Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA).
In the EIA’s May Short-Term Energy Outlook (STEO), which serves as the Base case for analysis, the EIA forecast summer regular retail gasoline prices will average about $3.70/gal.