- 25 Oct
Media Setting Expectations of Lower Gas Prices
One of the components of fuel price management strategies is the public expectations of short term future trends in gas prices. Public expectations of gas prices are influenced by the most recent news articles. Today MSNBC.COM published an article setting expectations that gas prices will likely lower throughout the remaining months of the year. The article cites the US Energy Information Administration as saying gas prices should decrease through the beginning of the new year. Patrick DeHaan, Senior Petroleum Analyst at GasBuddy, is cited as saying he expects gas prices to possibly lower to $3.25 by the end of the year.
The article goes on to explain that fuel prices should lower due to decreased demand in the winter months, and the lower cost of winter fuel.
Obviously this article isn’t enough to base an entire fuel price management strategy on, but it is a key piece of information worthy of attention. Articles like these lead to drivers keeping an eye out for lower fuel prices, and to some degree asking what is taking so long for gas prices to lower.