article thumbnail

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). in the commercial sector. —EIA Administrator Joe DeCarolis. and by 1.5% EIA expects that US households will use 2.9%

Oil 344
article thumbnail

EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

Green Car Congress

US regular gasoline retail prices averaged $2.78 In June, monthly retail gasoline prices averaged $3.06/gal, EIA forecasts regular-grade gasoline prices to average $2.92/gal Retail sales of electricity to the commercial sector also grow in the forecast, but they grow at the slightly slower pace of 2.1%

2019 243
article thumbnail

API: total US petroleum demand topped 20.8 mb/d in July, highest since 2005; on-road fuel demand down

Green Car Congress

The increase in demand came as the US continued to sustain world-leading production, which continues to meet virtually all global oil demand growth. Consumer gasoline demand, measured by total motor gasoline deliveries, was 9.6 compared with July 2018, even as gasoline prices were 3.6% from June and 0.4%

2005 207
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. gallon gasoline. Click to enlarge.

article thumbnail

New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years

Green Car Congress

At the current pace of research and development, replacing gasoline and diesel with renewable fuel alternatives could take some 131 years, according to a new University of California, Davis, study using a new sustainability forecasting approach based on market expectations. The forecast was published online 8 Nov.

Davis 300
article thumbnail

VTT study concludes gasification-based pathways can deliver low-carbon fuels from biomass for about 1.90-2.65 US$/gallon

Green Car Congress

The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oil prices 100 $/bbl and 150 $/bbl. Converted into gasoline-equivalent price per liter, the estimated production cost would be 0.5–0.7 Source: VTT. 0.7 €/liter (app.

Carbon 218
article thumbnail

Purdue analysis finds H2Bioil biofuel could be cost-competitive when crude is between $99–$116/barrel

Green Car Congress

Resulting gases are passed over catalysts, causing reactions that separate oxygen from carbon molecules, making the carbon molecules high in energy content, similar to gasoline molecules. This break-even crude oil price compares favorably with the literature estimated prices of fuels from alternate biochemical and thermochemical routes.