Argus Leader - Summer gas estimates low compared to 2022, but geopolitical risks threaten Midwest prices

April 13, 2023 – Argus Leader

Summer gas estimates low compared to 2022, but geopolitical risks threaten Midwest prices

By Dominik Dausch

According to Robert Auers, a fuels market analyst for RBN Energy, the factors that drive up gas prices in other regions have had no effect in the Midwest.

"In California, higher taxes, [low carbon fuel standard], and cap-and-trade costs have driven up West Coast prices.  East Coast prices have seen some upward pressure from regional refinery closures during COVID," Auers said. "As for [the Midwest] specifically, the discount relative to the U.S. average has actually expanded a bit over the past couple years to $0.10-$0.15/gal."

Read the full article here: https://www.argusleader.com/story/news/2023/04/13/summer-gas-prices-wont-be-cheap-in-the-midwest-but-better-than-2022-prices-opec-eia-fuel/70104577007/