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EIA: Retail Gasoline Prices to Slip in 2013

OilPrice.com -- U.S. retail gasoline prices should drop below the July average by 2013 amid depressed consumer demand and continuing declines in crude oil prices. U.S. lawmakers were in panic mode when the average price of gasoline hovered at around $4 per gallon in April. While relatively low compared with European markets, U.S. consumer sentiment historically turns negative when retail gasoline prices pass the $4 per gallon threshold. By next year, however, it's likely the prices at the pump will be below the current average of $3.41 per gallon, the U.S. Energy Department said.

In early January, some analysts had predicted retail gasoline prices would hit the $5 per gallon mark in the United States. Prices continued a steady climb toward $4 per gallon by April,...


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Submitted Jul 13, 2012 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: EIA: Retail Gasoline Prices to Slip in 2013 Back to Topics
REPLIES (newest first) Post a Reply
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heydano67
Champion Author California

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Message Posted: Jul 15, 2012 1:45:49 AM

only time will tell
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kst8er
Champion Author St. Louis

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Message Posted: Jul 14, 2012 8:11:53 PM

Speculation creeping back into the scheme
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sparky808
Champion Author Honolulu

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Message Posted: Jul 14, 2012 7:14:23 PM

Thank you for posting.
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remay
Champion Author Houston

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Message Posted: Jul 14, 2012 10:28:28 AM

I won't hold my breath.
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DanMtz
Champion Author Oakland

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Message Posted: Jul 14, 2012 9:56:05 AM

...along with the economy?
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LanguageMan1
Champion Author Tampa

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Message Posted: Jul 14, 2012 3:12:58 AM

Once again, if prices are lower, they won't be lower forever. Any decline won't last long and it'll be up again as it's up again from recent lows.
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Blismo
Champion Author Arizona

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Message Posted: Jul 14, 2012 1:12:58 AM

ok
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n3tbc
Veteran Author Wilmington

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Message Posted: Jul 14, 2012 12:05:03 AM

Going Down...
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ty58
Veteran Author Akron

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Message Posted: Jul 13, 2012 11:05:33 PM

let wait and see if the best is yet to come
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rawdog1313
Champion Author Lexington

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Message Posted: Jul 13, 2012 11:05:07 PM

Regulate Oil Speculation!
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monarch57
Champion Author British Columbia

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Message Posted: Jul 13, 2012 11:02:55 PM

That is great news, maybe we will get the ecomony back on track.
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sydb7
Champion Author Atlanta

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Message Posted: Jul 13, 2012 11:00:28 PM

prices going up
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30mpg80
Champion Author Lexington

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Message Posted: Jul 13, 2012 10:59:52 PM

Order another case of bannana peels to help
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radiorumor
Champion Author Texas

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Message Posted: Jul 13, 2012 10:56:16 PM

Tell the West Coast
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beachmanglen
Champion Author Tampa

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Message Posted: Jul 13, 2012 10:56:16 PM

The demand from China will determine the demand. If their economy heats up, prices will rise.
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36IHBinder
Champion Author Illinois

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Message Posted: Jul 13, 2012 10:55:45 PM

It is a double edge sword
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bvrbill
Champion Author Eugene

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Message Posted: Jul 13, 2012 10:55:06 PM

I hope price decline. I'll believe it when I see it.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Jul 13, 2012 10:54:13 PM

Time will tell....
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rcohan2
Champion Author South Carolina

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Message Posted: Jul 13, 2012 10:54:00 PM

yep
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Beaveronparade
Champion Author Hartford

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Message Posted: Jul 13, 2012 10:53:18 PM

That sure is an awful long time to wait for the gas prices to fall.
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Focus2
Champion Author Illinois

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Message Posted: Jul 13, 2012 10:49:39 PM

While relatively low compared with European markets,"

How do they know? The oil companies get more than they should for it and is about the same around the world except for countries that subsidize for their people. The others just pay more taxes to support government programs. We don't have cheaper gas, just less taxes!
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boatmen
Champion Author New York

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Message Posted: Jul 13, 2012 10:48:27 PM

would be nice greed will prevent it
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DEG
Champion Author Las Vegas

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Message Posted: Jul 13, 2012 10:48:13 PM

If Obama is re-elected I would expect that gas prices next year will be north of $4.50/gallon.
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menagerie1013
Champion Author San Diego

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Message Posted: Jul 13, 2012 10:48:08 PM

These bozos can't predict what pump prices are going to be next week. Do they think we believe they can predict for next year?
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badspots
Champion Author Houston

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Message Posted: Jul 13, 2012 10:45:34 PM

We can hope.
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zachlCA
Champion Author California

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Message Posted: Jul 13, 2012 10:43:53 PM

We shall see, but I am not holding my breath.
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abcdMA
Champion Author Worcester

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Message Posted: Jul 13, 2012 10:43:21 PM

"depressed consumer demand" as in RECESSION
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mrbee
Champion Author Little Rock

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Message Posted: Jul 13, 2012 10:43:20 PM

They are guessing.
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rf6480
Champion Author Miami

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Message Posted: Jul 13, 2012 10:40:45 PM

eupopean market pays more taxes but without all the regulations we deal with they get the nice cars with great mpg average
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pgerassi
Champion Author Milwaukee

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Message Posted: Jul 13, 2012 10:34:04 PM

Ban CIFs and watch the prices crash through the floor.
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C.Carpets
Champion Author Oakland

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Message Posted: Jul 13, 2012 10:32:59 PM

I agree with most of what JLSindy says. :-p
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STLcardsfan
Champion Author St. Louis

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Message Posted: Jul 13, 2012 10:31:00 PM

It's going down, it's going up, it's going down, it's going up
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GoneUpAgain
Champion Author Atlanta

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Message Posted: Jul 13, 2012 10:29:39 PM

Rega, if you believe that then you will be sorely disappointed come November. Plenty of STUPID people exist that will vote for the idiot. I hope I'm wrong, but I doubt it. This country voted for Bush twice, well really once, so it will do the same for the current WH resident.
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JLSindy
Champion Author Cleveland

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Message Posted: Jul 13, 2012 10:27:29 PM

I agree with much of what everyone says.
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regasaz
Champion Author Phoenix

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Message Posted: Jul 13, 2012 10:24:24 PM

Another positive sign that Obama is on his way OUT?
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txkrb
Champion Author Texas

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Message Posted: Jul 13, 2012 10:23:06 PM

We are in trouble as far as gas prices for next year,since they are predicting lower prices
They predicted prices as high as $5 a gallon this summer
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032946
Champion Author Twin Cities

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Message Posted: Jul 13, 2012 10:17:16 PM

Analysts, the Media and "So CAlled" Esperts along with the speculators are the ones keeping the price at the pump high. Supply and demand, have noting to do with the price at the pump any more.
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arinkrat17
Champion Author Twin Cities

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Message Posted: Jul 13, 2012 10:17:12 PM

wait n see
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OWENALOTT
Champion Author Appleton

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Message Posted: Jul 13, 2012 10:09:48 PM

The Media also said, "The world was going to end on Friday, December 21, 2012 at 11:00 am."
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StraubeyKY
Sophomore Author Kentucky

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Message Posted: Jul 13, 2012 10:08:02 PM

I'm not holding my breath.
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PoohMcGoo
Champion Author Alabama

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Message Posted: Jul 13, 2012 10:05:17 PM

Depends on what happens Nov 6th.
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76chevy
Champion Author Toledo

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Message Posted: Jul 13, 2012 10:03:45 PM

Maybe this prediction will be as wrong as this years.
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Suzzoom
Champion Author Nevada

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Message Posted: Jul 13, 2012 10:02:21 PM

I'm holding my breath.
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Bizzybee2010
Sophomore Author Ontario

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Message Posted: Jul 13, 2012 10:00:46 PM

I'll believe it when I see it
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CocoPaz
Champion Author Santa Barbara

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Message Posted: Jul 13, 2012 9:58:21 PM

" By next year, however, it's likely the prices at the pump will be below the current average of $3.41 per gallon, the U.S. Energy Department said." From their mouth to God's ear...
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carranco
Champion Author Georgia

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Message Posted: Jul 13, 2012 9:56:30 PM

Basically, gas prices do the opposite of what these people predict.
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jad1960
Champion Author Gary

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Message Posted: Jul 13, 2012 9:56:02 PM

I want to see this happen I really doubt it.
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ScottE
Champion Author Orange County

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Message Posted: Jul 13, 2012 9:50:45 PM

Da_m speculators and Big Oil Execs.
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melvindale
Champion Author Michigan

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Message Posted: Jul 13, 2012 9:50:09 PM

Based on what data?

The big brown stinking hunk of data they just pulled out of their ass?

There is no other data that could possibly lead them to that conclusion.
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Blue48
Champion Author Illinois

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Message Posted: Jul 13, 2012 9:43:34 PM

WE SHALL SEE!
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