Despite gas prices falling to their lowest levels in weeks this month, Americans likely will face another spike at the pump toward the end of 2022, due to resiliently high demand, as global oil supplies continue to fall, warned Bank of America (BofA) economists.
U.S. gasoline prices have fallen to $3.90 a gallon in the past week, after skyrocketing earlier this year, according to the latest data from the American Automobile Association (AAA) on Aug. 22.
