Will Gas Prices Drop In 2024. Drivers in three states are already. Gas prices to average $3.38 per gallon in 2024, down from 2023's average of $3.51 per gallon.

Gas prices will fall in 2024 for the second year in a row, according to gasbuddy projections shared exclusively with cnn. On friday 23 august, ofgem will confirm the actual price cap on the unit costs of gas and electricity from 1 october to 31 december 2024.