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Explore the 2024 fuel price forecast and trends, including insights on whether propane, diesel and heating oil prices are rising or falling. Learn more!
Oil prices are forecast to average $80/bbl in the last quarter of 2024. October 15, 2024. There could be a sustained geopolitical premium in crude prices until tensions resolve, according to J.P. Morgan Commodities Research. What is the outlook for oil prices? What are the immediate factors affecting the oil market? Key takeaways.
We estimate that U.S. households that use heating oil for space heating will consume an average of about 400 gallons of heating oil this winter, or 4% more than last winter, but we expect heating oil prices will be lower this winter, averaging $3.50/gal, down 9% from last winter.
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published October 2024.
The October 2023 edition of the Short-Term Energy Outlook (STEO) includes the Winter Fuels Outlook with a detailed forecast for U.S. residential heating oil (and natural gas, propane, and electricity) prices, average household heating fuel consumption and expenditures, and the number of households that use each type of heating fuel by region ...
Heating oil - data, forecasts, historical chart - was last updated on November 9 of 2024. Heating Oil decreased 0.26 USD/GAL or 10.38% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
EIA forecasts crude oil prices will increase through 2024 as demand rises above supply. tags: STEO consumption/demand crude oil liquid fuels oil/petroleum prices + production/supply.