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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:1,656 Points:356,385 Joined:Feb 2012	Message Posted: Jul 15, 2012 2:45:49 AM Ignore heydano67 Report Abuse only time will tell
kst8er Champion Author St. Louis Posts:2,876 Points:1,044,595 Joined:Feb 2006	Message Posted: Jul 14, 2012 9:11:53 PM Ignore kst8er Report Abuse Speculation creeping back into the scheme
sparky808 Champion Author Honolulu Posts:2,986 Points:595,785 Joined:Sep 2011	Message Posted: Jul 14, 2012 8:14:23 PM Ignore sparky808 Report Abuse Thank you for posting.
remay Champion Author Houston Posts:6,953 Points:2,115,440 Joined:May 2006	Message Posted: Jul 14, 2012 11:28:28 AM Ignore remay Report Abuse I won't hold my breath.
DanMtz Champion Author Oakland Posts:3,340 Points:1,240,400 Joined:Oct 2009	Message Posted: Jul 14, 2012 10:56:05 AM Ignore DanMtz Report Abuse ...along with the economy?
LanguageMan1 Champion Author Tampa Posts:11,707 Points:1,658,890 Joined:Apr 2008	Message Posted: Jul 14, 2012 4:12:58 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:2,129 Points:402,285 Joined:Feb 2012	Message Posted: Jul 14, 2012 2:12:58 AM Ignore Blismo Report Abuse ok
n3tbc Veteran Author Wilmington Posts:355 Points:332,825 Joined:Sep 2011	Message Posted: Jul 14, 2012 1:05:03 AM Ignore n3tbc Report Abuse Going Down...
ty58 Veteran Author Akron Posts:320 Points:483,030 Joined:Jun 2011	Message Posted: Jul 14, 2012 12:05:33 AM Ignore ty58 Report Abuse let wait and see if the best is yet to come
rawdog1313 Champion Author Lexington Posts:3,294 Points:1,640,955 Joined:May 2008	Message Posted: Jul 14, 2012 12:05:07 AM Ignore rawdog1313 Report Abuse Regulate Oil Speculation!
monarch57 Champion Author British Columbia Posts:1,623 Points:135,360 Joined:Nov 2008	Message Posted: Jul 14, 2012 12:02:55 AM Ignore monarch57 Report Abuse That is great news, maybe we will get the ecomony back on track.
sydb7 Champion Author Atlanta Posts:3,550 Points:1,917,990 Joined:Mar 2003	Message Posted: Jul 14, 2012 12:00:28 AM Ignore sydb7 Report Abuse prices going up
30mpg80 Champion Author Lexington Posts:10,007 Points:1,484,930 Joined:Nov 2008	Message Posted: Jul 13, 2012 11:59:52 PM Ignore 30mpg80 Report Abuse Order another case of bannana peels to help
radiorumor Champion Author Texas Posts:2,797 Points:751,685 Joined:Feb 2011	Message Posted: Jul 13, 2012 11:56:16 PM Ignore radiorumor Report Abuse Tell the West Coast
beachmanglen All-Star Author Tampa Posts:674 Points:494,525 Joined:Aug 2011	Message Posted: Jul 13, 2012 11:56:16 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:2,943 Points:640,165 Joined:Jun 2011	Message Posted: Jul 13, 2012 11:55:45 PM Ignore 36IHBinder Report Abuse It is a double edge sword
bvrbill Champion Author Eugene Posts:3,199 Points:515,825 Joined:Jul 2011	Message Posted: Jul 13, 2012 11:55:06 PM Ignore bvrbill Report Abuse I hope price decline. I'll believe it when I see it.
SparkieMi Champion Author Kalamazoo Posts:3,248 Points:585,500 Joined:Sep 2011	Message Posted: Jul 13, 2012 11:54:13 PM Ignore SparkieMi Report Abuse Time will tell....
rcohan2 Champion Author South Carolina Posts:1,877 Points:1,255,390 Joined:Oct 2008	Message Posted: Jul 13, 2012 11:54:00 PM Ignore rcohan2 Report Abuse yep
Beaveronparade Champion Author Hartford Posts:2,099 Points:632,880 Joined:Mar 2011	Message Posted: Jul 13, 2012 11:53:18 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:7,889 Points:1,918,255 Joined:Mar 2006	Message Posted: Jul 13, 2012 11:49:39 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:3,070 Points:620,630 Joined:Jan 2011	Message Posted: Jul 13, 2012 11:48:27 PM Ignore boatmen Report Abuse would be nice greed will prevent it
DEG Champion Author Las Vegas Posts:17,610 Points:3,492,755 Joined:Jul 2003	Message Posted: Jul 13, 2012 11:48:13 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:687,490 Joined:Apr 2011	Message Posted: Jul 13, 2012 11:48:08 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:2,079 Points:673,445 Joined:Feb 2011	Message Posted: Jul 13, 2012 11:45:34 PM Ignore badspots Report Abuse We can hope.
zachlCA Champion Author California Posts:3,484 Points:650,335 Joined:Jun 2011	Message Posted: Jul 13, 2012 11:43:53 PM Ignore zachlCA Report Abuse We shall see, but I am not holding my breath.
abcdMA Champion Author Worcester Posts:7,912 Points:1,573,030 Joined:Nov 2008	Message Posted: Jul 13, 2012 11:43:21 PM Ignore abcdMA Report Abuse "depressed consumer demand" as in RECESSION
mrbee Champion Author Little Rock Posts:3,744 Points:2,464,030 Joined:Oct 2005	Message Posted: Jul 13, 2012 11:43:20 PM Ignore mrbee Report Abuse They are guessing.
rf6480 Champion Author Miami Posts:1,533 Points:546,210 Joined:Mar 2011	Message Posted: Jul 13, 2012 11:40:45 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:10,886 Points:2,129,655 Joined:Apr 2007	Message Posted: Jul 13, 2012 11:34:04 PM Ignore pgerassi Report Abuse Ban CIFs and watch the prices crash through the floor.
C.Carpets All-Star Author Oakland Posts:543 Points:2,088,260 Joined:Feb 2005	Message Posted: Jul 13, 2012 11:32:59 PM Ignore C.Carpets Report Abuse I agree with most of what JLSindy says. :-p
STLcardsfan Champion Author St. Louis Posts:1,039 Points:1,371,960 Joined:Apr 2006	Message Posted: Jul 13, 2012 11:31:00 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:7,594 Points:1,343,300 Joined:May 2004	Message Posted: Jul 13, 2012 11:29:39 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:3,481 Points:671,315 Joined:Aug 2005	Message Posted: Jul 13, 2012 11:27:29 PM Ignore JLSindy Report Abuse I agree with much of what everyone says.
regasaz Champion Author Phoenix Posts:5,775 Points:1,280,880 Joined:Dec 2006	Message Posted: Jul 13, 2012 11:24:24 PM Ignore regasaz Report Abuse Another positive sign that Obama is on his way OUT?
txkrb Champion Author Texas Posts:1,555 Points:636,555 Joined:May 2011	Message Posted: Jul 13, 2012 11:23:06 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:19,845 Points:4,041,120 Joined:Oct 2001	Message Posted: Jul 13, 2012 11:17:16 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:6,279 Points:1,329,525 Joined:Aug 2009	Message Posted: Jul 13, 2012 11:17:12 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 11:09:48 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 11:08:02 PM Ignore StraubeyKY Report Abuse I'm not holding my breath.
PoohMcGoo Champion Author Alabama Posts:3,067 Points:798,335 Joined:Dec 2010	Message Posted: Jul 13, 2012 11:05:17 PM Ignore PoohMcGoo Report Abuse Depends on what happens Nov 6th.
76chevy Champion Author Toledo Posts:3,986 Points:769,915 Joined:Jun 2010	Message Posted: Jul 13, 2012 11:03:45 PM Ignore 76chevy Report Abuse Maybe this prediction will be as wrong as this years.
Suzzoom Champion Author Nevada Posts:2,353 Points:503,215 Joined:Jan 2011	Message Posted: Jul 13, 2012 11:02:21 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 11:00:46 PM Ignore Bizzybee2010 Report Abuse I'll believe it when I see it
CocoPaz Champion Author Santa Barbara Posts:2,360 Points:320,470 Joined:Jun 2012	Message Posted: Jul 13, 2012 10:58:21 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:267,390 Joined:Dec 2008	Message Posted: Jul 13, 2012 10:56:30 PM Ignore carranco Report Abuse Basically, gas prices do the opposite of what these people predict.
jad1960 Champion Author Gary Posts:1,535 Points:400,625 Joined:Feb 2012	Message Posted: Jul 13, 2012 10:56:02 PM Ignore jad1960 Report Abuse I want to see this happen I really doubt it.
ScottE Champion Author Orange County Posts:4,352 Points:2,196,880 Joined:May 2002	Message Posted: Jul 13, 2012 10:50:45 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 10:50:09 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:7,295 Points:1,635,995 Joined:Feb 2007	Message Posted: Jul 13, 2012 10:43:34 PM Ignore Blue48 Report Abuse WE SHALL SEE!