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Lowest Gas Prices in 3 Years in ’13; Set to be Lower in ’14

Gas Prices

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NEW YORK (CNNMoney) — Drivers fueled up for the lowest price in three years during 2013, according to AAA, and even lower prices are expected in 2014.

The motorist group reports that the national average price for a gallon of regular gas was $3.49 in 2013. That’s down about 12 cents from the record price set in 2012 and is a couple of cents cheaper than 2011.

“It was a relief to see gas prices decline in 2013 following record-breaking pain at the pump in recent years,” said Avery Ash, an AAA spokesman. “Our hope is that prices will continue to fall as cars grow increasingly fuel efficient and refineries expand production to take advantage of the recent boom in North American crude oil.”

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1 Comment to “Lowest Gas Prices in 3 Years in ’13; Set to be Lower in ’14”

    love said:
    January 2, 2014 at 8:42 AM

    it still isn’t low enough! It has not been far below 3.00 a gal since Obama has been in office!
    If you were to follow inflation, Gas right now should be about 2.70 a gal!
    Thanks a lot Obama lovers!

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