US Summer time Gasoline Costs Might Enhance from Greater Refining Prices

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Common month-to-month costs for regular-grade retail gasoline in america may enhance by greater than 10 cents per gallon (gal) if refinery output is decrease than anticipated, in accordance with an evaluation we revealed on Could 14.

In our Could Quick-Time period Vitality Outlook (STEO), which serves because the Base case for our new evaluation, we forecast summer season common retail gasoline costs will common about $3.70/gal.

The brand new evaluation, a Views complement to our Could STEO, presents a Excessive Refining Price situation, which examines:

• The potential results of decrease gasoline yields, based mostly on restricted manufacturing of high-octane gasoline mix elements
• The affect of widening variations between retail costs on the East and West Coasts and the Gulf Coast
• The affect of upper regional retail gasoline costs, elevated gasoline imports, and barely much less gasoline consumption

Principal contributors: Jeff Barron, Kevin Hack

First revealed on At present in Vitality.