Energy

Summer Energy Outlook Released

Jun 9, 2023

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

Michigan energy users should have more favorable costs this summer than in 2022, according to the Michigan Public Service Commission’s Summer Energy Outlook for 2023.

Key Points:

  • Seasonal gas prices are projected to be 86 cents lower per gallon.
  • The average price of diesel fuel was $3.97 per gallon on June 5, which is $1.62 per gallon lower than this time last year.
  • Home electricity demand is expected to slightly decline by 1.3%.
  • Demand for natural gas is projected to increase 2.2% overall.
  • crude oil production is expected to increase from 11.89 barrels per day in 2022 to 12.53 million barrels per day in 2023.

To read the full Michigan Energy Appraisal Summer Outlook 2023, please click here.

Related posts:

  1. Clean Energy Future Plan Announced
  2. Looking Ahead to the Week of April 22 – 28, 2023
  3. Five Things We’re Reading
  4. Looking Ahead to the Week of May 13 – 19, 2023

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

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