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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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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.

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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/.

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