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How crude-oil prices influence gasoline prices

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Thus, the price of crude oil should have a strong influence on the price of gasoline. However, the retail price of gasoline includes other costs as well. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline.

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California Gasoline Use Down 2.3%, Diesel Down 3.2% in November 2009

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in November 2009 compared to the same month in 2008, according to figures released by Betty T. compared to January through November of 2008. percent in November 2009 when Californians used 1.170 billion gallons of gasoline compared to 1.198 billion gallons in November 2008. in November 2008, a 19.9% per gallon.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. bbl, they were the second-highest in inflation adjusted terms, behind only 1864.

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Economic Impact Study Finds Grid-Enabled Vehicle Policies in Electrification Coalition Roadmap Would Result in Substantial Economic Benefit for US

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By 2030, the typical US household’s annual income would rise by $2,763 (2008 dollars). trillion (2008 dollars) in aggregate income—money that can be saved or spent on other goods and services. Oil Imports. US crude oil and petroleum product imports would fall sharply, by 3.2 Global Demand for Oil. Trade Deficit.

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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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Due to its viscosity, bitumen cannot be transported by pipeline on its own, but must be mixed with a petroleum-based diluent, such as naphtha or natural gas condensate, to make a less viscous liquid called dilbit; or it must be upgraded to a medium weight crude oil called “synthetic crude oil”. 2012 Keystone XL plan vs. 2008 plan.

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New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years

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We would expect that new reserves of conventional and unconventional oil may become available for exploration due to geological exploration and advances in oil extraction techniques or that extraction from less feasible oil fields becomes more economically attractive.

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