2024 U.S. Fuel Price Outlook Analysis

This document is a technical report that presents the 2024 Fuel Price Outlook for the U.S., focusing on gasoline prices. It outlines the challenges in accurately forecasting fuel prices due to various global events and economic factors, such as the ongoing impacts of the Russian invasion of Ukraine and the volatility in the Middle East. The report emphasizes the complexity of fuel markets and the importance of understanding how current events may influence future gasoline prices. It provides a detailed analysis of predicted monthly average gasoline prices, highlighting the expected range for each month and the factors that could affect these prices. Additionally, the report discusses the historical accuracy of GasBuddy's forecasts, noting a low margin of error in previous years. It also addresses the impact of seasonal changes and federal regulations on gasoline pricing, explaining how these factors contribute to price volatility throughout the year.