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Update: A Year of Volatility Oil Markets and Gasoline. June 20, 2000 Energy Information Administration. Retail Product Prices Driven by Crude. $34/Barrel. $11/Barrel. Gasoline Prices in Inflation-Adjusted Terms.

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Update: A Year of Volatility Oil Markets and Gasoline

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Update a year of volatility oil markets and gasoline
Update: A Year of VolatilityOil Markets and Gasoline

June 20, 2000

Energy Information Administration



Gasoline prices in inflation adjusted terms
Gasoline Prices in Inflation-Adjusted Terms

Source: BLS Regular Gasoline, EIA Refiners Acquisition Price for Imported Crude Oil


Crude oil prices high but may relax some by year s end
Crude Oil Prices High But May Relax Some By Year’s End

West Texas Intermediate

Sources: History: EIA; Projections: Short-Term Energy Outlook, June 2000.


Eia opec production assumption projects increasing leakage
EIA OPEC Production Assumption Projects Increasing Leakage

Sources: History: EIA; Projections: Short-Term Energy Outlook, June 2000.










Midwest rfg is small fraction of market is unique blend
Midwest RFG Is Small Fraction Of Market & Is “Unique” Blend

East Coast

Midwest

EIA Prime Supplier Data 1999 For Period After MO Entered the Program




Conclusion volatile prices likely in the year ahead
Conclusion: Volatile Prices Likely in the Year Ahead Watched

  • Gasoline markets: Low stocks, high prices, volatility

  • Winter heating fuel: May have low inventories going into winter, resulting in price volatility

  • Natural gas: High prices and supply concerns may impact distillate stock build for winter and can mean high natural gas prices this winter

  • But maybe OPEC will add more supply, stocks will build, and prices will fall


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