- 14 May
Energy Information Administration Projects Avg. Fuel Price $2.86 for 2010
In today’s Short-term Energy Outlook published by the U.S. Energy Information Administration, the independent statistics and analysis organization predicted the Unleaded fuel price annual average will hit $2.86 per gallon for 2010. That’s slightly more than 22% over the 2009 average of $2.35. The report predicts the annual average will rise again in 2011 to $2.98 per gallon.
The report does not blame the Louisiana oil spill for this rise in fuel prices, though it does say there may be a longer term impact on energy supplies, prices, and infrastructure in the region.
As Fuel Managers navigate the gradual rise in fuel prices over the next few years, it’s critical to leverage a fuel pricing software application to make the best strategic decisions from a volume and profit standpoint, day by day.