, Derry, New Hampshire


January 2, 2014

Experts forecast lower gas prices


Gasoline demand may continue to be extraordinarily lumpy, according to GasBuddy. However, a major increase in consumption is improbable in 2014. Demand faces considerable headwinds. U.S. drivers are aging and the fastest growing demographic group includes those over the age of 55, and represents people who will drive less and less.

It is clear that 2014 will continue to see gasoline reign as king of the transportation fuels. But watch for diesel to make some more inroads in mid-decade years. Research confirms as many as 40 new light-duty diesel-fueled vehicles will be introduced between now and the end of 2015. Despite higher street prices, diesel could see its market share of light duty vehicles increase to 3 or 4 percent in relatively short order.

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