January 27, 2014 Diesel Fuel Pricing – EIA
Will oil prices rise or fall in 2014?
The price of oil is still under pressure from supply. Add to supply some key factors that can keep oil prices higher than expected or hoped for. These factors are:
- Middle East conflicts unpredictable at best
- Difficulty transporting Bakken crude
- High cost of extracting unconventional oil, so if prices drop too much, many suppliers will stop operations
- Saudi Arabia’s policy to adjust its oil flow to control the balance between supply and demand
Thus, it is difficult to accurately predict the price of diesel in 2014, but opinions abound.