article thumbnail

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). EIA also published its annual Summer Electricity Industry Outlook , which forecasts that continued US economic growth will increase electricity use by 0.4%

Oil 344
article thumbnail

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA forecasts that the European benchmark Brent crude oil price will average less than $80 per barrel in 2024, more than 20% lower than in 2022. per gallon in 2023 and $3.10

article thumbnail

Gas prices due to drop in 2024, as EVs plug into cleaner energy

Green Car Reports

The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024.

Cleaner 169
article thumbnail

Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

Green Car Congress

In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

Gasoline 357
article thumbnail

Gas prices due to drop in 2024, as EVs plug into cleaner energy

Baua Electric

The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. It’s part of a broader shift toward wind and solar that’s been underway for some time.

Cleaner 52
article thumbnail

Audi introduces new CNG A3 Sportback

Green Car Congress

Sales in Germany and other European countries begin in fall 2020 at a base price of €30,705.88. This is supplemented by the additional range offered by the reserve gasoline tank with a net usable volume of 9 liters (2.4 A narrow steel cylinder with a capacity of approximately 4 kilograms of gas is mounted in front of the gasoline tank.

Audi 504
article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60