Despite the fact that the price of gasoline in the United States managed to close 2022 at levels similar to last year, on average it was 29.90% more expensive than in 2021.
Last year, a gallon of gasoline at service stations in the neighboring country to the north had an average price of $3,803 per gallon, a drop of 30.76% compared to the 2021 average ($2,908), according to data from the Administration of Energy Information (EIA) of the United States.
During the period that ended on Monday, January 2 (the last one with days in 2022), regular gasoline had an average price of $3,123 per gallon, with a reduction compared to the end of 2021 of 0.57 percent.
However, the decline at the end of last year came as the price of fuel plummeted in the second half of 2022 as crude oil prices also plummeted.
In June of last year, when a barrel of oil was trading above $120, gasoline at US service stations hit an all-time high of $4,844 a gallon.
“For most of last year, gains in energy were mainly associated with downside risks to supply, with Russia’s invasion of Ukraine and the energy crisis in Europe that started after the coronavirus pandemic and worsened. with the invasion of Ukraine”, stated Gabriela Siller, director of Analysis at Banco Base.
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