Mexican Media Brands
U.S. Hikes Gasoline Price Forecast
Americans will pay an average of $3.55 per gallon this year, down from $3.63 in 2012, mainly because of declining oil prices, the Energy Information Administration estimates.
#economics
Share
Americans will pay an average of $3.55 per gallon this year, down from $3.63 in 2012, mainly because of declining oil prices, the Energy Information Administration estimates.
But the agency's new forecast is 11 cents per gallon higher than its prediction a month ago. The EIA expects gasoline prices to ease to $3.39 in 2014.
Diesel is projected to dip 5 cents per gallon to an average of $3.92 per gallon in 2013 and drop an additional 10 cents next year.
Gasoline consumption in the U.S. this year will average 8.73 million barrels per day compared with 8.72 million bpd in 2012, the EIA predicts. It says increased travel will be mostly offset by fuel economy improvements.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.