Energy Information Administration
In reviewing the Short Term Energy Outlook which was released on August 9th, the below product prices for regular gasoline and diesel pricing were forecast for 2016 and 2017:
Product Prices: “EIA expects the retail price of regular gasoline to average $2.19/gal during the 2016 summer driving season (April through September), 6 cents/gal lower than projected in last month’s STEO and 44 cents/gal lower than the price in summer 2015. EIA expects that the U.S. average retail price of regular gasoline reached a peak of $2.37/gal in June and will fall to an average of $2.05/gal in September and to an average of $1.92/gal in December. The U.S. regular gasoline retail price, which averaged $2.43/gal in 2015, is forecast to average $2.06/gal in 2016 and $2.26/gal in 2017, 6 cents/gal and 2 cents/gal lower, respectively, from the July STEO. The diesel fuel retail price averaged $2.71/gal in 2015. Diesel prices are forecast to average $2.30/gal in 2016 and $2.70/gal in 2017.”
>> Click here to access the entire Short Term Energy Outlook from the Energy Information Administration.