• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 17 mins Why is Strait of Hormuz the World's Most Important Oil Artery
  • 27 mins Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 5 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 8 hours Struggle For Supremacy: Kremlin Condemns Alleged U.S. Ultimatum To Turkey Over Missile Deal
  • 6 hours Another surprise 'build'
  • 1 hour Apple Bid To Buy Tesla in 2013 For $240 a Share
  • 13 hours Solar Cheaper than Coal
  • 5 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 4 hours California's Oil Industry Collapses Despite Shale Boom
  • 5 hours IMO 2020 could create fierce competition for scarce water resources
  • 5 hours IMO2020 To scrub or not to scrub
  • 6 hours Global Warming Making The Rich Richer
  • 14 hours Crude oil?
  • 15 hours Rural and Conservative: Polish Towns Go 'LGBT free' Ahead Of Bitter European Election Campaign
  • 10 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Prices at the US Pump Expected to Stay Flat

As Americans enjoyed the cheapest average gas prices last year since 2010, the prognosis is that prices at the pump will decrease further or remain flat for 2014 and beyond.

According to AAA’s year-end report, American drivers paid $3.49 per gallon of regular, on average for 2013, down about 12 cents from the record-high price in 2012 and slightly less than in 2011.

Throughout 2013, we saw a steady fall in prices with the exception of the fourth quarter, when prices rose in accordance with an economic rebound and increased driving.

The overall drop in average prices at the pump is attributed to colder weather, reduced driving, peak processing at refineries and larger gas inventories.

Related article: US Gas Prices Down on High Supply, Lower Demand

GasBuddy.com, which reports local US gas prices  and national averages, is predicting that prices at the pump will be lower in 2014, but still volatile.

The website predicts the national average for 2014 will be just below $3.40 per gallon — the lowest average since 2010, due to increased domestic shale oil production and a federal policy prohibiting the export of oil.

In the meantime, while the oil industry in the US is trying to convince the public that it could push gas prices down further if the ban on most crude exports was lifted, \shows that Americans remained concerned that the reverse would be true.

Fear of potentially higher gas prices is shaping an intensifying debate about lifting the ban on US crude oil exports. The US banned most oil exports after the Arab oil embargo of the 1970s.

Related article: Why are Gas Prices Falling, and How Long will the Trend Last?

While the Reuters poll found that on the topic of allowing crude oil exports, American voters are evenly divided—until gas prices are worked into the equation.

The poll showed a large majority would oppose crude exports if they thought it would translate into higher prices at the gas pump, while a majority also thought gas exports should be restricted.

By. Charles Kennedy of Oilprice.com




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • Larry on January 09 2014 said:
    How about not allowing gasoline to be exported? The American people are sick and tired of being held hostage by high gas prices. If you won't make market gamblers take actual receipt of the product (true supply and demand) the least that can be done is keeping all the gasoline produced in this county actually IN THIS COUNTRY.

    Gasoline should truly be about $1.50 - $1.75 wholesale or about $2.25 at the pumps on average.

    Signed,

    Sick and tired of high gas prices
  • Bill on January 14 2014 said:
    But the gasoline price rollercoaster will continue in the Great lakes area thanks to Marathon oil owned Speedway and their weekly 20 cent to 50 cent price spikes. They call this "Price cycling" and is done strictly for the benefit of the consumer.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News