Forecasters Expect Gas Prices to Fall in 2013 - FOX44 - Burlington / Plattsburgh News, Weather & Sports

Forecasters Expect Gas Prices to Fall in 2013

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WASHINGTON -

If your New Year's resolution was to pay less for gas, you might have an easier time keeping it.

That's because while the price of meat, healthcare and taxes are all set to take a bigger bite out of your budget this year, it looks like our gas bills are expected to drop for the first time in 4 years.

So what's causing the drop?

Forecasters say the supply of oil is up and the demand in the United States is surprisingly weak right now.

The average price for a gallon of gas will fall 5% to $3.44. Although that would still be the third-highest average price ever, it won't compare to last year's record.

 

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