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million b/d. Gasoline prices last year dipped to average $2.35/gal after peaking in 2008 with an annual average pump price for unleaded gasoline of $3.26/gal. OGJ forecasts that a small increase in business travel this year will boost
margins and currently projects spot prices at $2.94[/gal] by Labor Day. This translates to a national average pump price of about $3.70/gal for regular unleaded,” Brown and Thies said.
consumption in 2008, and a poll commissioned by UFIP seems to point to their continuing to do so despite low prices at the pump . Price , demand changes Soaring oil prices in spring 2008 changed the behavior of drivers. Consumption remained stable until
Inventories of motor gasoline finished the first half near the midpoint of the 5-year range. OGJ forecasts that the pump price for all types of gasoline in the US will average $3.67/gal this year, including taxes of 43.6¢/gal. Retail
margins and currently projects spot prices at $2.94[/gal] by Labor Day. This translates to a national average pump price of about $3.70/gal for regular unleaded," Brown and Thies said. Contact Nick Snow at firstname.lastname@example.org.
gasoline prices have declined. OGJ forecasts that the pump price for all types of motor gasoline in the US will average $2.30/gal this year. Last year the pump price of regular and premium unleaded gasoline averaged $3.317/gal, according to EIA
plentiful inventories of products, including motor gasoline, jet fuel, distillate, and residual fuel oil. The OGJ pump price of self-serve unleaded motor gasoline averaged $2.802/gal in the second quarter of this year, up from $2.29
2004 and with the gasoline crack giving back some of its recent gains, there should be some more improvement in the pump price for the US customer." Paul Horsnell, Barclays Capital Inc., London, said, "Although the pace of decline in commodity
Deutsche Bank, Washington, DC, said, “There is a very strong rise in negative correlation between the gasoline pump price and demand at prices above $3.50/gal, equivalent to around $3/gal on the New York Mercantile Exchange gasoline contract
While strong pump prices will keep demand in check, any recovery in US employment will help boost demand. The average pump price for regular unleaded gasoline in 2010 was about $2.76/gal vs. $2.33/gal a year earlier. In 2008, record