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How crude-oil prices influence gasoline prices

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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. Gasoline prices are also influenced by gasoline demand relative to gasoline supply.

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US average retail gasoline prices ended 2017 lower than they started

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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

Gasoline 236
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ICCT report finds expected surge in renewable diesel production could have damaging environmental impacts due to feedstock demand

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The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US. —from the report, “Animal, vegetable or mineral (oil)?”.

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Opinion: Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

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Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

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The US government must place an initial price on US greenhouse-gas emissions, either through a cap-and-trade mechanism or a tax. A tax has the advantages of predictability and being simple to implement quickly. Oil security policy. If the price later rose above $90, the tax would disappear.

Energy 150
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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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Considering that the United States produces over 8 million barrels of oil per day domestically and imports an additional 3 million bpd from secure supplies in Canada and Mexico, we can find no credible scenario in which the military would be unable to access the 340,000 bpd of fuel it needs to defend the nation. Additionally, U.S.

Price 225
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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020 150