- 07 Feb
US EIA predicts unleaded fuel prices to average $3.55 in 2012
Today in their Short-Term Energy Outlook report, the US Energy Information Administration announced they expect unleaded fuel prices for 2012 to average $3.55 per gallon. That would be a $.03 increase over the unleaded fuel price average in 2011. The USEIA expects that from April through September, fuel prices will average approximately $.07 per gallon higher than the overall average for the year. The report also says there is a 25% chance that average unleaded fuel prices will be above $4 per gallon in June.
From a fuel price management perspective, if these predictions prove to be true, 2012 fuel prices will not be enough different than 2011 to have a dramatic change on fuel volumes compared to 2011.