3 Stocks Getting a Lift From Lower Gas Prices

Less money in the tank means more profits for a wide range of companies

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3 Stocks Getting a Lift From Lower Gas Prices

Gas prices fell last year and are forecast to fall even more in 2014. That’s great news for, well, just about everyone. It puts more cash in consumers’ wallets, a good chunk of which gets spent at the nation’s retailers. It also helps any company that buys a lot of gas.

Gasoline185 3 Stocks Getting a Lift From Lower Gas Prices
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AAA and GasBuddy.com project gas prices to be cheaper by about 10 cents per gallon in 2014. Last year, the average price of a gallon of regular gas was $3.49, down from $3.60 in 2012 and lower than the $3.51 seen in 2011, according to AAA.

As much as lower gas prices are a boon for consumers and businesses with high fuel costs, the drop in gas prices is all relative. For most of the last decade, the average price of a gallon of regular gas was well below $3.

Still, there’s no question lower gas prices are good for the economy. Consumers are able to spend the savings elsewhere, while companies catch a break on the cost side of things, which helps profitability.

With that, here are three stocks that will benefit from the continuing slide in gas prices:


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/gas-prices-forecast-2014/.

©2014 InvestorPlace Media, LLC

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