Crude Oil

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

Ethanol issues not expected to significantly impact gas prices

In recent weeks, drought conditions have lowered the outlook for this year's corn harvest across the Midwest and raised concerns over the higher costs of fuel ethanol and satisfying the blending mandates of the Renewable Fuel Standard (RFS). FULL STORY »

Refineries continue to run at high levels in the central U.S.

While the well-publicized growth in U.S. tight oil production has the potential to significantly alter long-standing relationships in international crude oil markets, domestic price divergences resulting from this growth have already had a major impact on the U.S. refining sector. FULL STORY »

Update of the status of East Coast refineries

Concerns regarding the supply of refined products on the U.S. East Coast have eased considerably in recent months, reflecting both an improved outlook for regional refining activity and success in meeting logistical challenges. FULL STORY »

Gasoline, diesel prices increase for the 3rd consecutive week

The U.S. average retail price of regular gasoline increased seven cents this week to $3.49 per gallon, 21 cents per gallon lower than last year at this time. FULL STORY »

Gasoline and diesel fuel prices both increase again

The U.S. average retail price of regular gasoline increased two cents this week to $3.43 per gallon, 26 cents per gallon lower than last year at this time. FULL STORY »

Economic outlook weighs on projected global oil demand growth

The projected pace of global oil demand growth in this month's Outlook reflects less optimistic assumptions about the global economy. FULL STORY »

April sets monthly record for net distillate exports

One of the main drivers behind the United States' transformation from a net petroleum product importer to a net petroleum product exporter over the last several years has been the increase in distillate exports. FULL STORY »

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8560 4WD Shuttle

Built for Performance. Modern looking 83 hp workhorse with rugged, cast-iron chassis that provides more weight – resulting in more ... Read More

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