Crude Oil
Gasoline and diesel fuel prices increase again
The U.S. average retail price of regular gasoline increased less than a penny to $3.85 per gallon, 19 cents per gallon higher than last year at this time.
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What is driving U.S. gasoline consumption?
The Labor Day holiday marks the end of the peak driving season in the United States and provides an opportunity to review year-to-date gasoline consumption.
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Gasoline, diesel fuel prices increase for 9th consecutive week
The U.S. average retail price of regular gasoline increased seven cents this week to $3.84 per gallon, 17 cents per gallon higher than last year at this time.
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U.S. crude oil inventories and a tightening oil market
Global crude oil prices have increased significantly over the past two months. Since reaching a 2012 low of $89 per barrel on June 21, Brent spot prices have increased almost $25 (27 percent) to more than $113 per barrel on August 28, after reaching a high of almost $117 per barrel on August 16.
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Gasoline and diesel fuel prices continue to climb
The U.S. average retail price of regular gasoline increased three cents this week to $3.78 per gallon, 15 cents per gallon higher than last year at this time.
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An update on West Coast gasoline markets
Between August 6 and August 13, the price of retail regular grade gasoline on the West Coast (PADD 5) increased 19 cents per gallon, well above the 8-cent-per-gallon increase for the United States as a whole.
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Gasoline and diesel fuel prices continue to climb
The U.S. average retail price of regular gasoline increased two cents this week to $3.74 per gallon, 16 cents per gallon higher than last year at this time.
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Drivers of the recent rise in U.S. gasoline prices
On July 2, the average price at the pump for regular gasoline in the United States was $3.36 per gallon, the lowest level since the first week of 2012.
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U.S. crude oil: Total consumption falls almost 2 percent
Total consumption fell by 340 thousand bbl/d (1.8 percent) last year. Motor gasoline consumption accounted for the bulk of that decline, shrinking by 260 thousand bbl/d.
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Global crude oil: Consumption expected higher in 2012, 2013
EIA expects global liquid fuels consumption growth of about 0.8 million bbl/d in 2012 and 0.9 million bbl/d in 2013. Despite downside risks to global oil demand, the spot price for Brent crude climbed back above $100 per barrel in July after prices sank below $90 per barrel in June.
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Gasoline and diesel fuel prices continue to increase
The U.S. average retail price of regular gasoline increased 14 cents this week to $3.65 per gallon, three cents per gallon lower than last year at this time.
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