Lower Gas Prices and the Economy

Lower Gas Prices: How Big a Boost for the Economy? - Real Time Economics - WSJ: ".... Economists also note that the effects on both consumers and producers could take a while to show up in official data. On the energy investment side, for example, it takes time for investment decisions to ripple through the market. Capital spending cuts might not happen suddenly because producers tend to hedge against short-term price declines by selling oil in the futures market. The benefits to consumers also accrue over time as drivers fill up their tanks. So far, lower gas prices have saved the average household around $80, according to ClearView Energy Partners. If prices were to stay at their current levels for a year, the savings could rise to around $340 a household. What about jobs? Don’t look for a big drag here. Goldman estimates that the main oil and gas production industries have added around 280,000 jobs over the last four years, or around 5,000 jobs per month. That’s a small share of total U.S. employment, since overall employers have added around 220,000 jobs per month over the past year."

Alternative Fueling Station & Mobile Truck Stop Electrification Site Locators

US Energy Information Administration Gasoline and Diesel Fuel Update

http://www.eia.gov/petroleum/gasdiesel/

*www.mofuel.com is not affiliated with the Alternative Fuels Data Center, the Alternative Fuels and Advanced Vehicles Data Center (AFDC), or the U.S. Dept. of Energy, sources of the information provided herein

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Economy biggest factor on US gas prices

The Economy will be the biggest factor on US gas prices in 2013, excluding unforeseen events--

Headline Story | equities.com: "Absent significant storms, major wars or production and distribution outages, the single largest factor that will influence gasoline prices this year will be the strength of the U.S. economy, AAA reported this week. Oklahoma's average gasoline price is the sixth lowest of all the states. According to FuelGaugeReport.AAA.com, motorists in six states -- Utah, Wyoming, Colorado, Minnesota, Idaho and Oklahoma -- currently pay less than $3 per gallon of gasoline at the pump. Utah is the country's price leader at $2.90. The average price in Texas today is 18 cents above Oklahoma's. Only drivers in Hawaii pay more than $4 per gallon. The highest average prices in the continental United States are found in California and in the Northeast."

Alternative Fueling Station & Mobile Truck Stop Electrification Site Locators

US Energy Information Administration Gasoline and Diesel Fuel Update

http://www.eia.gov/petroleum/gasdiesel/

*www.mofuel.com is not affiliated with the Alternative Fuels Data Center, the Alternative Fuels and Advanced Vehicles Data Center (AFDC), or the U.S. Dept. of Energy, sources of the information provided herein

Follow @mofuelcom