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.
FULL STORY »
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.
FULL STORY »
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 »
