Short-Term Energy Outlook

The Energy Information Administration released its Short-Term and Winter Fuels Outlook and finds:

- the price of West Texas Intermediate (WTI) crude oil to average about $83 per barrel this winter (October 1 to March 31).
- regular-grade motor gasoline retail prices to average $2.84 per gallon this winter
- Natural gas working inventories have reached more than 3.8 trillion cubic feet (Tcf), which is about the same as last year's record-setting level for the underground storage quantity at the end of October.
- average household expenditures for space-heating fuels will total $965 this winter, about the same as last year.