Gasoline Prices Predicted to Fall in 2013

(NEW YORK) — At least gasoline should cost you less in 2013. Hamburger, health care and taxes are all set to take a bigger bite out of the family budget this year. But drivers’ annual gas bills are expected to drop for the first time in four years. Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices. The lows will be lower and the highs won’t be so high compared with a year ago. The average price of a gallon of gasoline will fall 5 percent to $3.44, according to the Energy Department. “Everything is lining up to lead to softer prices this year,” said Tom Kloza, chief oil analyst at the Oil Price Information Service. (MORE: 2013 Gas Price Forecast: Around $4 Per Gallon by Spring) That would still be the third-highest average price ever. But a discount of 19 cents per gallon from 2012 would save the typical household $205 this year an...