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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

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heydano67 Champion Author California Posts:1,681 Points:360,460 Joined:Feb 2012	Message Posted: Jul 15, 2012 1:45:49 AM Ignore heydano67 Report Abuse only time will tell
kst8er Champion Author St. Louis Posts:2,888 Points:1,048,160 Joined:Feb 2006	Message Posted: Jul 14, 2012 8:11:53 PM Ignore kst8er Report Abuse Speculation creeping back into the scheme
sparky808 Champion Author Honolulu Posts:3,013 Points:600,660 Joined:Sep 2011	Message Posted: Jul 14, 2012 7:14:23 PM Ignore sparky808 Report Abuse Thank you for posting.
remay Champion Author Houston Posts:6,978 Points:2,119,565 Joined:May 2006	Message Posted: Jul 14, 2012 10:28:28 AM Ignore remay Report Abuse I won't hold my breath.
DanMtz Champion Author Oakland Posts:3,365 Points:1,245,375 Joined:Oct 2009	Message Posted: Jul 14, 2012 9:56:05 AM Ignore DanMtz Report Abuse ...along with the economy?
LanguageMan1 Champion Author Tampa Posts:11,733 Points:1,663,740 Joined:Apr 2008	Message Posted: Jul 14, 2012 3:12:58 AM Ignore LanguageMan1 Report Abuse 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:2,154 Points:407,160 Joined:Feb 2012	Message Posted: Jul 14, 2012 1:12:58 AM Ignore Blismo Report Abuse ok
n3tbc Veteran Author Wilmington Posts:355 Points:332,825 Joined:Sep 2011	Message Posted: Jul 14, 2012 12:05:03 AM Ignore n3tbc Report Abuse Going Down...
ty58 Veteran Author Akron Posts:320 Points:486,030 Joined:Jun 2011	Message Posted: Jul 13, 2012 11:05:33 PM Ignore ty58 Report Abuse let wait and see if the best is yet to come
rawdog1313 Champion Author Lexington Posts:3,319 Points:1,645,830 Joined:May 2008	Message Posted: Jul 13, 2012 11:05:07 PM Ignore rawdog1313 Report Abuse Regulate Oil Speculation!
monarch57 Champion Author British Columbia Posts:1,630 Points:135,850 Joined:Nov 2008	Message Posted: Jul 13, 2012 11:02:55 PM Ignore monarch57 Report Abuse That is great news, maybe we will get the ecomony back on track.
sydb7 Champion Author Atlanta Posts:3,563 Points:1,920,875 Joined:Mar 2003	Message Posted: Jul 13, 2012 11:00:28 PM Ignore sydb7 Report Abuse prices going up
30mpg80 Champion Author Lexington Posts:10,061 Points:1,489,805 Joined:Nov 2008	Message Posted: Jul 13, 2012 10:59:52 PM Ignore 30mpg80 Report Abuse Order another case of bannana peels to help
radiorumor Champion Author Texas Posts:2,822 Points:756,560 Joined:Feb 2011	Message Posted: Jul 13, 2012 10:56:16 PM Ignore radiorumor Report Abuse Tell the West Coast
beachmanglen All-Star Author Tampa Posts:679 Points:497,850 Joined:Aug 2011	Message Posted: Jul 13, 2012 10:56:16 PM Ignore beachmanglen Report Abuse The demand from China will determine the demand. If their economy heats up, prices will rise.
36IHBinder Champion Author Illinois Posts:2,973 Points:646,015 Joined:Jun 2011	Message Posted: Jul 13, 2012 10:55:45 PM Ignore 36IHBinder Report Abuse It is a double edge sword
bvrbill Champion Author Eugene Posts:3,238 Points:520,800 Joined:Jul 2011	Message Posted: Jul 13, 2012 10:55:06 PM Ignore bvrbill Report Abuse I hope price decline. I'll believe it when I see it.
SparkieMi Champion Author Kalamazoo Posts:3,277 Points:591,330 Joined:Sep 2011	Message Posted: Jul 13, 2012 10:54:13 PM Ignore SparkieMi Report Abuse Time will tell....
rcohan2 Champion Author South Carolina Posts:1,902 Points:1,259,515 Joined:Oct 2008	Message Posted: Jul 13, 2012 10:54:00 PM Ignore rcohan2 Report Abuse yep
Beaveronparade Champion Author Hartford Posts:2,108 Points:637,535 Joined:Mar 2011	Message Posted: Jul 13, 2012 10:53:18 PM Ignore Beaveronparade Report Abuse That sure is an awful long time to wait for the gas prices to fall.
Focus2 Champion Author Illinois Posts:7,896 Points:1,920,520 Joined:Mar 2006	Message Posted: Jul 13, 2012 10:49:39 PM Ignore Focus2 Report Abuse 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:3,095 Points:625,505 Joined:Jan 2011	Message Posted: Jul 13, 2012 10:48:27 PM Ignore boatmen Report Abuse would be nice greed will prevent it
DEG Champion Author Las Vegas Posts:17,635 Points:3,497,630 Joined:Jul 2003	Message Posted: Jul 13, 2012 10:48:13 PM Ignore DEG Report Abuse 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:691,490 Joined:Apr 2011	Message Posted: Jul 13, 2012 10:48:08 PM Ignore menagerie1013 Report Abuse 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:2,081 Points:677,060 Joined:Feb 2011	Message Posted: Jul 13, 2012 10:45:34 PM Ignore badspots Report Abuse We can hope.
zachlCA Champion Author California Posts:3,511 Points:654,785 Joined:Jun 2011	Message Posted: Jul 13, 2012 10:43:53 PM Ignore zachlCA Report Abuse We shall see, but I am not holding my breath.
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: Jul 13, 2012 10:43:21 PM Ignore abcdMA Report Abuse "depressed consumer demand" as in RECESSION
mrbee Champion Author Little Rock Posts:3,769 Points:2,468,605 Joined:Oct 2005	Message Posted: Jul 13, 2012 10:43:20 PM Ignore mrbee Report Abuse They are guessing.
rf6480 Champion Author Miami Posts:1,538 Points:549,510 Joined:Mar 2011	Message Posted: Jul 13, 2012 10:40:45 PM Ignore rf6480 Report Abuse 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:10,911 Points:2,134,530 Joined:Apr 2007	Message Posted: Jul 13, 2012 10:34:04 PM Ignore pgerassi Report Abuse Ban CIFs and watch the prices crash through the floor.
C.Carpets All-Star Author Oakland Posts:549 Points:2,091,855 Joined:Feb 2005	Message Posted: Jul 13, 2012 10:32:59 PM Ignore C.Carpets Report Abuse I agree with most of what JLSindy says. :-p
STLcardsfan Champion Author St. Louis Posts:1,039 Points:1,376,060 Joined:Apr 2006	Message Posted: Jul 13, 2012 10:31:00 PM Ignore STLcardsfan Report Abuse It's going down, it's going up, it's going down, it's going up
GoneUpAgain Champion Author Atlanta Posts:7,624 Points:1,348,175 Joined:May 2004	Message Posted: Jul 13, 2012 10:29:39 PM Ignore GoneUpAgain Report Abuse 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:3,501 Points:675,965 Joined:Aug 2005	Message Posted: Jul 13, 2012 10:27:29 PM Ignore JLSindy Report Abuse I agree with much of what everyone says.
regasaz Champion Author Phoenix Posts:5,775 Points:1,283,130 Joined:Dec 2006	Message Posted: Jul 13, 2012 10:24:24 PM Ignore regasaz Report Abuse Another positive sign that Obama is on his way OUT?
txkrb Champion Author Texas Posts:1,563 Points:639,965 Joined:May 2011	Message Posted: Jul 13, 2012 10:23:06 PM Ignore txkrb Report Abuse 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:19,870 Points:4,045,995 Joined:Oct 2001	Message Posted: Jul 13, 2012 10:17:16 PM Ignore 032946 Report Abuse 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:6,304 Points:1,334,400 Joined:Aug 2009	Message Posted: Jul 13, 2012 10:17:12 PM Ignore arinkrat17 Report Abuse 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 Ignore OWENALOTT Report Abuse The Media also said, "The world was going to end on Friday, December 21, 2012 at 11:00 am."
StraubeyKY Sophomore Author Kentucky Posts:230 Points:226,550 Joined:Dec 2010	Message Posted: Jul 13, 2012 10:08:02 PM Ignore StraubeyKY Report Abuse I'm not holding my breath.
PoohMcGoo Champion Author Alabama Posts:3,077 Points:802,635 Joined:Dec 2010	Message Posted: Jul 13, 2012 10:05:17 PM Ignore PoohMcGoo Report Abuse Depends on what happens Nov 6th.
76chevy Champion Author Toledo Posts:3,994 Points:770,605 Joined:Jun 2010	Message Posted: Jul 13, 2012 10:03:45 PM Ignore 76chevy Report Abuse Maybe this prediction will be as wrong as this years.
Suzzoom Champion Author Nevada Posts:2,378 Points:508,090 Joined:Jan 2011	Message Posted: Jul 13, 2012 10:02:21 PM Ignore Suzzoom Report Abuse I'm holding my breath.
Bizzybee2010 Sophomore Author Ontario Posts:133 Points:672,135 Joined:Mar 2010	Message Posted: Jul 13, 2012 10:00:46 PM Ignore Bizzybee2010 Report Abuse I'll believe it when I see it
CocoPaz Champion Author Santa Barbara Posts:2,385 Points:325,345 Joined:Jun 2012	Message Posted: Jul 13, 2012 9:58:21 PM Ignore CocoPaz Report Abuse " 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:1,027 Points:269,765 Joined:Dec 2008	Message Posted: Jul 13, 2012 9:56:30 PM Ignore carranco Report Abuse Basically, gas prices do the opposite of what these people predict.
jad1960 Champion Author Gary Posts:1,555 Points:405,375 Joined:Feb 2012	Message Posted: Jul 13, 2012 9:56:02 PM Ignore jad1960 Report Abuse I want to see this happen I really doubt it.
ScottE Champion Author Orange County Posts:4,352 Points:2,200,530 Joined:May 2002	Message Posted: Jul 13, 2012 9:50:45 PM Ignore ScottE Report Abuse 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 Ignore melvindale Report Abuse 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:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Jul 13, 2012 9:43:34 PM Ignore Blue48 Report Abuse WE SHALL SEE!