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Staying Positive about the Future of Oil Prices

Lower gas prices

Posted: October 21, 2015

Continued volatility in the stock market and a new concern in the Middle East—Russia’s entry into war-torn Syria—recently helped to push crude oil prices above $50 a barrel for the first time since July.

Back in our neighborhood, we saw wholesale fuel prices tick up a few cents per gallon as we entered a new heating season in October.

But we’re keeping calm and carrying on because this is really just business as usual in the energy markets. Prices for commodities like crude oil and heating oil will always have their ebbs and flows over the short-term. We prefer to look at all the positive signs for the future of oil prices:

*Source: Short-Term Energy and Winter Fuels Outlook, U.S. Energy Information Administration, 10-6-15

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