Tag Archives: prices

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 […]

Natural gas prices in Asia mainly linked to crude oil, but use of spot indexes increases

September 29, 2015 Source: U.S. Energy Information Administration, Petroleum Association of Japan, Japan Ministry of Finance International Trade Statistics, Japan Ministry of Economy, Trade and Industry, Bloomberg LP Note: Values for North Sea Brent and Japanese customs-cleared (JCC) crude oil prices converted to $ /MMBtu on an energy-equivalent basis. The official reporting of Japan spot […]

Sustained low oil prices could reduce exploration and production investment

September 24, 2015 Source: U.S. Bureau of Economic Analysis, U.S. Energy Information Administration Note: 2015 data are the average of the first two quarters. Low oil prices, if sustained, could mark the beginning of a long-term drop in upstream oil and natural gas investment. Oil prices reflect supply and demand balances, with increasing prices often […]

Kenya: Petrol Prices Unchanged As Diesel, Kerosene Drop

By Constant Munda USERS of kerosene and diesel got a relief yesterday after the Energy Regulatory Commission cut monthly prices by Sh5.43 and Sh3.36 a litre effective today, slightly easing the cost of living. However, Petrol prices have been retained at last month’s price as the weakening shilling wiped out benefits to the consumers despite […]

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. […]

Growing global liquids inventories reflect lower crude oil prices

August 24, 2015 Source: U.S. Energy Information Administration, , August 2015 Continued growth in global production of petroleum and other liquids has outpaced consumption growth since August 2014, resulting in rising global liquids stocks. Total global liquids inventories are estimated to have grown by 2.3 million barrels per day (b/d) through the first seven months […]

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 […]

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 […]

Last Monday’s large percentage decline in crude oil prices was relatively rare

July 13, 2015 Source: U.S. Energy Information Administration, Thomson Reuters Note: Chart represents the number of times a daily percent change occurred in West Texas Intermediate (WTI) crude oil prices since January 2, 2006. The front-month futures price for crude oil benchmark West Texas Intermediate (WTI) declined 7.7% on Monday, July 6, the largest single-day […]

Nigeria: Oil Prices to Slide Further

The International Energy Agency (IEA) on Friday, July 10, 2015, stated that oil prices may not have hit their lowest price yet, predicting that they would likely to last well into 2016. The agency added that the world oil market was unable to absorb the huge volumes of oil now being produced. It follows the […]

Oilfield costs fall following decline in oil prices

June 18, 2015 Source: U.S. Energy Information Administration, based on United States Bureau of Labor Statistics, As oil prices declined—falling more than 50% from June 2014 to January 2015, before increasing slightly in spring 2015—energy production companies focused efforts on increasing operating efficiencies. While are good indicators of the expansion or contraction of the oil […]

Efficiency moderates effects of higher electricity prices under proposed Clean Power Plan

June 11, 2015 Source: U.S. Energy Information Administration, Republished June 11, 2015, 9:30 a.m. to clarify expected electricity generation differences in certain regions. EIA’s of the Environmental Protection Agency’s proposed Clean Power Plan (CPP) rule finds that electricity prices are expected to rise. However, efficiency and price-induced conservation moderate the projected increase in consumer electricity […]

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 […]

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