prices to increase to average $3.33/gal in 2022 before decreasing to $3.27/gal in 2023. In our forecast, annual average diesel demand reaches 2019 levels in the United States in 2022.

Full article at eia.gov

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