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How crude-oil prices influence gasoline prices

Green Car Congress

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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EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

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In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 million b/d in 2018—the highest annual average production in US history, surpassing the previous record of 9.6 US crude oil production averaged an estimated 9.3

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

Green Car Congress

In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million barrels per day (b/d) in 2016, will average 9.2 For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 million b/d in 2017 and 9.9

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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 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal Gulf Coast retail gasoline prices tend to be the lowest in the country.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

Green Car Congress

The US Department of Energy (DOE) will award some $118 million in funding for 17 projects to accelerate the production of sustainable biofuels. Topic Area 1: Pre-Pilot Scale-Up of Integrated Biorefineries Algenesis Corporation, “Pre-Pilot Scale Production of Algae-based Jet Fuel and Polyurethane Monomers”, $4,987,974.

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Chrysler to introduce PHEV models in 2016 and 2017 to meet ZEV requirements; new FCA gasoline engine family coming in 2015

Green Car Congress

One will be a PHEV version of the new Chrysler Town & Country minivan to be introduced in 2016; the second will be a PHEV version of a new full-size crossover vehicle to be introduced in 2017. FCA will launch a PHEV minivan in 2016 to comply with ZEV requirements. Variable displacement oil pump. —Bob Lee. Aluminum block.

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US total petroleum demand up in September year-on-year; highest September gasoline deliveries on record

Green Car Congress

For the third quarter of 2016, total petroleum deliveries, a measure of US petroleum demand, decreased by 0.1% Gasoline deliveries in September were up from the prior year, the prior year’s third quarter, and the prior year to date, but were down from the prior month. US crude oil production declined 8.9% to average 10.1

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