Tag Archives: gasoline

Retail gasoline prices this summer are expected to be 11% higher than in summer 2017 (4/11/2018)

The U.S. Energy Information Administration (EIA) forecasts that drivers in the United States will pay an average of $ 2.74 per gallon (gal) this summer for regular gasoline, an increase of 11% over last summer, according to EIA’s Short-Term Energy and Summer Fuels Outlook. EIA’s forecast price for summer 2018 (which runs from April through […]

U.S. job market and automotive sales trends support growth in gasoline use

September 15, 2015 Source: U.S. Energy Information Administration, U.S. have been an important factor in the increase in gasoline use so far in 2015, changes in the labor market and in the vehicle sales mix over the past few years also have contributed to the rise in gasoline use. Because more than 90% of U.S. […]

Gasoline prices in week before Labor Day lowest in 11 years

September 4, 2015 Source: U.S. Energy Information Administration, The U.S. average retail price for regular gasoline was $ 2.51/gallon (g) on August 31, the lowest price for the Monday before Labor Day since 2004, and 95¢/g lower than the same time last year. Declines in crude oil prices are the main driver behind falling U.S. […]

Unplanned refinery outage leads to higher Midwest gasoline prices

August 18, 2015 Source: U.S. Energy Information Administration, Note: PADD is Petroleum Administration for Defense District On August 8, the BP refinery in Whiting, Indiana, the of 413,500 barrels per calendar day (b/d), and it is an important source of gasoline and distillate fuel oil supply to the region. Press reports indicate that the largest […]

Average diesel retail price below gasoline price for first time in six years

July 23, 2015 Source: EIA, On July 13, the U.S. average diesel fuel retail price fell below the average regular gasoline retail price for the first time since the week of August 10, 2009. From August 2009 through June of this year, retail diesel fuel sold at an average premium of 34 cents per gallon […]

Summer gasoline prices are lowest in years

July 14, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook The average retail price for motor gasoline this summer (April through September) is expected to be $ 2.67 per gallon, the lowest price (in real dollars, meaning adjusted for inflation) since 2009, based on projections in EIA’s July (STEO). This decline is mainly the […]

U.S. retail gasoline prices lowest since 2009 heading into Memorial Day weekend

May 22, 2015 Source: Provided by On May 18, the U.S. average retail price for gasoline was $ 2.74 per gallon ($ /gal), or 92¢ per gallon (¢/gal) lower than at the same time last year. This is the lowest average price heading into the Memorial Day weekend—the traditional —since 2009. Lower gasoline prices reflect […]

Low crude oil prices, increased gasoline demand lead to high refiner margins

May 20, 2015 Source: U.S. Energy Information Administration, from Bloomberg, L.P., Thomson ReutersNote: Dubai/Oman crude oil spot price is the average spot price of Dubai crude oil and Oman crude oil. Gasoline in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect the difference […]

New supply patterns and additional disruptions push California gasoline prices higher

May 12, 2015 Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Republished May 12, 2015, 11:30 a.m., to correct an error in the text. Supply disruptions in the tightly balanced and relatively isolated California gasoline market have increased wholesale and retail gasoline prices over the past several weeks. This comes after markets had […]

Household spending on gasoline and public transit varies by region, income

April 13, 2015 Source: U.S. Bureau of Labor Statistics, Households in different regions of the United States have similar average combined spending on gasoline and public transit, but the composition of that spending varies significantly across regions. In 2013, the most recent year of data from the U.S. Bureau of Labor Statistics’ , the average […]

U.S. household gasoline expenditures expected to fall in 2015

April 10, 2015 Source: U.S. Energy Information Administration, based on U.S. Department of Labor’s , March 2015Note: Gasoline expenditures include spending on motor oil. The average U.S. household expenditure on motor gasoline in 2015 is expected to be about $ 1,817, the lowest level in more than a decade. This level is about $ 700 […]

Summer gasoline prices to be down more than $1 from last summer

April 8, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook U.S. drivers are projected to pay an average of $ 2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA’s released yesterday. This year’s projected average summer price is down from a $ 3.59/gal average during summer 2014. The lower […]

Higher RIN prices support continued ethanol blending despite lower gasoline prices

February 23, 2015 Source: U.S. Energy Information Administration, based on Oil Price Information Service, Thomson-ReutersNote: RBOB is reformulated blendstock for oxygenate blending. With the exception of two short periods in late 2013 and the first quarter of 2014, when , spot ethanol prices have consistently been lower than gasoline prices from December 2011 through October […]

Increase in average gasoline prices ends 17-week streak of declining prices

February 3, 2015 Source: U.S. Energy Information Administration, EIA conducts a survey of gasoline prices each Monday, and yesterday’s survey showed the U.S. average regular retail gasoline price increasing for the first time in 18 weeks. The national price averaged $ 2.07/gallon on Monday, up 2.4 cents from a week earlier. The steady decline in […]

U.S. gasoline prices end 2014 at lowest levels since mid-May 2009

January 7, 2015 Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for […]

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