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The EIA's Summer Fuels Outlook forecasts average US retail gasoline at $3.84 a gallon from April through September, the highest real gasoline and diesel prices since 2014. It projects Brent crude averaging $106 a barrel this summer, $35 higher than last year.
The forecast of higher crude and fuel prices through the summer points to higher energy and transport costs for feed producers. It also signals stronger expected fuel demand as the US economy recovers.
eia.govApr 19, 2022After 116 past bullish report events, Crude Oil (Brent) moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
