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US average retail gasoline prices ended 2017 lower than they started

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US regular retail gasoline prices averaged $2.72 However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the first time since 2015, according to the US Energy Information Administration (EIA). gal at least once in 2018.

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DOE: US gasoline taxes dropped below 20% of total price in 2015

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Fuel taxes in the United States in 2015 accounted for 19% of the price of a gallon of gasoline, down from just under 30% in 1990, according to figures compiled by the US Department of Energy (DOE). Japan’s gasoline taxes were nearly half of the price in those years. Source: DOE. Click to enlarge.

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Average gasoline prices in US up 13% in 2017 from 2016, but lower than in 2015

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US regular retail gasoline prices averaged $2.41 per gallon in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015, according to the US Energy Information Administration (EIA). Higher crude oil prices in 2017 contributed to higher gasoline prices. gal at some point in the year.

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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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In the second half of the year, China processed slightly less crude oil and began exporting significantly less gasoline and diesel than in the first half of the year to ensure sufficient domestic supply. China’s crude oil processing has also declined because relatively high crude oil prices are making importing crude oil more expensive.

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EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

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The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). Gasoline prices are forecast to go even lower in 2015.

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EIA: price of gasoline tends to have little effect on travel demand; price elasticity has fallen

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The 28% drop in the US average retail price of gasoline since 23 June may not have much effect on automobile travel, and in turn, gasoline consumption, according to an analysis by the US Energy Information Administration (EIA). Gasoline is a relatively inelastic product—i.e., per gallon on June 23, to $2.68

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Nacero selects Topsoe’s TIGAS technology for gas-to-gasoline unit; reducing lifecycle carbon footprint up to 50%

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Nacero has licensed Topsoe TIGAS (Topsoe Improved Gasoline Synthesis) technology for its multi-billion USD natural-gas-to-gasoline facility in Penwell, Texas to produce 100,000 barrels per day of gasoline component ready for blending into US commercial grades. The captured CO 2 will be used for enhanced oil recovery.

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