Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on May 14.
In our May Short-Term Energy Outlook (STEO), which serves as the Base case for our new analysis, we forecast summer regular retail gasoline prices will average about $3.70/gal.
The new analysis, a Perspectives supplement to our May STEO, presents a High Refining Cost scenario, which examines:
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