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Outlook on Fuel Pricing for 2016

Outlook on Fuel Pricing for 2016

Gasoline markets are complex, and having a price forecast as a general guide is important for the trucking industry. GasBuddy specializes in providing these forecasts via an independent analysis.

It’s important to note that they are strictly forecasts and not indicative of what will happen with fuel pricing.

The forecast for average fuel pricing for 2016 is as follows:

Screenshot 2016-04-01 07.58.55The forecast indicates a peak in pricing during the spring and summer months with a decline in the fall through to December.

There are a lot of factors to watch carefully in 2016, for they could have a direct impact on the direction of gas prices. Taxes are a significant factor. Although it’s not expected that tax prices will increase during the next U.S. election year, state legislatures often weigh in on potential increases.

Gas Buddy, 2016

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