US Summer Gasoline Prices Could Increase from Higher Refining Costs

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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 response to an evaluation we printed on Could 14.

In our Could Short-Term Energy Outlook (STEO), which serves because the Base case for our new evaluation, we forecast summer time common retail gasoline costs will common about $3.70/gal.

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

• The potential results of decrease gasoline yieldsprimarily based on restricted manufacturing of high-octane gasoline blend components
• 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 printed on Today in Energy.