Summer Fuel Price News
Summer Fuel Price News - With spring fast upon us, projections from experts are abundant on what to expect when it comes to vehicle gas prices as we look ahead to summer. One thing’s for sure: the new Trump administration will affect market dynamics – it’s just not clear yet in which ways. According to Alan Levine and Brian Milne, here are the latest opinions on crude, gasoline, diesel (heating oil), propane and natural gas as reported by Fuel Marketer News (FMN). Crude As of now, crude is at between $50 and $55 per barrel, with an abundant supply of crude not only in the United States but throughout the world as well. Many factors may stabilize crude prices in the coming months. One of those points to OPEC’s recent production cuts which are keeping prices up. There are claims of high levels of compliance by overseas producers, mainly from Saudi Arabia and maybe even Russia. Saudi Arabia has said they would be open to deeper cuts in production if cheating goes on the rise again. On a related note, shale oil technology is getting even more efficient each year, but it’s still more costly than conventional oil. Gasoline [...]