Gas prices in the United States could rise as high as $4 per gallon in 2022.

Joe Mertens
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In 2022, the price of gas in the United States may be headed towards an ugly rise.

In an article, it was reported that analysts for Goldman Sachs, a financial services company, said that oil could jump to over $10 to $100 a barrel later in the year and into 2023.

The company based its statement on a large supply deficit despite spikes in COVID-19 cases.

Another factor on gas prices is the situation with Russia and Ukraine right now. With the possibility of Russia invading Ukraine, it could lead to sanctions from the US.

Russia is one of the world's top oil producers, so this would have a major effect on the price of gas.

Faith Birol, an International Energy Agency Executive Director, blamed Russia recently for the skyrocketing prices in Europe.

Patrick De Haan, a lead petroleum analyst for GasBuddy says that most Americans won't have to worry about a rise in gas just yet.

De Haan does say that prices typically jump up in March, April, and May. According to the American Automobile Association (AAA), the national average for regular gas sits at $3.32, which is more than $1 from last January.

"We could see the national average climbing close to $4 per gallon by the time we get out to celebrate Memorial Day," De Haan told CNN.

De Haan does believe that we'll see the price of gas come back down to numbers that we're used to seeing, but it may take the rest of the year.

De Haan says that it will take time for the pandemic-suppressed oil supply to catch up with demand. When that happens, prices should go down.

So, what do you think about the possibility of gas prices rising to $4 per gallon in 2022? Do you think it will happen? Could it be prevented? Comment below and let me know!

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