Remove Gasoline Remove Motor Remove Oil Prices Remove Price
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

Machine learning PODA model projects the impact of COVID-19 on US motor gasoline demand

Green Car Congress

The PODA model is a machine-learning-based model to project the US gasoline demand using COVID-19 pandemic data, government policies and demographic information. The Motor Gasoline Demand Estimation Module quantifies motor gasoline demands due to the changes in travel mobility. —Ou et al.

Gasoline 505
article thumbnail

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

Green Car Congress

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.

2015 210
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. Consumer gasoline demand, as measured by total motor gasoline deliveries, of 9.3 By contrast, conventional gasoline is used more in rural areas and rose by 1.5%

2007 259
article thumbnail

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. gal last summer.

2019 186
article thumbnail

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

Green Car Congress

For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 EIA expects that domestic refinery production, including gasoline blendstock output, will be about 20,000 b/d lower this summer than last summer. of total gasoline consumption. EIA expects the US residential electricity price this summer to be 2.4%

Gasoline 150
article thumbnail

EIA: US refineries running at record levels; gasoline demand; exports up

Green Car Congress

Lower crude oil prices and strong demand for petroleum products, primarily gasoline, both in the United States and globally, have led to favorable margins that encourage refinery investment and high refinery runs. Since May 20, Gulf Coast gasoline crack spreads have averaged 17 cents/gal higher than for distillate crack spreads.

Gasoline 150