BizSugar.com › Management › It’s Winter! Oil, Natural Gas, Fuel Prices All Going Up for Small Businesses

Lower crude oil prices globally contributed to U.S. average retail regular gasoline prices averaging $2.18 per gallon in November. However, the U.S. Energy Information Administration (EIA) now forecasts Brent crude oil prices to average $43 per barrel in 2016 and $52 per barrel in 2017.
For small businesses who must run company cars, delivery vehicles, heat offices, run generators and so on, EIA’s short term energy outlook can be considered a heads up to brace themselves for higher energy costs in 2017.