EIA Raises Price Forecast for Gasoline, Crude Oil
NEW YORK -- The Energy Information Administration (EIA) raised its outlook for this year's gasoline and crude oil prices.
Regular gasoline prices are expected to average close to $2.70 a gallon in July. The annual average regular gasoline price in 2009 is expected to be $2.33 per gallon, according to a report by the Wall Street Journal.
Crude oil prices are expected to average $58.70 a barrel this year, according EIA. The agency had forecast $52 a barrel a month ago. It also raised the outlook for next year's crude price to $67.42 from $58.
Related News:
Rollercoaster Gasoline Prices Take Fuel Margins on a Rough Ride
ExxonMobil CEO: Fossil Fuels to Stay
Regular gasoline prices are expected to average close to $2.70 a gallon in July. The annual average regular gasoline price in 2009 is expected to be $2.33 per gallon, according to a report by the Wall Street Journal.
Crude oil prices are expected to average $58.70 a barrel this year, according EIA. The agency had forecast $52 a barrel a month ago. It also raised the outlook for next year's crude price to $67.42 from $58.
Related News:
Rollercoaster Gasoline Prices Take Fuel Margins on a Rough Ride
ExxonMobil CEO: Fossil Fuels to Stay