Fuel Projection Report - November 2015

November 12, 2015

Narrowing wholesale gasoline margins contributed to U.S. regular gasoline retail prices declining to an average of $2.29/gal in October, down from an average of $2.60/gal in the third quarter. EIA expects monthly average gasoline prices to continue declining in the coming months as refineries continue to produce high levels of gasoline and as the market transitions to lower-cost, winter-grade gasoline. EIA projects regular gasoline retail prices to average $2.18/gal in the fourth quarter of 2015.