07 Mar '12, 10pm

What Makes Gasoline Prices Go Up?

Energy Information Administration, Petroleum Supply Monthly The United States exported more petroleum products than it imported last year. On the day after Super Tuesday, the federal Energy Information Administration came out with a striking fact: in 2011, the United States, for the first time since 1949, exported more petroleum products than it imported. On the big primary voting day, the same agency delivered news that might be even more relevant to current campaign oratory: the rise in gasoline prices is expected to continue. Its short-term forecast seemed particularly bleak: “During the April through September summer driving season this year, prices are forecast to average about $3.92 per gallon with a peak monthly average price of $3.96 per gallon in May.” The current average price for regular-grade gasoline is $3.74; the forecast could make $4 or $4.50 gasoline inevi...

Full article: http://green.blogs.nytimes.com/2012/03/07/what-makes-gaso...

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Energy Information Administration, Petroleum Supply Monthly The United States exported more petroleum products than it imp...

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