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Non-OPEC production growth in the forecast is led by the United States, Brazil, Canada, Guyana, and Norway. EIA forecasts US regular gasoline prices will average about $3.63 Higher gasoline prices are largely the result of higher crude oil prices and a series of unplanned US refinery outages so far this summer. per gallon.
The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.
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