Will Gas Prices Continue To Drop in 2014? - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Will Gas Prices Continue To Drop in 2014?

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Gas prices were lower across the nation in 2013 than we've seen the past couple years at the pump and www.GasBuddy.com says that trend will continue this year.

According to GasBuddy.com, the average price for a gallon of gas was $3.60 in 2012. And in 2013, that number dropped eleven cents.

GasBuddy is predicting the average price will be $3.39 this year.

Peter Krueger, with the Nevada Petroleum Marketers Association, says there are a few unpredictable factors that could cause prices to spike again.

"It's the foreign nature of globalism and all that. All we need is the Iran thing to not go the way we thought or some other thing or it could be a natural disaster."

Of course, those types of tragedies nobody can truly predict.

Krueger says the main reason we didn't see a huge spike in prices at the pump in 2013 was because of the relatively mild year we had when you look at the lack of natural disasters or conflicts in the Middle East. 

Other factors can affect gas prices, though, like what time of year it is. Come spring or early summer, Krueger says will see a small increase because gas costs more to produce. "The summer time blend, traditionally, is more expensive," says Krueger. "There are more additives required for air quality and those kind of things, gets into revapor pressure and things like that but it is a more expensive gas."

The interview airs in its entirety on my weekend show Face the State which airs Saturday at 3:30pm and Sunday at 6:30am and 4pm.

Written by Chris Ciarlo

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