Higher Refining Costs Could Lead to an Increase in US Summer Gasoline Prices

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2. Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon if refinery output is lower than expected.
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The U.S. Energy Information Administration predicts that if refinery output is lower than expected, the average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon. In their May Short-Term Energy Outlook, they forecast that summer regular retail gasoline prices will average about $3.70 per gallon. A new analysis presented a High Refining Cost scenario, considering factors such as limited production of high-octane gasoline blend components, regional price differences, increased gasoline imports, and slightly less gasoline consumption.

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