|
Nebraska City News-Press - Nebraska City, NE
  • GasBuddy’s Year in Review

  • Midwest refinery problems (May); Quebec train disaster (July); & U.S. threat of attack on Syria (Sept.) had greatest impact on 2013 gasoline prices
    • email print
    • Ten Fascinating Facts About 2013 Gas Prices
    • The national average for 2013 came to $3.491 gal. This is 13.5cts gal lower than 2012’s national average of $3.626 gal and 3.7cts gal lower than 2011’s national average of $3.52...
    • » Read more
      X
      Ten Fascinating Facts About 2013 Gas Prices
    • The national average for 2013 came to $3.491 gal. This is 13.5cts gal lower than 2012’s national average of $3.626 gal and 3.7cts gal lower than 2011’s national average of $3.528 gal.

    • Regular gasoline started at $3.271 gal on January 1, 2013 and ended the year on December 31, 2013 up 3.3cts gal from that at $3.304 gal.

    • March had the highest monthly average for 2013 at $3.664 gal. In 2012, April had the highest monthly average of that year at $3.890 gal, while May had the title for 2011 at $3.907 gal.

    • Consumers had to wait until November to see the lowest monthly average of 2013 at $3.237 gal. They had to wait until December in 2012 to see the lowest monthly average back then at $3.30 gal. However, 2011 kicked off its year with its lowest month; January 2011 averaged just $3.095 gal.

    • The highest daily average of 2013 occurred on February 26, at $3.740 gal. That’s 12cts lower than 2012’s highest average of $3.969 gal on April 5 of that year. In 2011, the highest daily average of the year was $3.985 gal, 25cts higher than 2013’s high.

    • The lowest daily average of 2013 occurred on November 11, at $3.195 gal. Back in 2012, the lowest day of the year was on December 20, when it averaged $3.219 gal or 2cts higher than 2013’s low. In 2011, the lowest day of the year came early on January 3, when the national average was just $3.072 gal.

    • The largest daily increase of 2013 happened on November 21, when the average jumped up 8cts over November 20’s average of $3.219 gal. This day-to-day increase is the largest in 3 years; 2012 saw a 4.9ct gal increase from August 28 ($3.756 gal) to August 29 ($3.804 gal.) 2011 had a 5.9ct gal increase from February 24 ($3.228 gal) to February 25 ($3.287 gal.)

    • The largest daily decrease of 2013 happened the day after the biggest daily increase; on November 22, the average decreased 4.8cts gal over November 21’s average of $3.299 gal. This day-to-day increase is almost double that of 2012’s largest daily decrease; on October 25, 2012, the average decreased to $3.599 gal or 2.6cts from the previous day.

    • There were 244 days in 2013 when the daily average decreased from the previous day. This is the most days where the average decreased since 2003, when 262 days saw daily decreases.

    • July 17, 2013 had the biggest increase in average from the same day last year, up 27.3cts gal from July 17, 2012. On October 11, 2013, the country saw the biggest decrease in average from the same day last year, down 44.3cts gal from October 11, 2012.
  • When shaping a perspective on gasoline prices and the events that had the greatest impact in 2013, there’s no question that three events stand above all others:
    >Midwest refinery problems in May that pushed Chicago’s average price to an all-time record of $4.47 per gal.
    >The July 6 disaster in Quebec when a Montreal Maine & Atlantic Railway train hauling 72 tankers of crude crashed and killed 47 people;
    >President Obama threatens a military strike on Syria (August).
    2013 saw the annual spring ‘run up’ get an early start around Jan 21. Refineries began their annual maintenance checks and, concurrently, the national retail average at $3.25 per gallon around Jan 21 climbed steadily to $3.74 by Feb. 27. There's ten eye-opening facts about gasoline prices in 2013 that motorists should see (attached).
    Again in May we saw refinery issues trigger another aggressive climb. Refinery issues on the West Coast and in the Great Lakes region especially propelled the national average from $3.49 around May 4 to $3.68 by May 21.
    July delivered yet another hike and this time it was caused by the Lac Megantic, Quebec train disaster when 72 rail cars on the Montreal, Maine & Atlantic Railway derailed there, leaving a wake of death and destruction. Crude oil prices climbed; gasoline inventory declined and the trend continued with political unrest in Egypt creating concerns about the Suez Canal shipping lanes. The national average price of gas- $3.49 on July 6- spiked to $3.68 by July 19. Following the horrific train crash in Quebec (July 6th) and the international debate over Syria, we saw crude oil prices spike in both instances and retail gas prices followed the same course.
    If we had asked you last spring to predict which U.S. city would see the highest average price in the country during 2013, (it soared to $4.47 in June) most of you would probably have guessed Los Angeles, San Francisco or maybe New York...
    But it was Chicago and that was due to a confluence of refinery problems that plagued the
    Midwest. By June, at one point Milwaukee’s average price of gas was higher than Los Angeles. That’s a rarity we’re not likely to see any time soon. The map below shows the largest single day price increases in 2013, and not surprisingly, all the largest jumps occurred in the Midwest.
    Page 2 of 2 - Still, it’s important to note the positives. All of the weather experts predicted considerably more hurricane activity in 2013, and instead, we saw one of the quietest years on record. That was a blessing because Sandy showed us in 2012 the havoc that one storm can deliver.
    2013 also saw tremendous investment in ‘midstream’ infrastructure, the rail and pipelines necessary to bring more oil & gasoline from robust U.S. energy regions. It’s because of the energy growth; access to cheaper Canadian crudes and long-term fuel conservation trends that we expect 2014 to be a better year.
    Americans spent, on average, $3.60 per gallon in 2012; $3.49 in 2013 and we’re projecting that total will be reduced to $3.39 for 2013… Barring the unforeseeable, we’re confident we’ll all pay slightly less overall.
    For the more than 27 million consumers throughout the U.S. and Canada who now save money every time they buy gas by using the GasBuddy app, approximately two-thirds saved from 20 to 29 cents per gallon versus non-app users. Consumers in Nevada, California and S. Dakota respectively saved 57, 52, and 51 cents per gallon. Illinois app users saved 41 cents per gal.; and New York app users saved 30 cents per gal.
    The map included below shows the savings the average GasBuddy app user could have saved per gallon, averaged throughout 2013. Motorists in California, for example, could have saved as much as $300 in 2013 simply by using GasBuddy’s free app to find the cheapest gasoline.
    GasBuddy estimates it could collectively save motorists over a billion dollars in 2013 if every motorist utilized the free app and shopped around for the best gasoline prices in their area.
    GasBuddy tracks gasoline prices at over 140,000 gas stations in all fifty states and offers a free smartphone app which has been downloaded by millions to help motorists easily find the lowest gasoline prices in their area. In addition, participating GasBuddy members have a chance to win $100 a day in free gasoline.
      • calendar