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2022 Citigroup News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CNN CNN Newsroom With Poppy Harlow and Jim Sciutto December 28, 2021 14:43:00

gallon in may, flirting with $4 a gallon late in the spring, early in the summer, before falling sharply later in the year. and as you mentioned, that would reverse some of the recent relief we have seen at the pump. the national average is at $3.28, that s still high, up by about a dollar from a year ago. but it is also down 14 cents from the recent peak. there is three big factors behind this call from gas buddy. one, really strong demand as the economy rapidly recovers from covid. two, supply that has continuously failed to keep up. and, three, various refinery shutdowns that have limited the supply and production of gasoline. now, there are other forecasts out there, calling for prices at the pump to cool off in 2022. citigroup is calling for a radical drop in prices. the energy department s research arm recently predicted the 2022

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