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Issue Date: Vol. 54, No. 2, February 2014, Posted On: 2/1/2014

Gas Prices Poised For A Volatile 2014

Hank Schlesinger
TAGS: vending routes, fleet new, 2014 gas prices, small business news

Fasten your seatbelts. It looks as if 2014 is going to be a bumpy ride for gas prices. According to Gasbuddy.com, fuel costs will likely drift lower, but not before experiencing some price spikes, to average below $3.40 a gallon for the first time since 2010.

Barring unforeseen events, such as storms or unrest in oil producing regions, the price of gas will drop to its lowest points since the Great Recession began. The reason for the downward drift, say the experts, is due to increased U.S. production that has insulated most of the country from spikes. The increased product, including the shale oil boom, has boosted domestic production to its highest level since 1989.

However, the danger of price spikes could arise from refinery maintenance that typically takes place from February through April, ahead of the driving season.

Topic: Small Business News

  • Business Email Compromise Continues As Serious And Evolving Problem
  • As Economy Improves, Traffic Congestion Increases To Surpass Pre-Recession Levels
  • Congress Passes Temporary Highway Funding Bill - Again
  • Highway Funding Bill Stalls In Congress
  • Gas Prices Drop Unexpectedly As Summer Driving Season Peaks

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