Will Gas Prices Fall In 2024. During the first quarter of 2024, gas prices dropped to levels last seen before the global energy crisis, however prices have increased across all key markets in recent months, reflecting. $74.25 per barrel, down $3.21, or 4.14%.

Gasbuddy, which had a forecast for 2023 that proved to be eerily accurate, expects us gas prices will average $3.38 a gallon in the key election year of 2024. Gas prices have plummeted about 13% from a 2024 peak in april, which amounts to a decline of nearly 50 cents per gallon, according to aaa data shared with abc news.