# Seasonal Trends Aren’t Shaving Off Energy Prices Like Before. Predictions Indicate Gas Demand Will Continue to Uptick

Published 2023-07-24 · Updated 2026-03-19 · Energy on MarketScale
Canonical: https://www.marketscale.com/industries/energy/seasonal-trends-arent-shaving-energy-prices-predictions-indicate-gas-demand-uptick

> As we cross the halfway mark of 2023, stakeholders in the energy sector are grappling with the changing landscapes of oil, gas, and renewable resources. A volatile year of varying energy prices has underlined the critical need for analysis and prediction. With a stark 41 percent decrease in the price of natural gas and…

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As we cross the halfway mark of 2023, stakeholders in the energy sector are grappling with the [changing landscapes of oil, gas,](https://marketscale.com/industries/energy/2022-gas-costs-more-than-doubled-the-average-cost-in-2020-prices-have-dropped-but-are-still-high-in-2023why/) and renewable resources. A volatile year of varying energy prices has underlined the critical need for analysis and prediction. With a stark [41 percent decrease](https://www.eia.gov/todayinenergy/detail.php?id=55539#:~:text=The%20natural%20gas%20price%20at,on%20data%20from%20Refinitiv%20Eikon.) in the price of natural gas and a [6 percent increase](https://www.bts.gov/data-spotlight/year-over-year-declines-motor-gasoline-prices-dampen-inflation-despite-motor) in retail gasoline prices since the start of the year, the stakes for accurate forecasting are as high as ever.

The burning question for industry stakeholders, policymakers, and consumers alike is: What can we expect from energy prices in the second half of 2023? And how will geopolitical and economic variables shape these expectations?

In a new episode of “[Gasonomics](https://marketscale.com/shows/gasonomics/),” host Tim Snyder, Chief Economist at Matador Economics and host of the show, explored a detailed analysis of the current state of energy prices and provided a forecast and [his predictions](https://www.investopedia.com/second-half-2023-energy-outlook-7554875) for the latter half of the year.

Several of Snyder’s talking points included:

- A comprehensive analysis of how energy prices have evolved in the first half of 2023, from crude oil to diesel fuel.
- A discussion on how certain global events, such as Russia’s pledge to cut its oil production and increased Chinese demand for oil, are impacting the energy markets.
- His predictions for the energy prices for the second half of the year, taking into account possible geopolitical and economic influences.

[Tim Snyder](https://www.linkedin.com/in/timothy-s-snyder-6037955a?challengeId=AQFI5WdsQUGtIwAAAYmJEYG6qmdXfnYdWX_HzbFXvfvwly16Ld85Bfvmxf6NGx_ftY8uqWXP9iwv6Fp1wXS9hV-CmeLjtSuGqw&submissionId=0c09b44f-bfdf-7417-c092-d45099455e30&challengeSource=AgGoYFExPBjSCwAAAYmJEa_5XeWr8QRluS_NeA1e3dMTC6t-E5QpD0pwx27BdqA&challegeType=AgEm54rXbamSbQAAAYmJEa_8Sc8PqFmJPfTGtTE9QXlKdOeyXk2AGuc&memberId=AgFKH1PCLm6uawAAAYmJEa__wXbXMNW7uc12gBatHDX_mmw&recognizeDevice=AgHPzwF2nvWJBwAAAYmJEbAD2igwQgNZlpjgcDMFVipW2hwO-9K6) is a renowned figure in the world of economics and energy. As Chief Economist with [Matador Economics](https://matadoreconomics.com/) and Principal and Economist with Exec HQ, he brings a wealth of knowledge to the table. His expertise in energy economics and his ability to interpret complex market dynamics make him a leading voice in the sector.

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