Green Car Congress
APRIL 20, 2022
The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. US gasoline and diesel consumption continue to remain below their 2019 averages.
Green Car Congress
JULY 8, 2021
million b/d from 2019. million b/d—surpassing 2019 levels. million b/d (12%) from 2019 consumption. million b/d (12%) from 2019 consumption. million b/d in 2022, which would surpass the 2019 level. US regular gasoline retail prices averaged $2.78 In June, monthly retail gasoline prices averaged $3.06/gal,
Green Car Congress
JULY 21, 2021
US crude oil exports have increased significantly since 2015 and have averaged around 3.00 million b/d every year since 2019. The four-week rolling average of US crude oil export volumes has not fallen below 2.00 High oil prices have contributed to steady crude oil exports recently.
Green Car Congress
OCTOBER 2, 2019
The low levels in discoveries come as a result of a pullback during the past 10 years in the wildcat drilling that targets conventional oil and gas plays—most drastically after oil prices collapsed in 2014. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.
Green Car Congress
APRIL 15, 2017
This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. Beyond 2017, the impact of a collapse in longer-cycle conventional investment over 2014-16 begins to be felt.
Green Car Congress
NOVEMBER 4, 2019
In the United States, primary demand increased for the first time since 2014. in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5%
Green Car Congress
OCTOBER 5, 2017
Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.
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