By Jennifer Ludden, Vice President of Business Development and News, GasCadenceGas.com.
Gas prices are surging again in the Midwest, and the rise is likely to continue, but what exactly is going on?
According to the U.S. Energy Information Administration, gas prices have risen by nearly 7% since February of this year, and are expected to rise another 8% in 2019.
This year is expected to be the first to have a 4% increase over 2016.
GasCadences forecast for 2018, which assumes the trend of increasing gas prices will continue through 2019, predicts that gas prices in the midwest will average $1.25 per gallon, and gas prices between $1 and $1:30 per gallon.
This would be the highest average gas price since 2009.
The Mid-West is experiencing an extremely high demand for gasoline, which means the amount of gas that can be produced is also rising.
This means more demand for gas, which can lead to higher gas prices.
Gas Cadence is also forecasting a 3% increase in 2019, which is a bit lower than the 3.5% increase predicted in the U2 forecast, but the average gas prices are also increasing.
GasCade forecasts that the average price of gasoline in the Mid-western states will average around $1 per gallon by the end of 2019.
As for how this all affects your life, you may have noticed that there are a lot of things going on at the moment.
While it may be a bit confusing to think about the whole gas price trend, there are two primary reasons why we need to take action now.
First, this increase in gas prices is likely a result of increased oil and natural gas production.
While the oil and gas industry is responsible for a large part of the gas price increase, the natural gas boom has also played a big part.
According to a recent study by OilPrice.com, the U!
natural gas industry produces a total of 1.8 trillion cubic feet of natural gas per day, which equates to a global production of over 6 billion barrels.
According the U-M Research Center, this makes up approximately 30% of the nation’s total natural gas reserves.
According to Energy Information Agency data, the price of natural natural gas in the US has increased by over 7% over the past year.
According that data, natural gas prices reached $1/MMBtu (million British Thermal Units) in November.
This is a record high price for natural gas, and it is expected that this will continue to increase over the next year.
As you might have noticed, the average cost of a gallon of gasoline is also going up.
This can lead the average person to be more concerned about gas prices, and this is not necessarily a bad thing.
The cost of gasoline will likely remain lower than it has been in recent years, and as long as prices stay lower than they are right now, this trend will continue.
If you are a driver and want to save on gas, you should definitely get out there and explore for gas.
You can also use this information to keep an eye on your gas bills, or to find a way to reduce your bills, as this is a big topic that is not covered by all of the mainstream media.
What do you think of the forecast for gas prices?
Do you agree or disagree with the gas industry?
Leave a comment below!