Tag Archives: prices

Spot steam coal prices in 2014 fell in east and rose in west

January 8, 2015 Source: U.S. Energy Information Administration, , based on SNL Energy physical market survey Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports. The price declines were particularly pronounced in the second half of the year, as natural gas prices dropped below […]

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 […]

Crude oil prices down sharply in fourth quarter of 2014

January 6, 2015 Source: U.S. Energy Information Administration, based on Bloomberg Crude oil in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $ 112 per barrel (bbl) and $ 105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $ 62/bbl and $ […]

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 […]

Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015

December 12, 2014 Source: North Dakota Department of Mineral Resources, Bloomberg The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA’s Drilling Productivity Report (DPR) includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56% of total U.S. […]

Nigeria: When Oil Prices Fall

Photo: OPEC headquarters. analysis By Anthony Goldman When politicians, fund managers and development professionals look to highlight the success of democratic Nigeria, they typically point to one, key statistic: when the military stood down in 1999 after an almost unbroken generation in power, per capita income in Africa’s most populous state was USD1,940; by 2013, […]

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 […]

Boston, New York City winter natural gas prices expected to remain high

November 24, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: November through March are considered winter months. Forward prices for 2014-15 and 2015-16 are as of 10/29/2014. Despite expectations of a milder winter for 2014, marketers anticipate high prices for natural gas in Boston and New York City. Natural gas prices are expected […]

European residential electricity prices increasing faster than prices in United States

November 18, 2014 Source: U.S. Energy Information Administration and Eurostat Note: European Union average consists of 27 member countries in 2006, 28 member countries for all other years. European residential electricity prices have historically exceeded U.S. prices, and the gap has widened in recent years. In 2013, average residential electricity rates in European Union (EU) […]

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. […]

Lower demand, higher supply drive oil prices to lowest level since 2012

October 8, 2014 Source: U.S. Energy Information Administration, Bloomberg The price of North Sea Brent crude oil has fallen to around $ 91 per barrel, the lowest level in more than two years and about 21% lower than its year-to-date peak of $ 115 per barrel on June 19. Before its recent decline, average monthly […]

Regional Greenhouse Gas Initiative auction prices continue to rise

September 18, 2014 Source: U.S. Energy Information Administration, based on September 3 marked the 25th auction of carbon dioxide (CO2) emission allowances by the program covering nine states primarily in the northeastern United States. Allowance prices for this auction were $ 4.88, marking the third consecutive auction that prices were at or above $ 4 […]

Kenya: Diesel and Kerosene Prices Drop Marginally, Petrol Up

By Constant Munda FUEL consumers will pay slightly less for diesel and kerosine while the cost of petrol has marginal gone up for the next one month in new monthly review by the Energy Regulatory Commission announced yesterday. A litre of diesel, used mainly in transport and running of industrial and farm machinery, will retail […]

Average Brent crude oil prices trade within $5 per barrel range for 13 months in a row

August 21, 2014 Source: U.S. Energy Information Administration Brent crude oil spot prices averaged $ 107 per barrel (bbl) in July, marking the 13th consecutive month in which average Brent crude oil prices were between $ 107/bbl and $ 112/bbl (see graph above). Although supply growth from non-OPEC countries has outpaced world consumption in the […]

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