Conclusion: Volatile Prices Likely in the Year Ahead
Gasoline markets: Low stocks, high prices, volatility
Winter heating fuel: May have low inventories going into winter, resulting in price volatility
Natural gas: High prices and supply concerns may impact distillate stock build for winter and can mean high natural gas prices this winter
But maybe OPEC will add more supply, stocks will build, and prices will fall
Notes:
- In conclusion, EIA believes we may see more price volatility in the oil markets before the inventory situation improves, and inventories will not improve quickly as petroleum demand remains fairly strong and worldwide production does not keep pace.