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

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

article thumbnail

The Next Oil Price Spike May Cripple The Industry

Green Car Congress

Two diametrically opposed views dominate the current debate about where the oil price is heading. But, WoodMackenzie says, many of these still-to-be-launched projects are uneconomical at oil prices in the $50s per barrel, meaning that they should not be expected to get the all-clear anytime soon. Since (non-U.S.

article thumbnail

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

Green Car Congress

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.

article thumbnail

US average retail gasoline prices ended 2017 lower than they started

Green Car Congress

US regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal gal at least once in 2018. gal to $3.01/gal gal during the year.

Gasoline 236
article thumbnail

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

Green Car Congress

From 2017 to 2018, PEV sales doubled in North America, and sales in Europe and China increased 39% and 77%, respectively, according to a new report from Navigant Research. These include vehicle availability, consumer awareness, charging infrastructure, and threats from competing alternative fuels or fuel efficiency solutions.

article thumbnail

API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

Green Car Congress

The first four months of this year also saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices. above April 2017. versus April 2017. versus April 2017. compared with April 2017. Jet fuel demand also achieved its strongest April on record.

2007 259