Gas stations are usually separate from the big oil conglomerates whose names they carry. Owners are often individuals with some control over what you pay at their pumps — but not much.
There are a lot of variables that make predicting energy demand in 2023 difficult, including rising interest rates, inflation and potential COVID flare-ups.
“Gasoline prices and diesel prices are going to be very high through the summer, potentially higher than they are today,” says Bloomberg’s Javier Blas.