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EIA: US average gasoline prices before Memorial Day highest since 2014

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The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update.

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EIA: Average US retail gasoline price exceeds $3.00 for the first time since late 2014

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Disruptions to Colonial Pipeline operations prompted an increase in the average US retail price for regular grade gasoline (retail gasoline price) to $3.03 per gallon (gal) on 17 May, the first time retail gasoline prices averaged more than $3.00/gal gal and $3.04/gal, gal and $3.04/gal, gal and $2.78/gal,

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EIA forecast of 2014 US gasoline use has risen 2 billion gallons (1.6%) in past 10 months

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The US Energy Information Administration’s (EIA) short-term forecasts of US gasoline consumption, which cover the current and upcoming calendar year, have risen 1.6% The latest Short-Term Energy Outlook (STEO) expects 2014 gasoline consumption to be 8.82 over the past year. million barrels per day (135.2 billion gallons).

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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

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). Test sales are relatively rare: the most recent test sale occurred in 2014.

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Audi begins initial engine testing of Global Bioenergies, Fraunhofer e-gasoline

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Audi remains convinced of the potential of the fuels e-gas, “e-benzin” (e-gasoline) and e-diesel and is continuing to pursue its e-fuels strategy. galons US), the largest batch yet produced—of synthetic Audi e-gasoline for initial engine tests. Audi “e-benzin” (e-gasoline) is essentially a liquid isooctane. Earlier post.)

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

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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.

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