Gas prices rise

People line up at the Kroger on West State street to get gas as prices rise.

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Experts predict slightly higher gas prices for 2013

Updated: Monday, 03 Dec 2012, 6:33 PM EST
Published : Monday, 03 Dec 2012, 5:32 PM EST

FORT WAYNE, Ind. (WANE) - Gas prices in the Fort Wayne area have been on a decline for the last couple days, but experts say don't get used to it.

Around town, gas prices have ranged between $3.13 to $3.29 a gallon for regular unleaded. Nationally, AAA reports an average for regular unleaded of $3.38 a gallon. Statewide, it's slightly higher at $3.39 a gallon. Analysts say there are a couple reasons for the decline in prices.

"This is a combination of very aggressive pricing strategy stations have and in some cases, looks like some price wars have broken out in some areas leading to lower prices," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.

DeHaan said experts are keeping a close eye on Congress right now. He said the so called "fiscal cliff" could have an affect on gas prices if nothing is resolved before 2013.

"When the economy is good, people consume more petroleum," he said. "If we don't have the fiscal cliff issue resolved, then the economy could slow down and demand can drop for gasoline, leading to price drops."

He said even if the fiscal cliff is solved, 2013 prices are expected to be a little higher than 2012, but it's still too early to tell how the market will shift.

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