Crude Oil

Gasoline inventories high as refinery turnarounds approach

Since it became the prompt contract at the close of trading on January 31, the Nymex futures contract for March delivery of RBOB (the petroleum component of gasoline) in New York Harbor has increased 19 cents per gallon (cpg), reaching $2.82/gal on February 19. FULL STORY »

WTI–Brent spread projected to average $11 per barrel in 2014

In the February Short-Term Energy Outlook (STEO), EIA projects that the discount of West Texas Intermediate (WTI) to North Sea Brent crude oil, which averaged $11 per barrel (bbl) in 2013, will average $11/bbl and continue at the same level in 2014 and 2015. FULL STORY »

Gasoline price flat while diesel fuel price increased

The U.S. average retail price of regular gasoline decreased less than one cent to remain at $3.30 per gallon as of January 27, 2014, six cents lower than last year at this time. FULL STORY »

Crude oil imports continue to decline

For the second time since January 2000, weekly imports of crude oil into the United States fell below 7.0 million barrels per day (bbl/d) during the week ending January 10, before rebounding slightly the following week. FULL STORY »

Strong U.S. crude oil production growth forecast through 2015

Strong growth in U.S. crude oil production, primarily attributable to growing volumes of light crude oil produced from onshore tight oil formations, has reshaped global oil markets in recent years. FULL STORY »

U.S. gasoline exports reshape trade flows in the Atlantic Basin

Gasoline trade flows in the Atlantic Basin are changing. Access to less-expensive crude oil and natural gas is making U.S. refineries more competitive, boosting refinery runs and putting Gulf Coast refineries at an advantage to supply Atlantic Basin gasoline demand. FULL STORY »

U.S. exports of distillate fuel rise 30% on global demand

U.S. exports of distillate fuel reached a monthly record of 1.4 million barrels per day (bbl/d) in July, and averaged more than 1.3 million bbl/d during third-quarter 2013 (September is the last month for which export data are available). This level is up 30% from 1.0 million bbl/d during third-quarter 2012 and from 0.3 million bbl/d during that period in 2007. FULL STORY »

High diesel demand and prices keep gasoline prices moving lower

Gross U.S. refinery inputs in October averaged 15.4 million bbl/d, 800,000 bbl/d below the average for June through September. FULL STORY »

Gasoline and diesel fuel prices fall

The U.S. average retail price of regular gasoline decreased seven cents to $3.29 per gallon as of October 28, 2013, 27 cents lower than last year at this time, and the lowest price since December 24, 2012. FULL STORY »

Gasoline and diesel fuel prices continue to fall

The U.S. average retail price of regular gasoline decreased six cents to $3.37 per gallon as of October 7, 2013, 48 cents lower than last year at this time, and the third consecutive week where prices decreased in all regions of the nation. FULL STORY »

Gasoline falls for a 4th week; diesel down the last three

The U.S. average retail price of regular gasoline decreased seven cents to $3.43 per gallon as of September 30, 2013, 38 cents lower than last year at this time, and the lowest price since January 28, 2013. FULL STORY »

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Ag-Bag MX1012

The Ag-Bag MX1012 Commercial Silage Bagger is an ideal engine-driven mid-size bagger, designed to serve the 150- to 750-head dairy ... Read More

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