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Wyoming Economist Doesn’t Expect Much Change In Energy Prices

David McNew/Getty Images
David McNew/Getty Images

A senior Wyoming State Economist says he doesn’t expect much change in crude oil and natural gas prices through the rest of this year, even though gasoline prices have been going up.

Jim Robinson says there is still a glut of crude oil and natural gas on the world market, a situation which hasn’t changed much through the course of this year. The damage to American refineries caused by Hurricane Harvey tends to make that situation worse.

He says prices for oil and natural gas have remained more or less stagnant for most of the year, adding the situation probably won’t change much through the rest of 2017.

Robinson says for Wyoming that probably means those industries have peaked, for the time being, adding about 1,800 jobs over the last year but probably not adding much more over the next few months.

 

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