Mike
Well-Known Member
We may see lower diesel fuel retail prices this summer than last summer.
Diesel fuel retail prices will average $3.09 per gallon this summer, predicts the Energy Information Administration in its recently issued 2019 Summer Fuel Outlook.
Last summer the average diesel fuel retail price was $3.22 per gallon. The five-year average price for diesel fuel is $2.95 per gallon.
The EIA expects consumption of distillate fuel, which includes diesel fuel and heating oil, to average 4.1 million barrels per day this summer. That would be 24,000 barrels per day more than last summer’s consumption. It also would be the highest summer distillate consumption since 2007, according to the EIA.
Last year’s increased consumption was caused by a combination of more economic growth, industrial output, international trade activity, and oil and natural gas drilling activity, the EIA reports. Those factors are expected to continue, though at a slower pace, this summer.
Summer may bring lower diesel fuel retail prices
Diesel fuel retail prices will average $3.09 per gallon this summer, predicts the Energy Information Administration in its recently issued 2019 Summer Fuel Outlook.
Last summer the average diesel fuel retail price was $3.22 per gallon. The five-year average price for diesel fuel is $2.95 per gallon.
The EIA expects consumption of distillate fuel, which includes diesel fuel and heating oil, to average 4.1 million barrels per day this summer. That would be 24,000 barrels per day more than last summer’s consumption. It also would be the highest summer distillate consumption since 2007, according to the EIA.
Last year’s increased consumption was caused by a combination of more economic growth, industrial output, international trade activity, and oil and natural gas drilling activity, the EIA reports. Those factors are expected to continue, though at a slower pace, this summer.
Summer may bring lower diesel fuel retail prices