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Tuesday, December 09, 2014

Gasoline Prices

The government's EIA has released the following projection for gasoline prices:
Driven largely by falling crude oil prices, U.S. weekly regular gasoline retail prices averaged $2.78/gallon (gal) on December 1, the lowest since October 4, 2010. U.S. regular gasoline retail prices are projected to continue declining for the remainder of the year, averaging $2.61/gal in December. EIA expects U.S. regular gasoline retail prices, which averaged $3.51/gal in 2013, to average $3.37/gal in 2014 and $2.60/gal in 2015.