Gasoline prices predicted to fall in 2013

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)