Where to Buy

What is your zip code?

 
 
 
  Feedback

Comments? Suggestions? Compliments? Complaints? What's on your mind?



Your name:

Your e-mail address:

Taco frequently sends emails on product updates and other announcments. If you want to subscribe please click here.



SUBMIT FEEDBACK
 
 
 
  Rate the information on this page
(1 = Least helpful - 5 = Most helpful)

Thanks for voting!
 
 
 
  We're Here to Help

How can we help? Please choose a category for immediate help.






 
 












Need Help?
Rate the web
site
Leave a
comment

Lagging Economy Slows Energy Price Gains


September 12 — Consumers are likely to pay more for gasoline and home heating oil this winter, but less than was forecast before the U.S. economy slipped back into the doldrums.

The retail price of gasoline in the fourth quarter will be $3.47 per gallon of regular gas—19 cents less than in the current quarter and 33 cents less than the record high this year, forecasts the U.S. Energy Information Administration (EIA).

EIA predicts home heating oil at $3.93 a gallon in the fourth quarter, 83 cents above the same period one year ago.

Through 2012, gas prices are expected to rise modestly. The price at the pump will peak at $3.60 a gallon in the second quarter, but fall back to $3.48 in the fourth quarter, just a penny above the fourth quarter 2011 price, says EIA.

Home heating oil in the fourth quarter 2012 is expected to rise to $3.99 a gallon, 83 cents higher than in the final quarter of this year.

"EIA's economic growth assumptions have been lowered substantially compared with [August's] Outlook," says the EIA September Short-Term Outlook. The current forecast, "assumes that U.S. real gross domestic product (GDP) grows by 1.5% this year and 1.9% next year compared with 2.4% and 2.6%, respectively, in the previous Outlook."

Download the complete September report here.