Here’s When Gas Prices Could Return To $4 Per Gallon, According To New Projection

Gas prices could near or surpass $4.00 per gallon as soon as next May, according to data from GasBuddy shared with CNN.

The national average price for gasoline is currently $3.10 per gallon, according to data from AAA. Prices surpassed $5.00 per gallon in June; although costs are not projected to reach such levels, they could see a significant increase in the coming months.

“2023 is not going to be a cakewalk for motorists. It could be expensive,” GasBuddy Head of Petroleum Analysis Patrick De Haan told CNN. “The national average could breach $4.00 a gallon as early as May, and that’s something that could last through much of the summer driving season.”

Gas prices, which had already risen precipitously since the beginning of 2021, saw another increase following the Russian invasion of Ukraine in February.