OPIS Predictions

OPIS Predictions

• Jun 22, 2012
• John Keller
• 0

OPIS suggests fuel prices may drop to $3 by Halloween

Tom Kloza, Chief Oil Analyst at OPIS says there are multiple indications that gas prices could hit $3 per gallon by Halloween “and certainly by Thanksgiving”. Slumping wholesale gasoline contracts for fall delivery, oil inventories at 21 year highs, and low consumer demand are the key indicators cited.

From a fuel price management perspective, this may be what the industry needs to recoup the poor margins seen throughout the early part of the calendar year.

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