Analysts at the U.S. Energy Information Administration expect gas prices to decline by 2014, from last year’s average of $3.63 per gallon of unleaded to $3.34 by next year.
Expected lower crude oil prices…which accepted for about two-thirds of the price of gasoline in 2012….will contribute to savings at the pump.
At the same time, U.S. gasoline demand is expected to change little over the next two years as Americans buy more fuel-efficient vehicles…and older gas guzzlers are retired.
Yeah, suck it, Hummer.
This article appears in Jan 9-15, 2013.
This has nothing to do with the Hummer genius.
“…which accepted for about two-thirds of the price “
Uh, that should read “which ACCOUNTED for”.
Who’s the super-genius with minimal English skills? Oh, and how accurate have this agency’s previous predictions been? Do they account for inflation, the decline of the petrodollar, economic and political instability, etc.?
Gas prices up 32 days straight.
http://money.cnn.com/2013/02/17/news/economy/gas-prices/