article thumbnail

How crude-oil prices influence gasoline prices

Green Car Congress

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.

article thumbnail

Fossil Fuel Production Up in 2008 Despite Recession

Green Car Congress

World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. In 2000, coal provided 28% of the world’s fossil fuel energy production, compared with 45% for oil. Oil production reached 10.7

2008 150
article thumbnail

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the “golden age” of refining. At present, current global total liquids oil demand is approximately 100 million barrels per day, the report says. —Spencer Welch.

Oil 276
article thumbnail

The Real Reason for USA based Economic Recessions.

DIY Electric Car

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. This increase in oil prices again pushed the economy into a recession.

USA 180
article thumbnail

Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

Green Car Congress

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. tonnes per capita, despite a decline due to the recession in 2008-2009, high oil prices and an increased share of natural gas. tonnes per capita. of all energy.

2011 236
article thumbnail

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

Green Car Congress

These avenues include alternative pipeline capacity to support Western Canadian, Bakken, and Midcontinent crude oil movements to the Gulf Coast as well as rail to transport large volumes of crude oil to East, West, and Gulf Coast markets. 2012 Keystone XL plan vs. 2008 plan. Length of new pipeline (miles).

article thumbnail

Perspective: Government Leadership Needed for Electric Vehicles to Succeed

Green Car Congress

That’s where government comes in.only the government can help influence [change] by having a price for carbon and technical incentives. ”. Mr. Immelt’s point is that the spike in oil prices to $147/barrel in 2008 is not enough on its own to get automakers to make electric vehicles. This could be another air mail idea.