Few things are more traditionally American than packing the car and taking a road trip – that’s still true today, as more than 75% of Americans say they’ll take a road trip this summer, often planning months in advance. But one thing they can’t plan ahead of time how much fuel will cost.
Gas prices, like all volatile fossil fuels that are traded on a global market, remain highly unpredictable. And those volatile gas prices can cause pain at the pump: In 2022 the average summer (June-August) gas price was $4.60/gallon, in 2023 it was $3.78/gallon, and so far in 2024 gas prices are already up 12% from their January low of $3.20/gallon.
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