"Forecast Optimism: Gas Prices Expected to Drop in 2024 Amid Rising Fuel Stocks"
U.S. drivers are likely to see a decrease in gasoline prices in 2024 due to increased global refining capacity and a surplus in domestic fuel stocks. Analysts predict a drop in the national average retail gasoline price, which could contribute to higher consumer confidence and spending, potentially helping to stave off a recession. Gasoline inventories in the U.S. have risen significantly, and with new refining capacity expected to come online globally, there is optimism that prices at the pump will remain lower than previous record highs.