Results 1 to 2 of 2
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
10-21-2013, 05:16 PM #1
Consumers likely to get holiday present; $3.15 a gallon gas by Xmas
Consumers likely to get holiday present; $3.15 a gallon gas by Xmas
Gary Strauss, USA TODAY5:08 p.m. EDT October 21, 2013
(Photo: Scott Barbour, Getty Images)
STORY HIGHLIGHTS
With demand slowing, holiday prices will be lowest since 2010
- Crude oil falls below $100 barrel for first time since early July
Gasoline prices are likely to continue sliding for the rest of the year and by Christmas,could fall to $3.15 a gallon, the lowest national holiday season average average since 2010.
Thats about 20 cents a gallon lower than current prices, now averaging $3.36 a gallon.
Crude oil prices fell below $100 a barrel Monday for the first time since July, closing at $99.16. The 1.6% drop came on word of a fresh Energy Information Administration report on higher-than-expected domestic supplies. Separately, the Organization of Petroleum Exporting Countries (OPEC) said it there could be a drop in energy demand if the global economy weakens.
"With crude falling below $100, this opens the door for the declines to pick up steam,'' says Patrick DeHaan, senior oil analyst for gasbuddy.com
With ample supplies, lower seasonal demand and refineries producing cheaper winter-grade gas and tensions in the Middle East continuing to ebb, motorists now paying about 32 cents a gallon than year-ago levels and likely to find their cheapest holiday gas in three years, says DeHaan.
Gasoline prices averaged $3.23 a gallon in 2012, $3.24 a gallon in 2011 and $3.03 in 2010, DeHaan says.
Bargain hunters in several states are already enjoying sub-$3 gasoline. In Missouri, where gas prices average the nation's lowest at $3.07 a gallon, it's selling as low as $2.66 a gallon at some warehouse club outlet.
AAA spokesman Michael Green notes that sub-$3 a gallon gas is available in about 24 states, and overall, the cheapest gas prices nationwide since January.
"Lower prices are a real tangible benefit for most people, who need to drive to live their lives,'' Green says. "This means more savings for people and more money in their pockets."
http://www.usatoday.com/story/news/2...-xmas/3144943/
NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
-
10-21-2013, 05:21 PM #2
- Join Date
- Jun 2013
- Posts
- 8,546
Whoopii
72 Hours Till Deadline: Durbin moves on Amnesty
04-28-2024, 02:18 PM in illegal immigration Announcements