If you've no account register here first time
User Name :
User Email :
Password :

Login Now
gas station

Gas Pump Prices Set to Reach 2013 Low

gas stationUS gas prices at the pump are expected to reach a 2013 low as supply reaches a two-decade seasonal high, Bloomberg reports.

Retail prices dropped to a 33-month low of $3.179 a gallon on Nov. 11 and are now $3.216, according to AAA. Wholesale gasoline in markets from Chicago to Texas dropped to as low as 43.75 cents below futures last week, which means consumers may spend less at the pump through the New Year.

Andy Lipow, president of Lipow Oil Associates in Houston, predicts gasoline will reach $3.15 by the end of the year and tells Bloomberg: “We’re going to see significant increases in gasoline inventories the next few weeks. Refiners will maintain their high rates of utilization while demand declines toward its seasonal low in January and February.”

Gas prices hit a summer peak of $3.68 per gallon on July 22.

Photo Credit: gas station via Shutterstock


The EHS Guidebook: Selecting, Implementing, and Using EHS Software Solutions
Sponsored By: EtQ

Packaging LED & Advanced Rooftop Unit Control (ARC) Retrofits for Maximum Performance
Sponsored By: Transformative Wave

Is Energy-From-Waste Worse Than Coal?
Sponsored By: Covanta Environmental Solutions

Approaches to Managing EHS&S Data
Sponsored By: Enablon


Leave a Comment