June 21, 2024

Gas Price Predictions How Far Will Gas Prices Rise In 2022?

Gas price forecasts are on the minds of investors recently as fuel costs continue to rise over the summer.

Today it has been a major impact on consumers as the price of petrol jumps to more than $ 4 per liter in all provinces. This is starting to happen as petrol prices have continued to rise since the beginning of this year.

Now drivers are wondering how bad those prices would be. Unfortunately, it does not appear that the prices will improve with the recent speculation that fuel costs will rise sharply in the coming months.

Let’s get into all the latest gas price estimates you need to know below!

Professional Gas Price Predictions.

“Prices later this week may be closer to $ 5 per liter than $ 4, as demand continues to rise and your supply of both petrol and diesel continues to decline, temperatures and motorists are returning and we are approaching the Memorial Day weekend, the start of the summer driving season.” – Patrick De Haan, head of GasBuddy’s petroleum analysis, told USA Today.

“The futures market predicts that oil prices will fall by about 50 cents a liter at the end of the year. It is a perfectly reliable prediction, but it is not guaranteed in any way. ”- Severin Borenstein, an energy economist at UC Berkeley’s Haas School of Business, told SFGate.

It looks like petrol prices will continue to weigh heavily on consumers by 2022. Add in the cash flow and the interest rate rises, and it looks like this is going to be a tough year for the regular joe.

Investors who want more stock market news are in the right place!