U.S. Oil Outlook: Gasoline prices will continue to fall

Between the beginning of October and the end of February, U.S. average heating degree days were 13% higher than last winter (indicating colder weather) and 10% above the 10-year average. The Northeast was 13% colder than last winter, the Midwest and South both 19% colder, while the West was 5% warmer. The cold weather had the greatest effect on households in the Midwest that primarily use propane and those in the Northeast that rely on heating oil. FULL STORY »

Brent crude oil prices expected to weaken

Brent crude oil spot prices in February averaged between $108/bbl and $112/bbl for the eighth consecutive month. EIA expects the Brent crude oil price to weaken as non-OPEC supply growth exceeds growth in world consumption. The Brent crude oil price is projected to average $105/bbl and $101/bbl in 2014 and 2015, respectively. FULL STORY »

Petroleum Product Exports Continued to Rise in 2013

Gasoline price are up while diesel fuel stays flat. Propane inventories rise and residential heating oil and propane prices decrease. 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 »

Developments in U.S. ethanol exports

After transitioning from a net importer of ethanol to a net exporter during 2010, the United States exported record levels of ethanol through the end of 2011 and looks to be on track to continue exporting significant volumes during 2012. FULL STORY »

Oil rises above $109, Iran in focus

Oil rose above $109 a barrel on Friday as rising tension over major oil exporter Iran and a report showing the U.S. economy created more jobs countered concern about the euro zone debt crisis. FULL STORY »

Oil price above $100 on international banking plan

The price of oil on Wednesday finished trading above $100 for the first time in two weeks, as the U.S. and other countries made it easier for banks to lend money and keep the global economy growing. FULL STORY »

Oil above $98 ahead of US crude supply data

Oil prices rose to near $98 a barrel Tuesday as traders looked to the latest U.S. crude supply reports for signs demand may be improving. FULL STORY »

Oil prices fall on fears of slow economic growth

Oil prices fell Monday on fears that the world economy will weaken and push down demand for crude. FULL STORY »

Oil below $97 on fears about EU debts, US deficit

Oil prices fell below $97 a barrel Monday, echoing a decline in global equities on persistent concerns about the European debt crisis and floundering efforts to cut the U.S. deficit. FULL STORY »

Oil falls nearly 4 percent on profit taking

Oil prices tumbled Thursday, with U.S. crude dropping 4 percent as investors booked profits a day after a surge to five-month highs tested key technical levels. FULL STORY »

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