Gasoline prices predicted to fall in 2013

[Omaha Steve]

Source: AP-Excite

By JONATHAN FAHEY

NEW YORK (AP) - At least gasoline should cost you less in 2013.

Hamburger, health care and taxes are all set to take a bigger bite out of the family budget this year. But drivers' annual gas bills are expected to drop for the first time in four years.

Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices. The lows will be lower and the highs won't be so high compared with a year ago. The average price of a gallon of gasoline will fall 5 percent to $3.44, according to the Energy Department.

"Everything is lining up to lead to softer prices this year," said Tom Kloza, chief oil analyst at the Oil Price Information Service.

FULL story at link.


Read more: http://apnews.excite.com/article/20130110/DA3NIEVG0.html

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In this Friday, Oct. 5, 2012, file photo, Luis Cuevas changes the gas prices at the Shell station off California State Route 99. Forecasters say that ample oil supplies and weak U.S. gasoline demand will keep a lid on prices in 2103. The lows will be lower, the highs won’t be so high, and the average price of a gallon of gasoline will fall 5 percent to $3.44, according to the Energy Department. (AP Photo/Gary Kazanjian, File)

[Drunken Irishman]

1. Where's Newt Gingrich?

[Kolesar]

2. "More money in our pockets" to make up for higher taxes this year

The boy needs a real stepladder. He's going to fall.

[Diyames]

3. What the hell happened...

And Why does no one talk about it???

Throughout the '90s and into 2001 I worked delivery jobs. Most of the time, gas cost about 96 cents per gallon. It spiked to $1.25 at some point near the end of the Clinton years and everyone was pissed. then it dropped to a low of .90 or so and we were loving it. After the Oil people took the white house and 9/11 happened those oil people couldn't prevent the price from rising to at least $3 pr gallon. Maybe that's what they wanted. Nobody talks about the Clinton prices, now they blame Obama. WTF?!

[bulloney]

4. That means we better tighten up our budgets.

For the past several months, I've been hearing how gasoline prices will decline because of the supply-demand situation. Without fail, the price at the pump will go up 30-40 cents within 24 hours. Same thing happened this week. Just when the price gets a little under $3/gallon, there's a 40 cent hike within a day.

[Javaman]

5. You mean after they have gone up 30 cents in the past 2 weeks? nt

[Michigan-Arizona]

6. Same thing here in the Tucson area-- a good 30 cent increase in the last 2 weeks n/t

[ileus]

7. Fineally some good news.

[thelordofhell]

8. Get ready for unprecedented oil refinery breakdowns this year.............

Since the oil companies haven't made any significant improvements to their systems for years.......just pocket the money and blame disasters on flukes.....nobody's ever gonna hold them accountable anyways......