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July 16, 2012
EIA Lowers Regular Gas Retail Price Forecast for Third Quarter

WASHINGTON — And natural gas prices to average $2.58 per MMBtu in 2012

WASHINGTON — With crude oil prices falling over the last month, the Energy Information Administration (EIA) has lowered the average regular gasoline retail price forecast for the third quarter of 2012 to $3.39 per gallon, according to the agency’s latest Short-Term Energy Outlook.

EIA expects these prices, which averaged $3.53 per gallon in 2011, to average $3.49 per gallon in 2012 and $3.28 per gallon in 2013.

U.S. total crude oil production is expected to average 6.3 million barrels per day (bbl/d) in 2012, an increase of 0.6 million bbl/d from last year, and the highest level of production since 1997.

EIA projects the West Texas Intermediate (WTI) crude oil spot price to average about $88 per barrel over the second half of 2012 and the U.S. refiner acquisition cost (RAC) of crude oil to average $93 per barrel, both about $7 per barrel lower than last month’s Outlook.

November 17, 2011
Natural Gas Prices Continue to Fall in October

WASHINGTON — The Henry Hub spot price for natural gas averaged $3.56 per MMBtu in October, 34 cents lower than the September average, according to the U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook report released Nov. 8.

This month’s Outlook lowers the 2011 forecast by 6 cents to $4.09 per MMBtu and lowers the 2012 forecast by 19 cents to $4.13 per MMBtu compared with last month’s report.

Even while the delivered cost of natural gas continues to decline, EIA expects the cost of coal delivered to electric generators to increase by 6.4% during 2011. The net effect will be relatively modest growth in retail electricity prices over the forecast horizon, the report says.

For route drivers, EIA forecasts that the annual average regular-grade gasoline retail price, which averaged $2.78 per gallon in 2010, will increase to an average of $3.54 per gallon in 2011, before declining to an average $3.46 per gallon in 2012. The agency expects that on-highway diesel fuel retail prices, which averaged $2.99 per gallon in 2010, will average $3.84 per gallon in 2011 and $3.79 per gallon in 2012.

September 26, 2011
Energy Prices Continue to Fall

WASHINGTON — The Henry Hub spot price averaged $4.05 per MMBtu in August, 37 cents lower than the July average, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook report. This month’s report lowers the 2011 forecast by 4 cents to $4.20 per MMBtu and lowers the 2012 forecast by 11 cents to $4.30 per MMBtu, the report says.

Part of this downturn is due to natural gas consumption for electric power generation falling from 29.7 billion cubic feet per day (Bcf/d) in July to 29.2 Bcf/d in August, as July’s extreme temperatures eased, EIA says. Still, the administration expects that total natural gas consumption will grow by 1.8% to 67.3 Bcf/d in 2011.

April 28, 2011
Energy/Fuel Outlook: Stability And Volatility

WASHINGTON — The prices for natural gas and electricity remain stable, while regular-grade gasoline continues to climb, according to the most recent U.S. Energy Information Administration (EIA) short-term energy outlook.

Natural gas working inventories ended March 2011 at 1.6 trillion cubic feet (Tcf), slightly below the 2010 end-of-March level. EIA expects that working gas inventories will remain relatively high throughout 2011.

March 16, 2011
Rising Gasoline Costs Taking Center Stage

WASHINGTON — With winter ending and natural-gas prices holding steady, operators are focusing on the skyrocketing cost required to drive their routes.

Motorists currently experiencing a jump in pump prices will likely see further increases from now through spring since the recent increase in crude oil has not yet been fully passed through to gasoline prices, according to the U.S. Energy Information Administration’s (EIA) latest short-term energy outlook.

December 15, 2010
Natural-Gas Prices Expected to be Lower in 2011

WASHINGTON — While 2010 natural-gas prices will end up slightly higher than 2009 prices, 2011 prices are trending just a bit lower than this year’s prices, according to the latest Energy Information Administration (EIA) short-term energy outlook.

The projected Henry Hub natural-gas spot price should average $4.37 per million Btu (MMBtu) for 2010, a $0.42-per-MMBtu increase over the 2009 average. EIA expects the Henry Hub spot price to average $4.33 per MMBtu in 2011.

September 22, 2010
Lower Economic Expectations Fuel Natural Gas Price Projections

WASHINGTON — As fall nears, laundry owners may be looking at slightly lower-than-expected costs for natural gas, according to the most recent U.S. Energy Information Administration (EIA) Short-Term Energy Outlook.

The government projections reflect updated expectations for economic activity, with forecasted U.S. real gross domestic product (GDP) growth of 2.8% in 2010 and 2.3% in 2011, down from the previous growth projections of 3.1% and 2.7%, respectively.

August 20, 2008
EIA’s Short-Term Energy Outlook Shows Decrease in Natural Gas Prices

WASHINGTON — The Energy Information Administration (EIA), the government's energy statistical arm, released its short-term energy outlook Aug. 12, reporting a slight decrease in the price of natural gas as well as gasoline and diesel fuel.

October 3, 2007
Higher Energy Costs Ahead, Government Says

WASHINGTON, D.C. — Consumers may pay record prices for heating oil and natural gas this winter, according to a report from the National Energy Assistance Directors’ Association (NEADA).

Heating-oil consumers will see the worst price increases, with an expected 10.5% rise from last winter. Natural-gas customers can expect to pay 5% more, and those who use electric power to heat their homes and businesses are likely to see a 7% increase.