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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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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 gal at least once in 2018. gal to $2.91/gal

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EPA: US GHG emissions in 2017 down 0.3% from 2016

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from 2016, according to the US Environmental Protection Agency’s (EPA’s) latest Greenhouse Gas Inventory. The decrease in total greenhouse gas emissions between 2016 and 2017 was driven in part by a decrease in CO 2 emissions from fossil fuel combustion. In 2017, total gross U.S. greenhouse gas emissions were 6,472.3

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EIA: Supply disruptions and increasing demand boosted US petroleum product imports in March

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Imports of petroleum product into the United States increased in March 2021 as a result of increased demand, temporary unplanned refinery outages in the US Gulf Coast, and high US petroleum product prices compared with prices in Europe, according to the US Energy Information Administration (EIA). million b/d.

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

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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 of total gasoline consumption.

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US gasoline deliveries in July highest on record

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Total motor gasoline deliveries—a measure of consumer gasoline demand—in the US in July moved up 2.4% Compared with June 2016, total motor gasoline deliveries increased 0.3%. For year-to-date, total motor gasoline deliveries increased 2.5% For year-to-date, total motor gasoline deliveries increased 2.5%

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

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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.