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Drive much? As U.S. oil production rises, gasoline prices trend lower

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Crude oil production across the United States is expected to jump in 2014, to an average of 8.5 million barrels per day, and gasoline prices are expected to fall, according to the latest short-term forecast from the federal Energy Information Agency (EIA). At the pump, the EIA said it expects 2014 gasoline prices will average about $3.43 per gallon nationwide, down 7 cents from the 2013 average and 20 cents less than the 2012 average, according to the agency’s short-term energy report, released…

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