{"id":62589,"date":"2015-04-09T06:23:09","date_gmt":"2015-04-09T11:23:09","guid":{"rendered":"https:\/\/thevwindependent.com\/news\/?p=62589"},"modified":"2015-04-09T06:23:09","modified_gmt":"2015-04-09T11:23:09","slug":"summer-gas-price-forecast-looking-good","status":"publish","type":"post","link":"https:\/\/thevwindependent.com\/news\/2015\/04\/09\/summer-gas-price-forecast-looking-good\/","title":{"rendered":"Summer gas price forecast looking good"},"content":{"rendered":"

Gasoline price information<\/i><\/p>\n

CHICAGO — Through the first quarter of 2015 retail gasoline prices climbed highest in California and the Great Lakes region, but overall it\u2019s been a subdued climb across the rest of the U.S., with the national average price of gasoline rising 45 cents per gallon since the New Year.<\/p>\n

\u201cWhile California\u2019s average reached a 2015 high point of $3.44 earlier this year, and the Great Lakes states saw spikes due to multiple refinery problems in the Midwest, we believe we may have already seen the 2015 peak for the U.S. when the national average hit $2.47 per gallon on March 6,\u201d said Patrick DeHaan, senior petroleum analyst with GasBuddy.<\/p>\n

On average, consumers today are saving $1.10 a gallon this year versus last year and it\u2019s highly possible that summer gasoline purchases could bring even greater savings.<\/p>\n

\"Gasoline<\/a>\u201cOnce refineries complete their scheduled maintenance seasons and switch to summer formulations is complete, their output typically increases,\u201d said DeHaan. \u201cBarring any unforeseen events — like refinery breakdowns or hurricanes — current supply and demand fundamentals could put more downward pressure on retail prices even during the summer driving season.\u201d<\/p>\n

Looking ahead at the second quarter, GasBuddy projects the national average price of gasoline will range as follows: April: $2.25 to $2.45 May: $2.20 to $2.40 June: $2.15 to $2.35<\/p>\n

Hot spots may exist in areas that require reformulated gasoline (Los Angeles, New York City, Chicago, etc.) but most of the country should see prices during Q2 that range from 75 cents to $1.25 per gallon below their 2014 levels.<\/p>\n

\u201cWe know that our assessment challenges the conventional thinking that believes retail fuel prices always run highest during the summer driving season, but in recent years we\u2019ve seeing a paradigm shift,\u201d DeHaan noted. \u201cDespite the transition to summer blend fuel and the accompanying price hike that delivers annually, the national average has peaked \u2018early\u2019 for the past three years.\u201d<\/p>\n

The 2014 peak occurred in late April ($3.70). In 2013 it peaked in February ($3.74); and in 2012 it peaked again in April ($3.92).<\/p>\n

\u201cWhen it comes to fuel production everyone recognizes that current inventory levels exceed global demand but at the same time, between the major producers in North America and OPEC, nobody is willing to be the first to reduce output,\u201d added Gregg Laskoski, another senior petroleum analyst with GasBuddy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gasoline price information CHICAGO — Through the first quarter of 2015 retail gasoline prices climbed highest in California and the Great Lakes region, but overall it\u2019s been a subdued climb across the rest of the U.S., with the national average price of gasoline rising 45 cents per gallon since the New Year. \u201cWhile California\u2019s average […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-62589","post","type-post","status-publish","format-standard","hentry","category-news"],"publishpress_future_action":{"enabled":false,"date":"2026-08-04 04:46:27","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/62589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/comments?post=62589"}],"version-history":[{"count":0,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/62589\/revisions"}],"wp:attachment":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/media?parent=62589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/categories?post=62589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/tags?post=62589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}