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GasBuddy News Article

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Energy Department predicts price of gas will fall this year

CBS News -- Hamburger, health care & 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 4 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, OPI Service.

That would still be the third-highest average price ever. But a discount of 19 cents per gallon from 2012 would save the typical household $205 this year -

Spending that accounts for 70 percent of American ecospending . . .


Read the Full Article

Submitted Jan 12, 2013 By: MidNJ
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Energy Department predicts price of gas will fall this year Back to Topics
REPLIES (newest first) Post a Reply
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remay
Champion Author Houston

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Message Posted: Jan 13, 2013 11:35:51 AM

Who do you believe???
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DanMtz
Champion Author Oakland

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Message Posted: Jan 13, 2013 7:54:12 AM

I thought I read that prices were going up.
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blupupher
Champion Author Houston

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Message Posted: Jan 13, 2013 6:56:33 AM

some say fall, some say rise. No real way to predict what the future of fuel prices will be.
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bston
Champion Author Oklahoma City

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Message Posted: Jan 12, 2013 11:04:49 PM

Time will tell.
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genoist
Veteran Author Orlando

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Message Posted: Jan 12, 2013 9:09:51 PM

So many opposing predictions.....
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PDQBlues
Champion Author San Diego

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Message Posted: Jan 12, 2013 5:22:33 PM


That will be a welcomed event. When will prices start falling?
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cmgodwin
Champion Author Raleigh

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Message Posted: Jan 12, 2013 4:49:11 PM


More predictions?
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fullcirclethink
Champion Author Washington

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Message Posted: Jan 12, 2013 9:59:39 AM

"Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices."

Are these the same forecasters that predict the weather? Because, if they are, we are in for a year full of surprises!!
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car253
Champion Author Ohio

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Message Posted: Jan 12, 2013 7:48:44 AM

I predict gas prices will go up and down and up and down and I will be correct.
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virostek
Veteran Author Virginia

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Message Posted: Jan 12, 2013 7:35:57 AM

When? Not now.
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ClarkSC
Champion Author South Carolina

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Message Posted: Jan 12, 2013 6:34:59 AM

Another joke.
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turboz2012
Champion Author Charleston

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Message Posted: Jan 12, 2013 5:37:05 AM

seriously is $3.44 a gallon supposed to be saving us money?
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Nancy&Len
Champion Author Cleveland

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Message Posted: Jan 12, 2013 5:29:57 AM

Couldn't agree more with you Alaydown.
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hokieburgh
Champion Author Virginia

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Message Posted: Jan 12, 2013 5:29:39 AM

hope springs eternal!
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brbaritone
Champion Author Virginia

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Message Posted: Jan 12, 2013 5:07:39 AM

I'm waiting ... and waiting ... and waiting ......
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SUPERSTEVIEO
Champion Author Quebec

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Message Posted: Jan 12, 2013 5:04:59 AM

will the commit to it? and pay the difference if the price rises???
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epf
Champion Author Grand Rapids

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Message Posted: Jan 12, 2013 4:45:38 AM

I'll believe it when I see it.
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OHMS
Champion Author Orange County

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Message Posted: Jan 12, 2013 3:44:47 AM

Can't Be Serious
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NedW
Champion Author Indianapolis

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Message Posted: Jan 12, 2013 3:03:14 AM

They'll let anybody be a journalist now days, huh?
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leeac
Champion Author Ohio

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Message Posted: Jan 12, 2013 2:55:31 AM

The trend for gasoline and oil prices is still up due to inflation, higher worldwide demand and higher production costs.
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pricewar
Champion Author Ogden

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Message Posted: Jan 12, 2013 2:11:30 AM

Forecasters are saying things that we already have known for a while now
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CiVX
Champion Author Oakland

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Message Posted: Jan 12, 2013 1:40:09 AM

Then they will go up.
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Alaydown
Champion Author Los Angeles

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Message Posted: Jan 12, 2013 1:22:32 AM

Did they make this prediction just before the November election to fool the idiots who voted for Obama? This is the same Energy Department that is headed by Chu who has said he wants the price of gasoline here at "European levels" ($8-10 per gallon) to "encourage conservation." It is the same Energy Department that has picked numerous companies to give grants and loans to and which have gone bankrupt.

If Obama's Energy Department predicts this, you can bet the farm that the opposite will happen.
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coughlin
Champion Author San Jose

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Message Posted: Jan 12, 2013 1:06:20 AM

maybe.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Jan 12, 2013 1:02:21 AM

Sounds cool - I wonder if they know if it will rain next week
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diesel8888
Champion Author Salt Lake City

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Message Posted: Jan 12, 2013 12:49:30 AM

Woo hoooo!,
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Ahking
Champion Author Orange County

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Message Posted: Jan 12, 2013 12:46:21 AM

let's see who's right. on the other hand, just want lower gas price.
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Jan 12, 2013 12:42:50 AM


"a discount of 19 cents per gallon from 2012 would save the typical household $205 this year"

That tells me that the "typical household" is using waaaaaaayyyy too much gas.

CONSERVE BABY CONSERVE!!!!!!!!!!!!!!!!
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TheHermit
Champion Author Maine

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Message Posted: Jan 12, 2013 12:37:09 AM

Wait and see
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jwalkerh
Champion Author Louisiana

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Message Posted: Jan 12, 2013 12:27:27 AM

Sure, the price of gas will fall but the problem is how quickly the price of gas rises.
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Retowered
Champion Author Colorado

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Message Posted: Jan 12, 2013 12:27:09 AM

That would be nice.
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jorod55
Champion Author California

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Message Posted: Jan 12, 2013 12:18:37 AM

Here come the yoyo price predictors again.
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el_fr
Champion Author Massachusetts

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Message Posted: Jan 12, 2013 12:18:04 AM

Easy to predict falling prices
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GallowayB
All-Star Author Ohio

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Message Posted: Jan 12, 2013 12:17:20 AM

IT's easy to drop prices after the year with the most expensive gas in history.
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Jan 12, 2013 12:15:36 AM

Banjoe ... Yes its sad, and whats worse is they are banking on it. Literally.

[Edited by: RENEGADEGAS at 1/12/2013 2:15:58 AM EST]
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N5EXY
Champion Author Austin

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Message Posted: Jan 12, 2013 12:13:07 AM

Good grief.
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Happytalk
Champion Author Pennsylvania

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Message Posted: Jan 12, 2013 12:12:27 AM

will believe it when I see it
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Banjoe
Champion Author Winnipeg

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Message Posted: Jan 12, 2013 12:10:25 AM

RENEGADEGAS - great observation. Amazing how sheep-like we've become.
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nurdco
Champion Author Colorado Springs

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Message Posted: Jan 12, 2013 12:09:57 AM

Be Contrarian...
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Jan 12, 2013 12:04:19 AM

Wish I could see something to cheer about here. Over $3.00 a gallon? Really? Maybe some have been conditioned enough to believe this is good, but it was $1.49 a gallon before this regime got a hold of it.
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OldMan322
Champion Author Illinois

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Message Posted: Jan 12, 2013 12:02:57 AM

Dreamers
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camel1
Champion Author Minnesota

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Message Posted: Jan 11, 2013 11:57:13 PM

believe it when it happens
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Geo4564
Champion Author Nevada

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Message Posted: Jan 11, 2013 11:56:45 PM

sounds good!
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hyeglenn
Champion Author Fresno

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Message Posted: Jan 11, 2013 11:52:48 PM

I will believe it when it happens.
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cutter1330
Champion Author Oklahoma

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Message Posted: Jan 11, 2013 11:49:48 PM

Hope they is right.
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kd5kpd
Champion Author Texas

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Message Posted: Jan 11, 2013 11:49:47 PM

I wont believe it until I see it happen!
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TigerRose
Champion Author Illinois

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Message Posted: Jan 11, 2013 11:49:13 PM

It sure needs to fall below $3 a gallon


[Edited by: TigerRose at 1/12/2013 1:49:47 AM EST]
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N4PIP
Champion Author Miami

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Message Posted: Jan 11, 2013 11:48:51 PM

Prices will go down, prices will go up. Prices will go down again, then prices will go up.
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benjy
Champion Author Chicago

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Message Posted: Jan 11, 2013 11:48:34 PM

damn Obama...
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snky2k
Champion Author Indianapolis

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Message Posted: Jan 11, 2013 11:47:04 PM

Don't forget to blame Obama for lower gas prices. He gets all the credit when they go up.
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