Insight
Are motorists set to see a repeat of 2014’s gasoline price reprieve?
Report summary
The current high gasoline prices resemble those last seen in 2014, could we see a repeat of the price reprieve that later followed? Despite the similarities, the chances of history repeating itself and pump prices dropping are remote. For prices on the forecourt to drop, the cost of crude oil needs to weaken. This seems unlikely given continued oil demand growth and US sanctions on Iranian crude. As such, high pump prices look set to be here to stay in the near term.
Table of contents
-
Are motorists set to see a repeat of 2014’s gasoline price reprieve?
- So why is the retail price now so responsive to the global crude oil market? And will we see a repeat of 2014/2015’s weaker fuel prices?
Tables and charts
This report includes 2 images and tables including:
- Retail and crude price index (max price = 1)
- UK oil value chain price build up
What's included
This report contains:
Other reports you may be interested in
Insight
Is the Lower 48 tight oil supply boom over?
Can Lower 48 oil supply growth in 2023 repeat in 2024?
$1,350
Commodity Market Report
Global iron ore short-term outlook February 2024
Iron ore prices slide on demand concerns and a build-up of inventories
$5,000
Commodity Market Report
North America Crude Markets short-term outlook: March 2024
US exports jump to record high amid coastal refinery outages.
$3,500
