Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:36 AM

GasBuddy News Article

36
votes
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,...


Read the Full Article

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
heydano67
Champion Author California

Posts:2,799
Points:1,104,240
Joined:Feb 2012
Message Posted: Jul 15, 2012 1:45:49 AM

only time will tell
kst8er
Champion Author St. Louis

Posts:5,024
Points:1,765,815
Joined:Feb 2006
Message Posted: Jul 14, 2012 8:11:53 PM

Speculation creeping back into the scheme
sparky808
Champion Author Honolulu

Posts:6,108
Points:1,383,785
Joined:Sep 2011
Message Posted: Jul 14, 2012 7:14:23 PM

Thank you for posting.
remay
Champion Author Houston

Posts:10,140
Points:2,937,615
Joined:May 2006
Message Posted: Jul 14, 2012 10:28:28 AM

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

Posts:6,743
Points:2,056,840
Joined:Oct 2009
Message Posted: Jul 14, 2012 9:56:05 AM

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

Posts:17,322
Points:2,476,065
Joined:Apr 2008
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.
Blismo
Champion Author Arizona

Posts:2,569
Points:498,810
Joined:Feb 2012
Message Posted: Jul 14, 2012 1:12:58 AM

ok
n3tbc
Veteran Author Wilmington

Posts:355
Points:428,425
Joined:Sep 2011
Message Posted: Jul 14, 2012 12:05:03 AM

Going Down...
ty58
Veteran Author Akron

Posts:436
Points:1,108,070
Joined:Jun 2011
Message Posted: Jul 13, 2012 11:05:33 PM

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

Posts:4,878
Points:2,063,495
Joined:May 2008
Message Posted: Jul 13, 2012 11:05:07 PM

Regulate Oil Speculation!
monarch57
Champion Author British Columbia

Posts:2,490
Points:271,925
Joined:Nov 2008
Message Posted: Jul 13, 2012 11:02:55 PM

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

Posts:6,040
Points:2,652,600
Joined:Mar 2003
Message Posted: Jul 13, 2012 11:00:28 PM

prices going up
30mpg80
Champion Author Lexington

Posts:15,350
Points:2,322,945
Joined:Nov 2008
Message Posted: Jul 13, 2012 10:59:52 PM

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

Posts:6,026
Points:1,580,440
Joined:Feb 2011
Message Posted: Jul 13, 2012 10:56:16 PM

Tell the West Coast
beachmanglen
Champion Author Tampa

Posts:1,892
Points:1,102,625
Joined:Aug 2011
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.
36IHBinder
Champion Author Illinois

Posts:6,232
Points:1,432,585
Joined:Jun 2011
Message Posted: Jul 13, 2012 10:55:45 PM

It is a double edge sword
bvrbill
Champion Author Eugene

Posts:8,444
Points:1,355,350
Joined:Jul 2011
Message Posted: Jul 13, 2012 10:55:06 PM

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

Posts:6,455
Points:1,377,200
Joined:Sep 2011
Message Posted: Jul 13, 2012 10:54:13 PM

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

Posts:5,216
Points:2,039,765
Joined:Oct 2008
Message Posted: Jul 13, 2012 10:54:00 PM

yep
Beaveronparade
Champion Author Hartford

Posts:3,406
Points:1,379,745
Joined:Mar 2011
Message Posted: Jul 13, 2012 10:53:18 PM

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

Posts:8,172
Points:2,143,620
Joined:Mar 2006
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!
boatmen
Champion Author New York

Posts:5,795
Points:1,318,015
Joined:Jan 2011
Message Posted: Jul 13, 2012 10:48:27 PM

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

Posts:20,887
Points:4,279,630
Joined:Jul 2003
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.
menagerie1013
Champion Author San Diego

Posts:2,365
Points:1,331,790
Joined:Apr 2011
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?
badspots
Champion Author Houston

Posts:2,105
Points:988,165
Joined:Feb 2011
Message Posted: Jul 13, 2012 10:45:34 PM

We can hope.
zachlCA
Champion Author California

Posts:7,073
Points:1,330,505
Joined:Jun 2011
Message Posted: Jul 13, 2012 10:43:53 PM

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

Posts:11,263
Points:2,375,690
Joined:Nov 2008
Message Posted: Jul 13, 2012 10:43:21 PM

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

Posts:7,150
Points:3,302,605
Joined:Oct 2005
Message Posted: Jul 13, 2012 10:43:20 PM

They are guessing.
rf6480
Champion Author Miami

Posts:2,562
Points:1,204,065
Joined:Mar 2011
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
pgerassi
Champion Author Milwaukee

Posts:14,292
Points:2,941,545
Joined:Apr 2007
Message Posted: Jul 13, 2012 10:34:04 PM

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

Posts:1,152
Points:2,789,550
Joined:Feb 2005
Message Posted: Jul 13, 2012 10:32:59 PM

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

Posts:1,074
Points:2,019,685
Joined:Apr 2006
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
GoneUpAgain
Champion Author Atlanta

Posts:10,620
Points:1,712,385
Joined:May 2004
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.
JLSindy
Champion Author Cleveland

Posts:5,955
Points:1,442,030
Joined:Aug 2005
Message Posted: Jul 13, 2012 10:27:29 PM

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

Posts:7,841
Points:1,986,050
Joined:Dec 2006
Message Posted: Jul 13, 2012 10:24:24 PM

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

Posts:2,872
Points:1,369,535
Joined:May 2011
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
032946
Champion Author Twin Cities

Posts:23,295
Points:4,823,045
Joined:Oct 2001
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.
arinkrat17
Champion Author Twin Cities

Posts:9,570
Points:2,165,470
Joined:Aug 2009
Message Posted: Jul 13, 2012 10:17:12 PM

wait n see
OWENALOTT
Champion Author Appleton

Posts:2,182
Points:500,095
Joined:Apr 2011
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."
StraubeyKY
Sophomore Author Kentucky

Posts:235
Points:465,000
Joined:Dec 2010
Message Posted: Jul 13, 2012 10:08:02 PM

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

Posts:3,975
Points:1,500,345
Joined:Dec 2010
Message Posted: Jul 13, 2012 10:05:17 PM

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

Posts:5,299
Points:1,446,240
Joined:Jun 2010
Message Posted: Jul 13, 2012 10:03:45 PM

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

Posts:5,608
Points:1,329,735
Joined:Jan 2011
Message Posted: Jul 13, 2012 10:02:21 PM

I'm holding my breath.
Bizzybee2010
Sophomore Author Ontario

Posts:133
Points:685,285
Joined:Mar 2010
Message Posted: Jul 13, 2012 10:00:46 PM

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

Posts:7,915
Points:1,160,605
Joined:Jun 2012
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...
carranco
Champion Author Georgia

Posts:1,031
Points:443,870
Joined:Dec 2008
Message Posted: Jul 13, 2012 9:56:30 PM

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

Posts:1,648
Points:639,475
Joined:Feb 2012
Message Posted: Jul 13, 2012 9:56:02 PM

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

Posts:4,676
Points:2,752,700
Joined:May 2002
Message Posted: Jul 13, 2012 9:50:45 PM

Da_m speculators and Big Oil Execs.
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
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.
Blue48
Champion Author Illinois

Posts:10,710
Points:2,451,835
Joined:Feb 2007
Message Posted: Jul 13, 2012 9:43:34 PM

WE SHALL SEE!
Tekkersmom57
Champion Author Syracuse

Posts:5,240
Points:1,530,740
Joined:May 2010
Message Posted: Jul 13, 2012 9:41:58 PM

Do people actually get paid for these predictions?
Post a reply Back to Topics