Green Car Congress
JANUARY 5, 2018
US regular retail gasoline prices averaged $2.41 per gallon in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015, according to the US Energy Information Administration (EIA). Higher crude oil prices in 2017 contributed to higher gasoline prices. gal at some point in the year.
Green Car Congress
JANUARY 5, 2019
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 (Houston). gal at least once in 2018.
Green Car Congress
SEPTEMBER 18, 2015
Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. Clearly for now, the party is over for tight oil.
Green Car Congress
DECEMBER 14, 2016
The collapse of oil prices has forced the US shale industry to slash production costs. Even if production is to continue to rise, it will require steadily higher crude oil prices. by James Stafford of Oilprice.com. This is a process known as “high-grading.”
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