The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for May EIA forecasting that the average price retail price for a gallon of regular gasoline will reach $2.90 a gallon for the April through September summer driving season this year. That’s 49 cents a gallon (20.3%) higher than the average for last year’s driving season and 17 cents a gallon higher than the projection in last month’s STEO. Monthly average gasoline prices are forecast to reach a summer peak of $2.97 a gallon in June, before falling to $2.86 in September.
EIA also is showing that U.S. crude oil production averaged 10.5 million barrels of crude oil a day in April, up by 120,000 barrels over March production.
For the full year, the EIA now forecasts an average per gallon price of $2.79 for regular gasoline and $2.76 a gallon for all grades. That’s a month-over-month forecast increase of 15 cents.
For all of 2018, the EIA estimates U.S. crude production will average 10.7 million barrels a day, up by 100,000 from the prior month estimate. For 2019, the EIAforecasts U.S. production to average 11.9 million barrels a day, up by 460,000 from the previous month’s estimate.
Hot Energy Stocks To Buy Right Now: Advantage Lithium Corp. (AVLIF)
- [By ]
Advantage Lithium (OTCQX:AVLIF) is a strategic advanced junior lithium exploration company that operates between Lithium Americas and Orocobre in the Cauchari-Olaroz basin. Orocobre is the largest shareholder in the company with a 30% equity stake, coupled with a 25% interest in the project. Over the past few months, the company has been moving towards completing the second stage of its drilling campaign, which will be completed in May 2018 and will then be followed on with an updated Natural Resource Estimate Study. This will allow the company to move into phase three of its drilling efforts, which will utilize larger drills to further define the resource, with a Feasibility Study expected to be completed in the first part of 2019.
Hot Energy Stocks To Buy Right Now: Summer Infant Inc.(SUMR)
- [By Stephan Byrd]
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Hot Energy Stocks To Buy Right Now: Versum Materials, Inc. (VSM)
- [By Logan Wallace]
News headlines about Versum Materials (NYSE:VSM) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Versum Materials earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.4354866491979 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.