Why Are Gas Prices So High May 2024. It has been selling on international markets for the equivalent of. Should global oil demand growth for 2024 come somewhere between the iea's forecast of less than 1 million bpd and opec's of just above 2 million bpd, there remains ample room for it to.
The national average price for a gallon of gas hit $3.60 over the weekend before inching down to $3.58, according to gasbuddy, which compiles data from over 150,000 gas. Why are gas prices so high, and when will gas prices go back down?