Crude Oil
OPEC crude oil production seen declining in 2013
Total crude oil production by the members of the Organization of the Petroleum Exporting Countries (OPEC) averaged 30.3 million barrels per day (bbl/d) in fourth-quarter 2012, down from 31.1 million bbl/d in the prior quarter.
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Gasoline and diesel fuel prices both fall again
The U.S. average retail price of regular gasoline decreased five cents to $3.71 per gallon, down 12 cents from last year at this time.
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Gasoline and diesel fuel prices both fall
The U.S. average retail price of regular gasoline decreased three cents to $3.76 per gallon, down three cents from last year at this time.
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Gasoline and diesel fuel prices up again
The U.S. average retail price of regular gasoline increased four cents to $3.78 per gallon, up six cents from last year at this time.
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Gasoline prices have risen since the start of the year
The average U.S. retail price for regular motor gasoline has risen 45 cents per gallon since the start of the year, reaching $3.75 per gallon on February 18.
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Changes to pipeline infrastructure to relieve Cushing bottleneck
Historically, Cushing, Oklahoma has served as the midcontinent hub for distribution of both crude oil imported to the U.S. Gulf Coast and West Texas crude oil production.
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Gasoline price up seven cents, diesel fuel increases eight cents
The U.S. average retail price of regular gasoline increased seven cents to $3.61 per gallon, up nine cents from last year at this time.
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Gasoline and diesel fuel prices both see double-digit increases
The U.S. average retail price of regular gasoline increased 18 cents to $3.54 per gallon, up six cents from last year at this time.
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Gasoline and diesel fuel prices both increase again
The U.S. average retail price of regular gasoline increased four cents to $3.36 per gallon, down eight cents from last year at this time.
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After late-2012 declines, gasoline prices stabilize in early 2013
The U.S. average retail price for regular gasoline fell steadily through the end of 2012, to $3.25 per gallon on December 17 from $3.88 per gallon on September 17.
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Pipeline additions to facilitate crude oil growth from Midwest
Continuing growth in U.S. crude oil production is causing significant changes in the way crude oil moves within the United States. The Midwest (PADD 2) has been one of the major sources of this production growth.
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