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Commodities Briefing - Categorized | Oil, Price Watch more

Gas prices are about to hit new lows

Posted on 03 October 2013

By Halloween — and perhaps much sooner, if the federal shutdown dampens demand significantly — consumers are likely to see the cheapest gas prices so far this year. A year ago, the post–Labor Day period was marked with rising prices at the pump thanks to a brutal hurricane season, among other factors.
This year things are different, with prices remaining subdued even when concerns about strife in the Middle East dominate the news. According to this week’s Energy Information Administration report, the national average for a gallon of regular at the end of September was measured at $3.42, which is around 40¢ less than a year ago………………………………………..Full Article: Source


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VRS - who has written 37718 posts on Opalesque Commodities Briefing.


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