Rubin quoted in Sun Journal articles on gas, oil prices
The Sun Journal spoke with Jonathan Rubin, a professor of resource economics and policy at the University of Maine, for articles about gas and heating oil prices in Maine. In the article, “All gassed up: Price outlook good, according to analysts,” Jeff Pelton, the East Coast senior petroleum analyst for GasBuddy.com, said for the first time in six years, the diesel average fell below the regular average. Rubin said the drop in diesel prices relates to refinery outages in California. “There’s just relatively more diesel than there used to be versus gasoline, so they’ve gotten back to price parity, and that’s a historic change, the first time since 2009,” he said. “It has to do with which specific refineries are out and which ones specialize in different cuts of gasoline and diesel. Low diesel prices are going to benefit anybody who’s using shipping.” In the article, “Low-cost heating oil to fuel household spending,” Rubin said the Energy Information Administration are forecasting oil prices to stay basically at their current prices through the upcoming heating season, which means fuel oil is “going to stay quite, quite inexpensive.”