• 4 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 7 minutes Trump will be holding back funds that were going to W.H.O. Good move
  • 11 minutes Washington doctor removed from his post, over covid
  • 15 minutes Which producers will shut in first?
  • 24 mins Cpt Lauren Dowsett
  • 12 mins Its going to be an oil bloodbath
  • 4 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 4 hours Why Trump Is Right to Re-Open the Economy
  • 7 hours Death Match: Climate Change vs. Coronavirus
  • 5 hours Free market or Freeloading off the work of others?
  • 6 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 8 hours US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 10 hours Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 10 hours Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 5 hours Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 hours How to Create a Pandemic
Alt Text

Has Natural Gas Hit Rock Bottom?

Natural gas prices fell below…

Alt Text

Are Asian LNG Prices About To Rally?

LNG spot prices rose last…

Alt Text

“Gasmaggedon” Sweeps Over Global Gas Market

China’s state-owned gas importers are…

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