Crude Oil

U.S. refinery capacity higher in 2012, start of 2013

As of January 1, 2013, the United States had 139 operating refineries and 4 idle refineries with total atmospheric crude oil distillation capacity of 17.8 million barrels per calendar day (bbl/d), an increase of 501,000 bbl/d from January 1, 2012. FULL STORY »

E. Canadian refineries increasing use of U.S.-sourced crude oil

Canadian refineries, like those in the United States, are working to increase their use of growing production of crude oil from Texas and North Dakota. FULL STORY »

Midwest gasoline prices: some relief in sight

Gasoline prices throughout the Midwest, also known as Petroleum Administration for Defense District (PADD) 2, have been trending sharply higher since mid-April. FULL STORY »

Gasoline and diesel fuel prices increase again

The U.S. average retail price of regular gasoline increased seven cents for the second consecutive week, to $3.67 per gallon as of May 20, 2013, down four cents from last year at this time. FULL STORY »

Domestic ethanol production starts to grow again

After seeing their team repeatedly suffer heartbreaking playoff losses, Washington Capitals fans were hoping that this year would be different. FULL STORY »

Mexico-U.S. petroleum trade

Mexico is a net exporter of oil by the broadest measure that encompasses both crude oil and petroleum products. FULL STORY »

Absorbing increases in U.S. crude oil production

U.S. crude oil production has been rising in recent years following a decline from 9 million barrels per day (bbl/d) in 1985 to 5 million bbl/d in 2008. FULL STORY »

Gasoline price down less than a penny, diesel drops six cents

The U.S. average retail price of regular gasoline decreased less than one cent to remain at $3.54 per gallon as of April 22, 2013, down 33 cents from last year at this time. FULL STORY »

LLS-Brent differential has narrowed from its recent high

Since reaching a 2013 high of $119 per barrel in mid-February, the spot price of Brent crude oil, the global seaborne light sweet benchmark crude, fell by $19 per barrel, settling at $100 per barrel on April 22. FULL STORY »

The changing premium for premium gasoline

In late 2012, the difference between the U.S. average retail prices for premium gasoline and regular gasoline reached 30 cents per gallon for the first time, a level at which it has remained for most of 2013. FULL STORY »

Gas prices expected to average $3.63 per gallon during summer

The U.S. average retail price for a gallon of regular gasoline has fallen for six consecutive weeks since hitting its 2013 year-to-date peak of $3.78 per gallon in late February. FULL STORY »

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RX7320

When moving hay to feed dairy cows, farmers are seeking a versatile tractor. KITOI’s new Tier 4 RX series tractors ... Read More

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