Oil, Gas Prices To Remain Flat Through 2019

Brent crude oil is expected to be an average of $60 per barrel in 2018 and $61 per barrel in 2019, up from the $54 per barrel average in 2017, according to the U.S. Energy Information Administration’s Short-Term Energy Outlook. Global crude oil production is expected to be greater than global consumption, and U.S. production is expected to increase more than any other country.

U.S. gasoline prices, along with oil prices, are expected to be flat through 2019, according to the EIA. The average regular retail gas price is expected to be $2.57 per gallon in 2018, and $2.58 per gallon in 2019, up from $2.42 per gallon in 2017.    MORE

Designed by Reinhold Technology Solutions