Back to main  Driving Doldrums: Gas Prices on the Rise – Again
2/13/2013 10:14:00 AM Referenced Stocks:  By Jen Alic of  Here
we go again. U.S. gas prices are increasing, with AAA putting
the average price at around $3.50+, and drivers wondering if
they'll ever figure out how to predict prices at the pump. They
won't--because even analysts find it challenging.  Let's try to
simplify, if only to demonstrate why it's impossible to predict
gas prices.  First of all, gas prices rise along with the price
of oil, which itself is driven by a number of things, from basic
supply and demand to Wall Street speculation and unrest in the
Middle East--just for starters.  From December to January, the
price of oil increased 10%. According to the U.S. Energy
Information Administration (EIA), the price of crude oil
accounts for 68% of the price of one gallon of gas. So oil
prices are your biggest factor in attempting to determine
fluctuations in gas prices.  Related Articles: 2013: Cheapest
Gas in 4 Years?  The other determi