Retail Gasoline Price Forecast through 2015
Industry Report - Jan-Feb 2011
Significance of the Data
Over last year there has been very little volatility in world oil market – spot price of 1 barrel of crude oil has remained broadly stable around $70 to $80ALG has increased number of forecasting sources considered for oil prices – consensus continues to indicate less inflation in oil and gas pricesBased on information, ALG lowered annual outlook for average retail regular grade gasoline in 2013 from $3.95 to $3.78ALG now thinks it will take until 2015 for gas prices to once again pass $4 per gallon markOn average, forecast has positive impact on residuals, although there will be marked variations by segmentVehicles w/ low MPG ratings will be most positively impacted, while vehicles w/ high MPG ratings will be negatively impacted
Thursday, January 27, 2011
Automotive Digest: Retail Gasoline Price Forecast through 2015
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