The Norman Transcript

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January 13, 2013

Lower gasoline costs in 2013

The Norman Transcript

NORMAN — Retailers and restaurants say the price of gasoline has a big impact on their businesses. Both should rejoice in 2013 as analysts predict the price of gasoline will go down about 5 percent.

Nationwide, the Energy Department says the cost will average $3.44 a gallon this year. That’s considerably less than the nearly $3.63 a gallon some areas saw in 2012.

In Oklahoma, we’re already seeing $2.80 per gallon gasoline at some of the discount outlets. The state tends to see lower prices at the pump due to lower gasoline taxes and easier access to refineries.

The Associated Press reports such a savings would free up $25 billion from household budgets. That’s a lot of hamburgers.

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