A new GasBuddy forecast predicts the national average will rise to $3.41 a gallon in 2022, up from $3.02 a gallon this year.
Authorities in Texas said they were investigating a "major industrial accident" at the Exxon Mobil Baytown Area plant.
Of course, no one can say with certainty where gas prices will go next. COVID has made it very difficult to accurately forecast much about today's economy. Biden stepped into the fray in November by forming a coalition of energy consuming nations to intervene in the oil market. The White House announced the largest-ever release of barrels from the Strategic Petroleum Reserve and persuaded China, India, South Korea and other nations to join in.President Joe Biden on Tuesday ordered 50 million barrels of oil released from America's strategic reserve to help bring down energy costs.
"While current price levels aren't unprecedented," Simons told CNN in an email,"the President believes that they are too high especially given that we are emerging from a once-in-a-century pandemic."Biden's critics frequently point to his Day One decision to rescind the permit for the Keystone XL Pipeline.
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