EIA Raises Gasoline Price Forecast

September 18, 2012 08:50 AM
 

The U.S. Energy Information Administration (EIA) released its Short-term Energy Outlook today. The report says higher crude oil prices, refinery outages, a pipeline disruption and Hurricane Isaac all contributed to higher gasoline prices in the month of August. EIA raised the average regular-gasoline retail price forecast for the third quarter of 2012 to $3.66 per gallon, up $0.17 from $3.49 previously. The report expects retail gasoline prices to soften later this month as the market transitions from summer-grade to winter-grade gasoline specifications. Regular gasoline price forecasts put the fourth quarter at $3.58 and lower for first quarter 2013 to $3.43.

Click here for more inputs-related news.

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close