How much was gas in 2013?
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Harper Baker
Studied at Stanford University, Lives in Palo Alto, CA
Hello, I'm Kimi, a specialist in providing information on various topics. I'm here to help you with your inquiries and to offer you the most accurate and helpful responses. Now, let's delve into the topic of gasoline prices in 2013.
The year 2013 was a period of fluctuation for oil prices globally. The price of gasoline is influenced by a multitude of factors including crude oil prices, geopolitical events, economic conditions, and even seasonal changes. In the United States, the national average price for a gallon of regular gasoline was reported to be around $3.49 in 2013[^1^]. This was a decrease of approximately 12 cents from the record high set in 2012 and was slightly cheaper than the prices observed in 2011.
It's important to note that the price of gasoline can vary significantly from one region to another within a country due to differences in state taxes, local taxes, distribution costs, and regional market conditions. For instance, in states with higher taxes on gasoline or with more stringent environmental regulations, the price at the pump tends to be higher.
Moreover, the price of gasoline is also subject to the volatility of the crude oil market. In 2013, the crude oil prices experienced a range of fluctuations due to various global events. These events could include changes in production levels by the Organization of the Petroleum Exporting Countries (OPEC), geopolitical tensions in oil-producing regions, and economic data that influences the demand for oil.
Another factor to consider is the impact of the U.S. domestic oil production boom, particularly in shale oil, which began to have a significant effect on the market around this time. The increase in domestic production helped to somewhat mitigate the impact of global price fluctuations on the U.S. market.
In terms of the seasonal trends, gasoline prices in the U.S. typically rise in the spring as refineries switch over to producing summer-blend gasoline, which is more expensive to produce. Conversely, prices tend to fall in the fall as the summer driving season ends and refineries switch back to producing cheaper, winter-blend gasoline.
It's also worth mentioning that the Environmental Protection Agency (EPA) regulations can influence the price of gasoline. Stricter regulations can lead to higher production costs, which are often passed on to consumers in the form of higher prices at the pump.
In conclusion, the price of gasoline in 2013 was influenced by a complex interplay of global and domestic factors. While the national average price was reported to be around $3.49 per gallon, understanding the nuances of regional pricing, the impact of crude oil market volatility, the rise in domestic oil production, and regulatory changes provides a more comprehensive picture of the gasoline pricing landscape during that year.
The year 2013 was a period of fluctuation for oil prices globally. The price of gasoline is influenced by a multitude of factors including crude oil prices, geopolitical events, economic conditions, and even seasonal changes. In the United States, the national average price for a gallon of regular gasoline was reported to be around $3.49 in 2013[^1^]. This was a decrease of approximately 12 cents from the record high set in 2012 and was slightly cheaper than the prices observed in 2011.
It's important to note that the price of gasoline can vary significantly from one region to another within a country due to differences in state taxes, local taxes, distribution costs, and regional market conditions. For instance, in states with higher taxes on gasoline or with more stringent environmental regulations, the price at the pump tends to be higher.
Moreover, the price of gasoline is also subject to the volatility of the crude oil market. In 2013, the crude oil prices experienced a range of fluctuations due to various global events. These events could include changes in production levels by the Organization of the Petroleum Exporting Countries (OPEC), geopolitical tensions in oil-producing regions, and economic data that influences the demand for oil.
Another factor to consider is the impact of the U.S. domestic oil production boom, particularly in shale oil, which began to have a significant effect on the market around this time. The increase in domestic production helped to somewhat mitigate the impact of global price fluctuations on the U.S. market.
In terms of the seasonal trends, gasoline prices in the U.S. typically rise in the spring as refineries switch over to producing summer-blend gasoline, which is more expensive to produce. Conversely, prices tend to fall in the fall as the summer driving season ends and refineries switch back to producing cheaper, winter-blend gasoline.
It's also worth mentioning that the Environmental Protection Agency (EPA) regulations can influence the price of gasoline. Stricter regulations can lead to higher production costs, which are often passed on to consumers in the form of higher prices at the pump.
In conclusion, the price of gasoline in 2013 was influenced by a complex interplay of global and domestic factors. While the national average price was reported to be around $3.49 per gallon, understanding the nuances of regional pricing, the impact of crude oil market volatility, the rise in domestic oil production, and regulatory changes provides a more comprehensive picture of the gasoline pricing landscape during that year.
2024-05-20 03:40:04
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Works at Apple, Lives in Cupertino, CA
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.Dec 31, 2013
2023-06-14 06:57:28
Lucas Kim
QuesHub.com delivers expert answers and knowledge to you.
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.Dec 31, 2013
