POSTED: Monday, January 14, 2013 - 4:51pm
UPDATED: Tuesday, January 15, 2013 - 7:44am
BROWNSVILLE — AAA Texas forecasts prices in 2013 will be lower, compared to last year’s prices as a result of an increase in domestic oil production and a lower demand for fuel, but the most important influence would be the U.S. economy.
"AAA expects the single biggest factor to influence gas prices in 2013 will be the sprint of the U.S. economy stronger than expected growth in the economy would result in higher oil and gas prices and an anticipation of higher consumption…A weaker than expected economy would drive prices downward."
Doug Shupe says currently the U.S. economy is not at its best, which means people have tightened their budgets.
"What we’re seeing right now is that we're in an economy that still just kind of… treading water it’s not making huge improvements right now so… that's why a lot of folks are cautious about how they are spending their dollars, when it comes to driving their being more conscientious about travel budgets."
A Brownsville resident agrees by saying she too had to budget her travels.
"Yes, we had to come down to a 4 cylinder vehicle because gas prices being close to the 4 dollars per gallon."
According to the energy department the average house hold can save about $200 a year with this year’s drop in gas prices. What would you do with your extra $200 dollars?
"Just saving up the money"
"Pay for my schooling"
"I'd definitely be going more places...but yea it's a good thing that the prices are going low."
Reporting from Brownsville, Abigail Camilo KVEO Newscenter 23.