article thumbnail

EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

Green Car Congress

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). Crude oil inventories reached a recent low of 413.9

Oil 417
article thumbnail

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

Green Car Congress

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. Gasoline prices in some US markets have been more than $3.00/gal The average US gasoline price on 24 May was $1.14/gal gal higher than a year ago.

Gasoline 243
article thumbnail

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

Green Car Congress

gal since 27 October 2014, according to the US Energy Information Administration (EIA). Shipments through Colonial Pipeline move about five miles per hour, so some markets may need to rely on regional inventories until the fuel on the Colonial Pipeline can transit the pipeline. gal and $3.04/gal,

Gasoline 243
article thumbnail

Ballard in new multi-year fuel cell supply agreement with Plug Power For forklift market

Green Car Congress

Ballard Power Systems has signed a long term supply agreement with Plug Power Inc. The new supply agreement replaces an existing agreement and creates the opportunity for Ballard to remain in a leading supply position for fuel cell stacks in Plug Power’s GenDrive systems.

Plug-in 236
article thumbnail

Hitachi Automotive supplying Li-ion packs to Nissan for the 2014 Pathfinder Hybrid

Green Car Congress

—is supplying the 144V lithium-ion battery pack for the 2014 Nissan Pathfinder Hybrid sport utility vehicle now on sale in North America. It has since supplied the market with more than 4.5 Hitachi Automotive Systems Americas, Inc.—the Earlier post.). Li-ion pack for the Pathfinder. Click to enlarge.

Li-ion 231
article thumbnail

Abandoned History: The Apple Electric Car Project, Rest in Peace (2014-2024)

The Truth About Cars

Let’s start at the beginning, in 2014. In the latter portion of 2014 the project was approved by CEO Tim Cook. Wealthy investors, market analysts, and board members were all behind Apple’s development of an autonomous EV. They considered it a natural evolution in an all-new market where the company could assert its dominance.

2014 114
article thumbnail

3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. Of course, these figures are not inevitable.

Oil 150