Green Car Congress

JULY 18, 2020

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.

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Gasoline Motor Motors Motoring 505

Green Car Congress

DECEMBER 8, 2020

Gasoline sales fell 8.4% (nearly 185 million less gallons) from the previous week for the seven-day period ending 28 November, bringing consumption to the lowest level for a Thanksgiving Week in 23 years, going back to 1997. Northeastern gasoline sales dropped 10.1% —Tom Kloza, executive director, IHS Markit.

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Gasoline 2020 Wyoming New Jersey 321

Green Car Congress

DECEMBER 22, 2014

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

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Oil Prices Oil Price Carbon 268

Green Car Congress

DECEMBER 11, 2014

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 US backlogs of gasoline and distillates also were up, according to the API.

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Oil Prices Oil 2015 Price 199

Green Car Reports

NOVEMBER 30, 2014

Oil prices are at their lowest levels in four years, and retail gasoline prices are likely to follow--more or less. celebrated its Thanksgiving holiday, oil prices fell 7 percent after OPEC announced it would leave production levels unchanged, according to CNN. The price of WTI crude oil in the U.S.

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Oil Prices Oil Price Gas 165

Green Car Congress

MARCH 13, 2015

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 by Thomas Miller for Oilprice.com. Bernard Weinstein, Ph.D.,

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Oil Prices Oil Price Dallas 150

Green Car Congress

MAY 18, 2018

April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. 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. Domestic WTI crude oil prices averaged $66.25

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2007 Oil Prices Oil Production 259

Green Car Congress

JUNE 18, 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d this year, world oil demand is forecast to expand by 2.2

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Oil Global Libya Russia 210

Green Car Congress

JANUARY 5, 2019

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. gal to $2.91/gal

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Gasoline San Francisco 2017 Price 236

Green Car Congress

JANUARY 11, 2023

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021. and 1.5%, respectively.

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Emissions Oil Prices 2005 Coal 273

Green Car Congress

APRIL 11, 2017

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 For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 of total gasoline consumption. million b/d in 2017 and 9.9 million b/d in 2018.

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Gasoline Production Gasoline-Electric Oil 150

Green Car Congress

JULY 17, 2012

Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. t margin for oil refiners. t margin for oil refiners. Results from Du/Hayes are indicated by the large square. Source: Knittel and Smith (2012). Click to enlarge.

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Davis MIT Gasoline 2010 334

Green Car Congress

JULY 8, 2021

US regular gasoline retail prices averaged $2.78 In June, monthly retail gasoline prices averaged $3.06/gal, EIA forecasts regular-grade gasoline prices to average $2.92/gal EIA forecasts regular-grade gasoline prices to average $2.92/gal EIA then expect inventories to rise by almost 0.5

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2019 Global Fuel Gasoline-Electric 243

Green Car Congress

DECEMBER 17, 2014

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). The price for US regular gasoline has fallen 11 weeks in a row to an average $2.55

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2015 Gasoline Fuel Economy MPG 210

Green Car Congress

FEBRUARY 2, 2015

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.

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Plug-in Oil Cheap Plug 150

Green Car Congress

JANUARY 31, 2017

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

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Tax Gasoline Price Oil 150

Green Car Congress

DECEMBER 16, 2013

Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. Higher natural gas production supports increased exports of pipeline and liquefied natural gas (LNG).

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Oil Light Energy Vehicles 290

Green Car Congress

MAY 24, 2022

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.

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Diesel Price California Philadelphia 259

Green Car Congress

JULY 26, 2013

The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research. Among their findings: Methanol-to-gasoline is the cheapest option.

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Waste Gasoline Gas Fuel 236

Green Car Congress

APRIL 16, 2010

US refineries produced more gasoline in March 2009—at 9.3 March gasoline deliveries (a measure of demand) were higher—at 9.2 The highest amount of gasoline ever delivered was 9.6 The highest amount of gasoline ever delivered was 9.6 US distillate production in March was up 5.3% million barrels per day in July 2007.

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Gasoline North Dakota Production 2009 186

Green Car Congress

AUGUST 7, 2015

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. Higher demand for gasoline is supporting these margins, according to the EIA.

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Gasoline 2014 Louisiana Oil 150

Green Car Congress

JULY 7, 2012

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

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Japan Gasoline Fuel Gasoline-Electric 258

Green Car Congress

AUGUST 20, 2019

The increase in demand came as the US continued to sustain world-leading production, which continues to meet virtually all global oil demand growth. Consumer gasoline demand, measured by total motor gasoline deliveries, was 9.6 compared with July 2018, even as gasoline prices were 3.6% from June and 0.4%

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2005 Fuel 2018 Oil 207

Green Car Congress

FEBRUARY 25, 2015

million Valicor corn-oil separation system (COSS) at its Nebraska Energy LLC plant in Aurora, Nebraska. Since corn oil has a higher market value, removing the oil improves dried distillers grain processing properties. High production levels and excess inventories nationally have led to tight margins, particularly in Nebraska.

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Oil Nebraska Installation Oil Prices 150

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

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Coal Oil Renewable Saudi Arabia 261

Green Car Congress

APRIL 7, 2021

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. 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.

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2019 Fuel Coal 2020 186

Green Car Congress

JULY 7, 2016

Since late 2014, the production of crude oil has outpaced demand, triggering a sustained collapse in world oil prices, which have remained mostly below $50 per barrel. As a result, these low prices have put pressure on the market for natural gas vehicles (NGVs) and the corresponding refueling infrastructure.

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Gas Oil Prices Fuel Economy Oil 150

Green Car Congress

NOVEMBER 7, 2011

Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.

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Oil 2010 2020 Global 210

Green Car Congress

JUNE 1, 2009

China will raise gasoline and diesel benchmark retail prices by 400 yuan (US$58.6) The benchmark retail price for gasoline would increase by 7 percent and the price of diesel by 8 percent, said a statement on the NDRC website. It is the third oil price adjustment this year.

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Gasoline Diesel Price China 150

Green Car Congress

NOVEMBER 9, 2010

At the current pace of research and development, replacing gasoline and diesel with renewable fuel alternatives could take some 131 years, according to a new University of California, Davis, study using a new sustainability forecasting approach based on market expectations. The forecast was published online 8 Nov.

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Davis Renewable Gasoline Market 300

Green Car Congress

AUGUST 31, 2011

World ethanol and biodiesel production, 1975-2010. Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. Source: Worldwatch Institute. Click to enlarge. Biofuels provided 2.7% —Sam Shrank.

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2010 Brazil Global Argentina 256

Green Car Congress

JANUARY 6, 2014

The Sandia researchers showed that the key to meeting the RFS2 targets is the fuel price differential between E85 fuel and conventional gasoline (low ethanol blends), so that E85 owners refuel with E85 whenever possible. The model has four sub-components: vehicle, fuel production, electricity grid; and energy supply.

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Oil Prices Gasoline-Electric Gasoline Oil 246

Green Car Congress

APRIL 14, 2015

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. With greater U.S. With greater U.S.

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2020 Energy Transportation Oil Prices 150

Green Car Congress

AUGUST 27, 2013

The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. North America.

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North America 2012 America Europe 261

Green Car Congress

FEBRUARY 23, 2017

China is the global leader in methanol use and has recently expanded its methanol production capacity. These changes were driven by an analysis of methanol use in China and the incorporation of more detailed information on the refined product markets in China and other non-OECD countries.

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2000 2016 Fuel China 150

Green Car Congress

DECEMBER 15, 2016

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.

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Global Green Production Convert 150

Green Car Reports

FEBRUARY 8, 2016

The cost of a barrel of oil is now just a fraction of what it was several years ago, and fuel prices have mostly fallen across the globe as a result. Oil prices rise and fall, but most industry analysts suggest that the emergence of North American production has loosened OPEC's ability to set prices unilaterally.

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Oil Oil Prices Price Cost Of 60