HVAC Breaking News

Aug. 17, 2009: Gasoline Prices Are Rising Again

August 17, 2009
/ Print / Reprints /
ShareMore
/ Text Size+

WASHINGTON - Crude oil prices continue to be volatile and, because of that, HVACR contractors can expect the price of gasoline, which had been falling, to rise back up and possibly reach the early summer peak. That’s the latest outlook from the U.S. Department of Energy’s (DOE’s) Energy Information Administration (EIA).

According to the EIA’s Short Term Energy Outlook, the average price in the United States for regular-grade gasoline, which reached an earlier summer peak of $2.69 per gallon in EIA’s June 22 weekly survey, fell by more than 20 cents per gallon in four weeks following the July drop in crude oil prices but is now bouncing back as the recent rebound in crude oil prices is passed through to retail markets. Gasoline prices will be strongly influenced by any changes in crude oil prices and, based on recent price volatility, could approach the June 22 peak later this summer.

EIA expects the annual average regular-grade gasoline retail price in 2009 to be $2.34 per gallon. Higher projected crude oil prices next year are expected to increase the average price to $2.66 per gallon in 2010. The annual average diesel fuel retail price is expected to be $2.46 per gallon in 2009 and increase to $2.84 per gallon in 2010.

Publication date: 08/17/2009

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts

ACHRNEWS

NEWS 09-22-14 cover

2014 September 22

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con