• 4 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 7 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 10 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 13 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 15 mins EU has already lost the Trump vs. EU Trade War
  • 1 min More dumbed down? re Hong Kong Act of Congress
  • 18 hours Impeachment S**te
  • 3 hours Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 5 hours Article: Did Exxon only make $39 Million onshore U.S. last quarter ?
  • 1 day 55.00 WTI
  • 10 hours Visualizing Pennsylvania Oil & Gas Production (Through September 2019)
  • 6 hours U.S. Shale To Break Records Despite Bearish Rhetoric
  • 1 day Everything You Need To Know About Trump
  • 1 day Water, Trump, and Israel’s National Security
  • 32 mins What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 4 hours Last I Checked
  • 15 mins Petroleum Industry Domain Names
  • 1 hour U.S. Shale Output may Start Dropping Next Year
Alt Text

The Easy Money In European Natural Gas Is Gone

Traders are unable to take…

Alt Text

Natural Gas Prices Fall Below Zero In Texas

Soaring oil production in Texas…

Alt Text

The Natural Gas Crash Isn’t Over

After having reached their highest…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

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



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
Download on the App Store Get it on Google Play