Market Outlook

U.S. Gasoline & Diesel Prices Continue To Drop

The U.S. average price for regular gasoline has declined for five consecutive weeks. Prices dropped by over 2 cents to hit $2.70 per gallon, 3 cents higher than a year ago. FULL STORY »

Keep An Eye On More Than WTI

The price path of different crude oil benchmarks has not been smooth over the past year, with oil prices moving up and down (Figure 1) as the market tests new levels amid numerous uncertainties, including changing perceptions of global economic recovery and renewed world oil demand growth. FULL STORY »

Prices, Profitability & Supply/Demand

The U.S. public is concerned about rising food prices and escalating fuel prices. Recent increases in both fuel and grain prices lead to questions of how these prices have compared historically. Comparisons are presented for crude oil, diesel fuel and gasoline with corn and soybean prices.

Record Ethanol Production Boost, Corn Use

Total U.S. corn use for 2009/10 is projected 135 million bushels higher to 13,190 million bushels this month as increased FSI use more than offsets a reduction in expected feed and residual use. Corn use for ethanol is raised 150 million bushels to 4,550 million, reflecting the continued record pace of ethanol production and usage through March based on the latest data from the U.S. Energy Information Administration (EIA). FULL STORY »

Natural Gas Outlook: Storage Increases To 2,456 Billion Cubic Feet

Working natural gas in storage increased to 2,456 billion cubic feet (Bcf) as of Friday, June 4, following an implied net injection of 99 Bcf, according to EIA’s Weekly Natural Gas Storage Report.

Gasoline & Diesel Prices Decrease

Although the U.S. average price for regular gasoline continued to weaken, the price slipped less than half a cent, remaining essentially unchanged at $2.73 per gallon. FULL STORY »

Natural Gas Outlook: Production To Increase By 2 Percent

Total natural gas consumption is about 0.5 Bcf/d higher in this forecast than in last month's Outlook, averaging 64.9 Bcf/d and 64.6 Bcf/d in 2010 and 2011, respectively. FULL STORY »

U.S. Oil Outlook: Liquid Fuels Consumption Growing

U.S. liquid fuels consumption is beginning to show signs of recovery after having fallen by an average 810,000 bbl/d in 2009, the fourth consecutive annual decline. Total liquid fuels consumption fell by an average 20,000 bbl/d in the first quarter compared with the same period last year. FULL STORY »

World Oil Outlook: Projected 2010 Prices Lowered

EIA has lowered its projections for world oil prices slightly for 2010. Uncertainty about economic growth in China and in the Euro zone has continued to weigh on oil markets, and declines in equity markets have led to fears that the economic recovery may not progress as fast as had been hoped. FULL STORY »

New Weekly Petroleum Status Report Debuts June 9, 2010

The Weekly Petroleum Status Report (WPSR), one of EIA’s most closely followed petroleum data publications, is undergoing major improvements. FULL STORY »

Gasoline & Diesel Prices Fall Further

Dropping for the third week in a row for a cumulative decline of nearly $0.18, the U.S. average price for regular gasoline fell six cents last week to $2.73 per gallon. FULL STORY »

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AG10 Series Silage Defacers

Loosen silage while maintaining a smooth, compacted bunker space resulting in better feed and less waste. This unique tool pierces, ... Read More

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