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Gas Prices Headed Up, Says Dept. of Energy

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Gas Prices (Pictured: Tesla Model S electric sedan)

The U.S. Dept. of Energy announced this week that gasoline prices would likely rise faster than forecasters had predicted for 2013. Rising crude oil prices and key refinery slowdowns are the suspected culprits, as short-term pump prices are set to make their way to $3.55 per gallon. In 2012, the average annual pump price in the U.S. was $3.63. Diesel prices are expected to follow suit, though will not approach last year’s high, at least for the next several months.

Gas Prices: Video

After reading the latest gasoline price report from the DOE, there could be no more appropriate time to gaze into the future, imagining a life without the need for liquid fuel. Enter Tesla Motors. For a rare look at a Tesla spec commercial, the video clip below shows the Model S in all its glory, as it “introduces the future,” with its sleek looks and super-efficient operating ability. Though just a half-minute in length, the spot does a comprehensive job of highlighting the electric sedan’s key features, conveying a sense of mystery and expectation about what the future might hold. A solid conceptual argument for electric cars in general, the masterfully done ad exudes the Tesla vibe from beginning to end.

Gas Prices Headed Up

DOE forecasters predict that gasoline prices will top out around $3.73 per gallon just before summer. The month of May typically sees the highest gas prices each year. Various market-driven causes are behind the climb, though most are based on buying cycles and annual introduction of summer-grade fuels. For the past several years, U.S. gasoline demand has been relatively steady at approximately 8.7 million barrels per day. The DOE makes regular projections about the long- and short-term prices of various fuels.

For more about U.S. electric automaker Tesla Motors, see the company’s official corporate website:

Larry Bell writes about cars, gadgets, business, and history. He has been a professional writer and editor for over 20 years and enjoys all car-related topics, especially electric and hybrid vehicle news. Larry covers the auto industry for MPA and often reports live from the floor of major shows in Detroit, LA, San Francisco, Phoenix, Las Vegas and elsewhere.

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