Why Are Gas Prices So High Right Now 2024. According to the latest “tracking convenience report” from gasbuddy and pdi technologies, gas prices began to stabilize into more traditional and predictable patterns in 2023—and that trend has continued in 2024. These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
Here’s why gas prices are falling, plus predictions for the end of 2024. Average gas prices are down nearly 40 cents over the past 12 months.
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