August 2001

Trends and Resources

HP Impact: HPImpact: EIA forecasts U.S. energy 2002 outlook

Significant near-term trends in U.S. energy pricing, supply and demand are identified in a recent outlook from the Energy Information Administration (EIA). The following are highlights of the report's..

Weirauch, Wendy, Hydrocarbon Processing Staff

Significant near-term trends in U.S. energy pricing, supply and demand are identified in a recent outlook from the Energy Information Administration (EIA). The following are highlights of the report's major findings. Table 1 provides an economic picture of the energy landscape. The entire forecast can be viewed at EIA's Website: www.eia.doe.gov. Gasoline prices. EIA's July 2 survey of U.S. retail gasoline prices found regular gasoline at an average level of $1.47/gal, 24 cents below the high of $1.71/gal reached during the week of May 14. The downturn in retail prices followed the sharp reversal in spot gasoline prices that resulted from dramatic gasoline production during April and May.

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