* Households heating primarily with electricity can expect a slight price increase this winter and the demand for electricity is likely to continue to grow through 2007.
* Prices for petroleum products and natural gas are projected to increase from their current levels, but are not expected to surpass last winter’s levels.
* Next spring’s gasoline inventories are expected to be lower than last spring’s and colder winter weather would reduce gasoline output.
* The world oil requirement is expected to increase, resulting in an increase in the demand from OPEC. OPEC is not likely to increase crude oil production.
Short-Term Energy Outlook Report
Wednesday, December 27, 2006
Department of Energy October Short-Term Energy Outlook
The U.S. Energy Information Administration’s (EIA) October Short-Term Energy Outlook Highlights: