Seasonal Trends Aren’t Shaving Off Energy Prices Like Before. Predictions Indicate Gas Demand Will Continue to Uptick

 

As we cross the halfway mark of 2023, stakeholders in the energy sector are grappling with the changing landscapes of oil, gas, and renewable resources. A volatile year of varying energy prices has underlined the critical need for analysis and prediction. With a stark 41 percent decrease in the price of natural gas and a 6 percent increase in retail gasoline prices since the start of the year, the stakes for accurate forecasting are as high as ever.

The burning question for industry stakeholders, policymakers, and consumers alike is: What can we expect from energy prices in the second half of 2023? And how will geopolitical and economic variables shape these expectations?

In a new episode of “Gasonomics,” host Tim Snyder, Chief Economist at Matador Economics and host of the show, explored a detailed analysis of the current state of energy prices and provided a forecast and his predictions for the latter half of the year.

Several of Snyder’s talking points included:

  • A comprehensive analysis of how energy prices have evolved in the first half of 2023, from crude oil to diesel fuel.
  • A discussion on how certain global events, such as Russia’s pledge to cut its oil production and increased Chinese demand for oil, are impacting the energy markets.
  • His predictions for the energy prices for the second half of the year, taking into account possible geopolitical and economic influences.

Tim Snyder is a renowned figure in the world of economics and energy. As Chief Economist with Matador Economics and Principal and Economist with Exec HQ, he brings a wealth of knowledge to the table. His expertise in energy economics and his ability to interpret complex market dynamics make him a leading voice in the sector.

Follow us on social media for the latest updates in B2B!

Image

Latest

With Walmart Health Shuttering Its Doors, Retail Healthcare Has to Rethink Its Role & Strategy in Primary Care
May 28, 2024

Retail healthcare is an uncertain slice of the U.S. healthcare industry, being defined by both recent strategic retreats and bold expansions which have sparked crucial discussions about the future of primary care services within the retail sector. The most recent news that shocked the industry was the shuttering of Walmart Health, Walmart’s 51 health…

Read More
Edge Computing Smart Cities Experts Talk
Edge Computing is the Foundation for Scaled Smart Cities. How Can the Industry Accelerate Adoption?
May 28, 2024

As cities globally accelerate their transformation into “smart cities,” the integration of a capable computing ecosystem to complement smart city initiatives has become an important part of smart city success. How critical will edge computing be in that ecosystem, and in the facilitation of today’s and tomorrow’s smart city projects, especially with where smart…

Read More
The Global Privacy Revolution: Navigating the New Landscape of Data Collection and Integration
May 28, 2024

The Global Privacy Revolution: Navigating the New Landscape of Data Collection and Integration In today’s rapidly evolving digital landscape, the global emphasis on privacy is emerging as a powerful disruptor, fundamentally transforming how businesses collect and integrate customer data. This shift is not merely a regulatory hurdle but a profound evolution in societal values, recognizing…

Read More
Continuous Improvement in Threat Assessment
Continuous Improvement in Threat Assessment Practices
May 28, 2024

In this episode of School Safety Today by Raptor Technologies, Michelle Dawn Mooney sat down with Dr. Marisa Randazzo to discuss the importance of continuous improvement in threat assessment practices.  Dr. Randazzo shares her extensive experience in threat assessment, emphasizing the importance of quality training and to regularly evaluate and enhance their threat assessment…

Read More