Posted on 01/03/2014 6:17:11 AM PST by thackney
Analysts expect gas prices to decrease or remain mostly flat not only in 2014, but for years to come. Nonetheless, drivers in some states will see higher prices at the pump, starting January 1.
Gas prices may not have seemed all that cheap in 2013. But in fact, prices for the year as a whole were less expensive than they have been. According to AAA’s year-end report, American drivers paid $3.49 per gallon of regular, on average for 2013. That’s the cheapest per-gallon average since 2010; the national average was just above $3.50 in 2011 and hit $3.60 per gallon in 2012. Even so, 2013 stands as the third most expensive year for gasoline...
Looking forward, the experts predict that while gas prices will rise and fall from month to month, yet the overall trend is for prices to keep retreating in 2014. GasBuddy analysts say that thanks to increases in crude oil production at home, as well as forecasts of flat demand as consumers continue to scale back on driving and shift to more fuel-efficient cars, gas prices are likely to average under $3.40 in 2014. “When all the final figures are calculated, the average price next year will fall by about 10cts gal from 2013 numbers,” a GasBuddy post states.
AAA is predicting much of the same....
In some cases, drivers won’t benefit from the decline in wholesale gas prices because consumer prices will be flat or even higher thanks to rising gas taxes imposed at the state level. Essentially, as of January 1, the gas tax in Pennsylvania increases by 9.5¢ per gallon of regular and 13¢ per gallon on diesel fuel, at the wholesale level. Over the course of five years, the state gas tax will rise 28¢ per gallon, according to the Pennsylvania {DOT}.
(Excerpt) Read more at business.time.com ...
Well as we all know, gasoline prices now have two components, the cost of production and the added taxes.
The product cost rises and falls in response to the cost of the source material - a barrel of oil.
But the tax portion of the price NEVER goes down, only rises. And that will always be the case, because it’s an easy revenue grab for lazy politicians.
Well as we all know, gasoline prices now have two components, the cost of production and the added taxes.
The product cost rises and falls in response to the cost of the source material - a barrel of oil.
But the tax portion of the price NEVER goes down, only rises. And that will always be the case, because it’s an easy revenue grab for lazy politicians.
Being made an easier grab by even more lazy politicians here in MA. We have now in new law that gas taxes are tied to inflation. We also have now a ballot question to repeal that link.
Don't forget the Credit & Debit Cards fees. Many gasoline stations make 3 cents per gallon on the gasoline while the banks charges equal 5 to 6 cents per gallon.
The companies that market gasoline are mostly tax collectors for the State. The tail is wagging the dog.
Don’t forget to add in the factoid we have not built a new refinery since the 70’s. Existing ones cannot keep up with population growth.
translation: Stunning advances in the technology of energy production are raising supplies, and as a result, two-timing backstabbing weasels like Tom Corbett may actually get away with it.
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