
The data was presented by NTEA’s Steven Latin-Kasper, senior director of market data and research.
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Analysts contend that the crude oil supply-and-demand imbalance will be righted just as soon as the price climbs high enough to compel U.S. shale-oil drillers to again ramp up production.
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A new fuel price forecast from the U.S. Energy Department shows little change from expectations a month ago for the price of diesel, but the outlook for gasoline has moved a little higher.
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Expectations for diesel and gasoline prices for next year have been revised lower, according to the latest Short Term Energy Outlook issued this week by the U.S. Energy Department.
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The U.S. Energy Department this week revised its expectations for fuel prices this year, but they aren’t expected to go wildly higher.
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With the price of oil being highly unpredictable it only makes sense for commercial and government fleets to choose natural gas-powered vehicles, according to NGVAmerica President Matt Godlewski.
Read More →The U.S. Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for this month.
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AAA’s latest Fuel Gauge Report shows little movement since last week in the average price for a gallon of regular unleaded gasoline, nearly unchanged at $3.62 on June 3. This price is still 10 cents more than it was a month ago, and three cents higher than it was on June 3 last year.
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David Ruggles, an industry analyst, says that understanding oil as a world commodity is a key to understanding U.S. gas prices.
Read More →AAA said that areas in the center of the U.S. using gasoline from refineries with access to less expensive crude oil are seeing prices hold steady or even drop.
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