# EIA: Short-Term Energy Outlook - Fuels Market News

> The EIA's April Short-Term Energy Outlook forecasts US regular gasoline retail prices averaging $2.74/gal for the April-September summer driving season, up from last summer. It projects Brent averaging about $63/b in 2018 and 2019 after a March average of $66/b, and US crude production reaching a record 10.7 million b/d in 2018.

- Date: 2018-04-12 · published 2018-04-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65697-eia-short-term-energy-outlook-fuels-market-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher forecast crude and gasoline prices raise diesel and transport costs for feed mills and farms. Rising US output and a lower Brent forecast point to ample crude supply, which limits upside in energy costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-09-12 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/63219-eia-short-term-energy-outlook-fuels-market-news.md) | +0.8% | +8.2% |
| WTI | 2018-10-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/62749-eia-short-term-energy-outlook-fuels-market-news.md) | -3.6% | -16.6% |
| WTI | 2017-10-12 | [EIA: October Short-Term Energy Outlook - Mansfield Energy](https://feedsoft.ai/events/68646-eia-october-short-term-energy-outlook-mansfield-energy.md) | +1.5% | +10.8% |
| WTI | 2017-12-13 | [EIA Short-Term Energy Outlook: Petroleum Products - Mansfield Energy](https://feedsoft.ai/events/67669-eia-short-term-energy-outlook-petroleum-products-mansfield-energy.md) | +0.6% | +11.7% |
| WTI | 2022-11-03 | [EIA: What's Behind the Rapid Increases in Diesel Prices? - Fuels Market News](https://feedsoft.ai/events/7919-eia-what-s-behind-the-rapid-increases-in-diesel-prices-fuels-market-news.md) | -4.7% | -9.9% |
| BRENT | 2018-09-12 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/63219-eia-short-term-energy-outlook-fuels-market-news.md) | +0.6% | +8.2% |
| BRENT | 2020-01-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/55279-eia-short-term-energy-outlook-fuels-market-news.md) | -1.5% | -12.5% |
| BRENT | 2022-03-31 | [Statement about Oil Market Report data - IEA](https://feedsoft.ai/events/42181-statement-about-oil-market-report-data-iea.md) | -11.9% | -6.8% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/eia-short-term-energy-outlook-13/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.