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Oil Prices on the Rise Again

Green Energy Consumers

If you’ve been following the economic news, you know that inflation has generally subsided and employment has been strong. But in recent weeks, we have seen a rise in oil prices. Nationally, gasoline prices have risen almost a penny per day for the last month. What’s going on?

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. That is not good news for oil prices.

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Oil price tumbles after OPEC releases 2015 forecast

Green Car Congress

Almost all the news flow points to a weaker market,” said one oil analyst , Carsten Fritsch of Commerzbank in Frankfurt. “We In fact this year’s price plunge hasn’t hurt just the weaker OPEC members. Bloomberg reports that oil prices now are too low for 10 of its 12 members to balance their governments’ budgets.

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VW eGolf supply, rising oil prices in 2020, and an electric double-decker bus: Today's Car News

Green Car Reports

Analysts forecast oil prices may double by 2020. All of this and more on Green Car Reports. The Volkswagen eGolf is in extremely short supply. Los Angeles introduces the first electric double-decker bus. And Ontario, Canada, ends a rebate program for electric cars and chargers.

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Georgia Electric-Car Fee, Diesel Trucks, Oil Prices: Today's Car News

Green Car Reports

Today, a proposed bill could cut Georgia's electric-car fee, an advocate makes the case for diesel pickup trucks, and a huge trader believes oil prices will remain low for a decade. All this and more on Green Car Reports. The Tesla Model X electric crossover will go on sale in China before Europe.

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Opinion: Consumers winning with low oil prices, for now

Green Car Congress

Columbia and Associate Director of the Maguire Energy Institute at the Cox School of Business at Southern Methodist University in Dallas says it has: “No question we’re seeing the effects of lower oil prices throughout the economy.”. This “fracklog” is, in essence, in-ground storage, waiting for better prices.

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RAV4 Hybrid and Model 3 sales, mobile-charging tech, a win for renewable energy: Today’s Car News

Green Car Reports

Energy demand and oil prices have been in a nosedive, and that could be a good thing for renewable energy. Two tech companies with range-anxiety-soothing ideas have been nudged to the next level by investors. And why did sales sink so dramatically for the two top-selling electrified vehicles in the U.S. leading into the pandemic?