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- 16 Dec
US EIA predicts lower fuels price averages
In the latest US Energy Information Administration’s Short-Term Energy Outlook report, the EIA projects lower fuels price averages for next year.
The EIA forecasts that the annual average regular-grade gasoline fuel retail price, which was $2.78 per gallon in 2010, will be $3.53 per gallon in 2011 and $3.45 per gallon in 2012. The EIA expects that on-highway diesel fuel retail prices, which averaged $2.99 per gallon in 2010, will average $3.85 per gallon in both 2011 and 2012.
From a fuels price management perspective, it looks like business as usual for 2012 with regard to fuel price trends.
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