According to USA Today:
Across the country, Americans may see lower gas prices at the pump in 2022.
On Tuesday, the U.S. Energy and Information Administration projected that retail gasoline prices would average $3.13 per gallon in December before falling to $3.01 per gallon in January.
The EIA expects prices to continue to drop, forecasting the annual, national average to be $2.88 per gallon in 2022.
To put the incoming estimates into perspective, according to the EIA:
November U.S. retail gasoline prices were the highest seen since September 2014.
At an average of $3.39 per gallon in November, prices at the pump increased by 10 cents per gallon since October and $1.29 per gallon since November 2020.
The annual average for 2020 was $2.18 per gallon, in comparison to $2.60 per gallon in 2019 and a projected average of $3.00 for 2021.
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