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I've been telling you people to stop complaining about Global Warming, relax, and invest in oil. Oil ain't goin nowhere. Keep driving.
Last week, the EIA provided its prediction for motor gasoline prices for the 2019 summer driving season. The good news for the consumer is that the EIA predicts that summer 2019 gasoline prices will be 3% lower than the summer of 2018. Most of you know that I love to talk about record-setting activities in the energy sector. Here is another one for you. The EIA forecasts U.S. motor gasoline consumption to approach record levels this summer. In addition, the EIA forecasts the U.S. to be a net exporter of total gasoline during the summer for the first time since 1960. In my opinion, this is significant. It sends a signal to the rest of the world that U.S. refiners can deliver low-cost gasoline. Of course, increased exports improve the trade deficit as well.
https://seekingalpha.com/article/42...tion-forecasted-approach-record-levels-summer
Last week, the EIA provided its prediction for motor gasoline prices for the 2019 summer driving season. The good news for the consumer is that the EIA predicts that summer 2019 gasoline prices will be 3% lower than the summer of 2018. Most of you know that I love to talk about record-setting activities in the energy sector. Here is another one for you. The EIA forecasts U.S. motor gasoline consumption to approach record levels this summer. In addition, the EIA forecasts the U.S. to be a net exporter of total gasoline during the summer for the first time since 1960. In my opinion, this is significant. It sends a signal to the rest of the world that U.S. refiners can deliver low-cost gasoline. Of course, increased exports improve the trade deficit as well.
https://seekingalpha.com/article/42...tion-forecasted-approach-record-levels-summer