Tag Archives: gasoline

Gasoline prices tend to have little effect on demand for car travel

December 15, 2014 Source: U.S. Energy Information Administration, based on Federal Reserve Bank of St. LouisNote: VMT is vehicle miles traveled. Per capita figures reflect U.S. population age 16 and over. Vehicle miles traveled figures are 12-month rolling averages. Republished December 17, 2014, 2:00 p.m. to correct an error in the graph. The U.S. average […]

U.S. household gasoline expenditures in 2015 on track to be the lowest in 11 years

December 16, 2014 Source: U.S. Energy Information Administration, Short-Term Energy Outlook The average U.S. household is expected to spend about $ 550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination […]

U.S. gasoline prices this Thanksgiving are the lowest since 2009

November 26, 2014 Source: Provided by GasBuddy.com U.S. retail regular-grade gasoline prices continue to decline, averaging $ 2.82 per gallon (gal) as of November 24. This average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009. Traditionally, the Thanksgiving holiday is one of the most […]

U.S. gasoline prices move with Brent rather than WTI crude oil

November 3, 2014 Source: U.S. Energy Information Administration, ; Bloomberg LP Recent increases in U.S. crude oil production have sparked discussion on how this increase in supply will be used by U.S. refiners given current limitations on . On October 30, EIA released a study that explored the relationships between crude oil and gasoline prices. […]

Increasing ethanol use has reduced the average energy content of retail motor gasoline

October 27, 2014 Source: U.S. Energy Information Administration, Monthly Energy Review EIA has adjusted its estimates of the energy content of retail motor gasoline in the (MER) to reflect its changing composition. Ethanol and other oxygenates, which have lower energy content than petroleum-based gasoline components, have seen their share of total gasoline volumes increase from […]

EIA’s forecast of 2014 gasoline use has risen 2 billion gallons (1.6%) in past 10 months

September 10, 2014 Source: U.S. Energy Information Administration, EIA’s short-term forecasts of gasoline consumption, which cover the current and upcoming calendar year, have risen over the past year. The latest (STEO), released yesterday, expects 2014 gasoline consumption to be 8.82 million barrels per day (135.2 billion gallons), 0.13 million barrels per day (2 billion gallons) […]

Significant fuel economy improvement options exist for light-duty gasoline vehicles

July 15, 2014 Source: U.S. Energy Information Administration, modified from Although light-duty vehicle types such as diesel, full-hybrid, plug-in hybrid, and plug-in electric have garnered significant attention in recent years as ways to reduce petroleum consumption and lower consumer fuel costs, standard gasoline vehicles, including those that use micro and mild hybridization, of new sales […]

A perspective on U.S. gasoline prices heading into Fourth of July weekend

July 2, 2014 Source: Provided by GasBuddy.com On Monday, June 30, the national average retail gasoline price was $ 3.70 per gallon. Although this is the highest average heading into the Fourth of July holiday since 2008, gasoline prices in 2014 have remained well below the spring peaks reached in each of the previous three […]

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