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Frequently Asked Questions

When will gas prices go down?

Gas prices projected to go down starting in 2022 December 9, 2021, 9:21 PM People filling their gas tank has been tough on their bank accounts lately. The federal government said help is on the way, projecting people will spend less at the gas station in 2022.

Will gas prices go down?

TOPEKA (KSNT)— Gas prices are going down, but some people who drive a lot for their jobs are still frustrated that they aren’t seeing much improvement at the pump. According to AAA, the national average for regular grade gas is $3.36, which is around 5 cents less than what it was a month ago at $3.14.

What is oil price forecast?

The EIA forecast that Brent crude oil prices will average $68/b in the third quarter of 2021 and $60/b in 2022. Prices are increasing due to higher demand as more people are vaccinated against COVID-19. OPEC is beginning to increase production after limiting it due to decreased demand for oil during the pandemic.

What is futures oil?

Crude oil futures are futures contracts in which buyers and sellers of oil coordinate and agree to deliver specific amounts of physical crude oil on a given date in the future.


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