GasBuddy analysis: Gas price average lower in 2013 than 2012 - WFXG FOX 54 - News Now

Analysis: Americans spent less on gas in 2013 than in 2012

AUGUSTA, GA (WFXG) -

Americans spent less money on gas in 2013 than in 2012, according to an analysis by GasBuddy.com.

The average price of gas per gallon in 2013 was $3.49, while the previous year's average was $3.60, according to data from GasBuddy.com. 

Analysts with the website are predicting Americans will spend even less in 2014 - $3.39 per gallon.

Despite the fact that Americans spent less on gas in 2013, there were three major events that caused temporary spikes in prices. 

In May, Midwest refinery problems pushed Chicago's average price to an all-time record of $4.47 per gallon. Refinery issues on the West Coast and the Great Lakes also triggered a climb in average prices nationwide, from $3.49 around May 4 to $3.68 by May 21. 

The July 6 disaster in Quebec when a Montreal Maine & Atlantic Railway train hauling 72 tankers of crude crashed and killed 47 people also caused a spike in prices. 

And in August, President Obama's threat of a military strike on Syria caused a jump in prices.

GasBuddy tracks gasoline prices at more than 140,000 gas stations in all 50 United States.

Copyright 2014 WFXG. All rights reserved.
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