Gas Prices Predicted to be Cheaper the Rest of 2013

1210-gasprices_full_600

August 8, 2013

By Dr. Tyra Oldham, LANDsds Sustainable Voice News

The price of gas for consumers effects the total family and business overhead. The reduction in gas prices can lead to a feeling of economic recovery stimulating spending and investment. The prediction of lower gas prices on the surface is positive sign for the future. The knowledge of “Cheaper gasoline forecast for U.S. Consumers” is a sign of overall lowering of consumer good prices.

The Department of Energy is predicting lower gas prices for the remainder of the year by ten cents from the first half of the year.

UPI  reported the “Seasonal increases in demand for gasoline, rising crude prices, and tighter gasoline markets in the Midwest and Northeast contributed to U.S. regular gasoline retail prices increasing from an average of $3.50 per gallon to $3.68 per gallon during the first three weeks of July. Over the last two weeks, the average price of regular gasoline has fallen to $3.63 per gallon,” EIA Administrator Adam Sieminski said in a statement Tuesday.

The EIA said crude oil prices on the international market account for about 66 percent of the price at the pump. An expected decline in crude oil prices should relieve some of the pain at the pump through the remainder of the year. The EIA said it expects an average of $3.46 per gallon for the second half of 2013, compared to $3.59 for the first half of the year.

When placing a spin on the news of gas prices lowering it supports the facilitation of a growing construction industry that leads to the reduction in material costs as well. Further, the reduction in fuel prices can have a positive effect overtime on transportation costs as fuel contracts roll off for renewal. Consider, the price of goods could also take a dive producing a few more jobs in the national pool.

The lowering of gas could trigger a sense of vitality and health for the economy. The news of cheaper gas prices can be one trigger to fuel the economy.

Advertisements

LANDsds Sustainable Voice is a news platform to share interconnected ideas, innovation and observation-The Nexuses.

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business, Economics, Energy, Energy Speculators, Financial News, Infrastructure, Oil and Gas, Sustainability Nexuses, Sustainable Voice, Transportation

Have a Sustainable Day My Friend!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

land@landsds.com

Nexuses Images
Skinny Budget Slashing Budget Making some #Zen
What’s TRENDING This WEEK:

July 4, 2015
Fourth of July!

July 3, 2015
Aetna Buys Humana

June 26,2015
The US Supreme Court votes for gay marriage.

June 25, 2015
The US nation's healthcare, Obamacare was upheld by the Supreme Court today.

April 28, 2015
The Marriage Gay Rights decision from Supreme Court

April 27, 2015
Outburst and acts of violence in Baltimore after the funeral of Mr. Freddy Gray, 25 Black male

April 27, 2015
Chipotle Mexican Restaurant Chain decides no Genetically Modified Ingredients (GMO) to be served

April 27, 2015
Loretta Lynch, sworn in as first Black Woman Attorney General of the United States

April 26 -27, 2015
Tragedy in Nepal as 7,000 Reported Dead from Earthquake and Tremors

April 25, 2015
White House Correspondence Dinner in full swing. Jokes, Pundits and Politics

April 9, 2015
Walter Scott killed by police officer in South Carolina. The crime witnessed and video taped by Feiden Santana.

April 7, 2015
Billie Holiday 100th Birthday anniversary

April 2, 2015
Storm and hail expected through south and east.

April 1, 2015
California's drought will change the way the state operates

We are glad your here!
Nexuses
Archives

LANDsds is the Green Sustainability Voice is dedicated to green, sustainability, green-tech and business contact us at land@landsds.com.

  • An error has occurred; the feed is probably down. Try again later.
  • Innovative Architecture Plyscrapers in Paris June 16, 2015
      Michael Green proposes plyscrapers for Paris  June 16, 2015 LANDsds Sustainable Voice News Vancouver architect Michael Green wrote the book on timber towers, and has made a name for himself building North America’s tallest. He is also great at that…Read more ›
    LANDsds Sustainable Voice News
  • Turning Miami into Next Silicon Valey June 1, 2015
    June 1, 2015 LANDsds Sustainable Voice News SHoP Architects has teamed up with West 8 to design a four-block development, aimed specifically at attracting technology businesses and turning Miami into “Florida’s Silicon Valley”. Located in Miami’s Park West neighbourhood, the 10-acre…Read more ›
    LANDsds Sustainable Voice News
  • BP Settles on Oil Spill for $18.7 Billion July 2, 2015
    July 2, 2015 LANDsdsSustainable Voice News   Big news as “BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill” settled to support the environmental damage in 2010. “The federal government and the Gulf Coast states have reached a tentative…Read more ›
    LANDsds Sustainable Voice News
  • US Puerto Rico In Debt Crisis June 30, 2015
    June 30, 2015 By Dr. Tyra Oldham, LANDsds Sustainable Voice News As we the focus on Greece, Puerto Rico is in trouble. Puerto Rico a travel economy with cheap wages and high energy cost is under water. Puerto Rico a part of US…Read more ›
    LANDsds Sustainable Voice News
%d bloggers like this: