What is the projected price of gasoline?

What is the projected price of gasoline?

Gasoline is expected to trade at 2.67 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.45 in 12 months time.

What will gas cost in 2040?

Characteristic Natural Gas Metallurgical coal
2045 7.96 7.26
2040 7.65 7.4
2035 7.6 7.36
2030 7.49 7.1

What was the average price of gasoline in 2021?

$3.01 per gallon
Retail gasoline prices rose across the United States in 2021 as driving increased. Rising crude oil prices and increased gasoline demand contributed to the average U.S. retail price for regular grade gasoline increasing to $3.01 per gallon (gal) in 2021, the highest average nominal price since 2014.

When was gas 1.40 a gallon?

Supporting Information

Year Gasoline Price (Current dollars/gallon) Gasoline Price (Constant 2011 dollars/gallon)
1996 1.23 1.68
1997 1.23 1.65
1998 1.06 1.40
1999 1.17 1.52

What will gas price be in 2022?

$3.24 per gallon
The EIA expects gasoline prices will average $3.24 per gallon in 2022, dropping below $3 per gallon in the last quarter, according to its latest report this week.

How much gas is left in the world?

There are 6,923 trillion cubic feet (Tcf) of proven gas reserves in the world as of 2017. The world has proven reserves equivalent to 52.3 times its annual consumption. This means it has about 52 years of gas left (at current consumption levels and excluding unproven reserves).

How does America get gasoline?

U.S. petroleum refineries make gasoline and other petroleum products from crude oil and other liquids produced in the United States or imported from other countries. Nearly all of the gasoline sold in the United States is produced in the United States.