Remove 2017 Remove Gasoline Remove Oil Prices Remove Products
article thumbnail

How crude-oil prices influence gasoline prices

Green Car Congress

Gasoline is one of the products refined from crude oil. 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. barrel, while the gasoline prices peaked on July 16, 2008 at $4.103/gallon.

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 $2.91/gal

Gasoline 236
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. Total petroleum products delivered to the domestic market in April 2018 were 20,308,000 b/d—a seasonal decrease of 1.5% above April 2017. versus April 2017.

2007 259
article thumbnail

EIA STEO projects higher US crude production, increases in travel and gasoline demand

Green Car Congress

In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2017 and 9.9 For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 of total gasoline consumption.

Gasoline 150
article thumbnail

Bloomberg Intelligence: US border tax could boost gasoline prices average $0.30/gallon

Green Car Congress

If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

Tax 150
article thumbnail

EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

Green Car Congress

Retail diesel prices in these regions are nearly equal to California’s average of $6.47/gal, gal, according to EIA’s Gasoline and Diesel Fuel Update. Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets.

Diesel 259
article thumbnail

Global Bioenergies reports first production of green isobutene at demo plant

Green Car Congress

The first trials on the demo plant in Leuna were successfully completed, within schedule, in the fall of 2016 and Global Bioenergies announced first production of green isobutene via fermentation. In the fuel sector, it is presently used to manufacture isooctane, ETBE and MTBE which are valuable compounds used in gasoline mixes.

Global 150