Its getting trickier to predict the price per barrel of oil and its direct correlation to gasoline and diesel prices much more so than in the 1970s when OPEC could instantly throw a wrench in the gears.
As for this year, three leading energy agencies have reported that production outside of OPEC should be increasing this year with much of that coming from US shale fields.
Black Books Ricky Beggs expects the pattern to be similar to the past two years for gas prices and its effect on small cars, hybrids, and electric vehicles.
New and used truck sales should continue to be strong this year, but they are affected by federal fuel economy standards. Automakers are rolling out more fuel efficient trucks such as the new Ford F150 with a lot more lightweight aluminum.
Find out more about what these trends could mean for new and used vehicle prices this year.
The Article Where Analysts Think Oil Prices Are Headed this Year appeared first on Automotive Digest.