-
- 21 Aug
Experts Predict Lower Gasoline Prices After Labor Day
A number of articles in the press are proclaiming that experts predict retail gasoline prices will drop after Labor Day. For example, in the Houston Chronicle, Tom Kloza, the chief oil analyst at OPIS is quoted as saying “I suspect the last 100 days of the year will see a strong trend toward lower retail gas prices. That may be the case even if crude drifts a bit higher.”
The most common reasons given for the predicted lower gasoline pricing is the decreased demand after the summer months, and the seasonal shift to less expensive winter blends. Of course those in the industry know this is the standard pattern for retail gasoline prices every year.
From a fuel price management perspective, the fuel manager’s gasoline pricing strategy should include the expectation of a downward trend in retail fuel prices. That’s what the consumer is now expecting.
Comments are closed.
