By John W Schoen With more Americans hitting the road as the summer driving season kicks off, they’re paying a lot more attention to the price of gasoline at the pump. And with prices spiking in several parts of the country, a lot of drivers are wondering why they are suddenly shelling out more to… Keep reading →
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Rising North American oil production helped to bring down oil, gasoline and diesel prices in 2012, and prices will continue to fall in 2013-2014, according to the Energy Information Administration (EIA). The EIA has forecast in its latest Short-Term Energy Outlook (STEO) that US benchmark crude oil West Texas Intermediate will average $93.17 per barrel… Keep reading →