The Gasoline Futures Market Predicts Prices to Fall
In his 103rd State of the Fleet Industry video produced by Automotive Fleet, AF editor Mike Antich offers insights into the state of the fleet market, including declining gasoline consumption and cooler gasoline futures predictions.
The 103rd State of the Fleet Industry video is now live! Will gasoline prices fall? Many experts believe so.
Photo: Automotive Fleet
2 min to read
The 103rd State of the Fleet Industry video is live, and today's topics include:
Decline in U.S. of gasoline consumption in the second quarter of 2022 compared to same time last year due to demand destruction following a 61% increase in fuel prices.
Gasoline future market had a 9.7% decline on July 5, 2022, signaling the market believes that future gasoline prices will be lower than those today.
The anticipation of a recession in 2023 is putting downward pressure on gasoline futures.
Higher mpg by SUVs and full-size trucks makes keeps them desirable to consumers despite higher fuel prices.
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