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EIA sees fall in oil, gasoline prices through 2014

Posted on 09 January 2013

The U.S. Energy Information Administration said Tuesday that it expects to see Brent crude oil and retail gasoline prices fall from their average 2012 levels this year and next. Brent crude-oil spot prices averaged $112 per barrel in 2012, the EIA said in its short-term energy outlook report.
It forecast a fall to an average of $105 in 2013 and $99 in 2014. It also said regular U.S. retail gasoline prices were set to fall from an average $3.63 a gallon last year to $3.44 this year and $3.34 in 2014………………………………………..Full Article: Source


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