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This Week In Petroleum

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THIS WEEK IN PETROLEUM REPORT RELEASE - May 11, 2011

This Week In Petroleum

The relationship between retail gasoline prices and NYMEX RBOB futures prices

With the national average regular gasoline retail price recently having approached $4 per gallon, there is significant interest in how high gasoline prices may go this summer. The Short-Term Energy Outlook (STEO), released yesterday, presents the U.S. Energy Information Administration's (EIA) forecasts of monthly average gasoline prices. The projected monthly average U.S. regular gasoline retail price in the STEO peaks at $3.88 per gallon in June. However, the STEO recognizes the uncertainty of any price forecast.

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