January 27, 2014 Diesel Fuel Pricing – EIA
Will Oil Prices Go Up or Down in 2014?
The price of oil is always put under pressure by supply. Add to supply certain key factors that may keep oil prices higher than expected or hopes for. These factors are:
- Middle East strife, unpredictable at best
- Difficultly in transporting Bakken crude
- High cost of extraction of nontraditional oil so if prices drop too far many suppliers will turn off their operations
- Saudi Arabia’s policy to adjust their oil flow to control a supply-demand balance
Thus, it is difficult to accurately predict 2014 diesel pricing but there are plenty of opinions.