"U.S. Pump Prices Seen Setting 2013 Low as Supply Swells: Energy"

"U.S. gasoline pump prices are poised to reach their lowest level this year as supply expands to a two-decade seasonal high and winter curbs demand."

"Retail prices sank to a 33-month low of $3.179 a gallon on Nov. 11 before rebounding to $3.287 by Nov. 26. The average price has since fallen in 18 of the past 21 days to $3.216, according to AAA, the largest U.S. motoring club. Wholesale gasoline in markets from Chicago to Texas dropped to as low as 43.75 cents below futures last week, indicating consumers may spend less to fill their tanks through the New Year."

Barbara Powell reports for Bloomberg News December 18, 2013.

Source: Bloomberg, 12/20/2013