QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

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

  • Convenience Store Industry Issues Optimistic Forecast For 2017
  • National Gas Average Increases To Highest Price Since June, AAA Reports
  • Gas Prices Jump Above $2 A Gallon; Are More Increases On The Way?
  • Free ATM Anti-Fraud, Anti-Skimming White Paper Now Available
  • FBI Issues Warning On Vehicle Hacking

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570