Green Car Congress

APRIL 29, 2022

China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). China’s crude oil processing has also declined because relatively high crude oil prices are making importing crude oil more expensive.

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Green Car Congress

JULY 18, 2020

The PODA model is a machine-learning-based model to project the US gasoline demand using COVID-19 pandemic data, government policies and demographic information. The Motor Gasoline Demand Estimation Module quantifies motor gasoline demands due to the changes in travel mobility. —Ou et al.

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Gasoline Motor Motors Motoring 505

Green Car Congress

JANUARY 5, 2019

US regular retail gasoline prices averaged $2.72 However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the first time since 2015, according to the US Energy Information Administration (EIA). gal at least once in 2018. gal to $2.91/gal

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Green Car Congress

MARCH 27, 2020

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1

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Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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Oil Prices Oil Price Carbon 268

Green Car Congress

DECEMBER 11, 2014

US backlogs of gasoline and distillates also were up, according to the API. Almost all the news flow points to a weaker market,” said one oil analyst , Carsten Fritsch of Commerzbank in Frankfurt. “We Abhishek Deshpande, an oil market analyst at Natixis, agreed. Market Background Oil' million barrels.

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Oil Prices Oil 2015 Price 199

Green Car Congress

MAY 11, 2022

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). —EIA Administrator Joe DeCarolis. in the United States this summer (June–August) compared with the summer of 2021.

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Oil Price Production Oil Prices 344

Green Car Congress

APRIL 13, 2023

Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. Despite OPEC+ announcing it would cut crude oil production by 1.2 from its previous forecast. gal and $3.70/gal

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Green Car Congress

MAY 3, 2020

A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to approximately two trillion gallons of gasoline. gasoline demand would have put upward pressure on world oil prices.

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Green Car Congress

APRIL 8, 2020

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market.

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CO2 Fleet Emissions Oil Prices 353

Green Car Congress

JANUARY 11, 2023

The year 2022 was marked by the emergence of longer-term economic repercussions of the COVID-19 pandemic and an unexpected war in Eastern Europe that caused turmoil in energy markets. Industrial production was affected by supply chain turmoil and rising oil prices, leading to higher production and shipping costs.

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Emissions Oil Prices 2005 Coal 273

Green Car Congress

MARCH 13, 2015

Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 If you’re a consumer, you want the lowest price possible.

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Oil Prices Oil Price Dallas 150

Green Car Congress

MAY 18, 2018

The first four months of this year also saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices. Total petroleum products delivered to the domestic market in April 2018 were 20,308,000 b/d—a seasonal decrease of 1.5% Domestic WTI crude oil prices averaged $66.25

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2007 Oil Prices Oil Production 259

Green Car Congress

JULY 26, 2013

The price disparity between crude oil and other resources, coupled with the emergence of cheap and abundant shale gas, especially in the United States, is opening up opportunities to produce cheaper gasoline, according to a new report from Lux Research. Among their findings: Methanol-to-gasoline is the cheapest option.

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Waste Gasoline Gas Fuel 236

Green Car Congress

AUGUST 7, 2015

Lower crude oil prices and strong demand for petroleum products, primarily gasoline, both in the United States and globally, have led to favorable margins that encourage refinery investment and high refinery runs. Since May 20, Gulf Coast gasoline crack spreads have averaged 17 cents/gal higher than for distillate crack spreads.

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Gasoline 2014 Louisiana Oil 150

Green Car Congress

NOVEMBER 9, 2010

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.

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Davis Renewable Gasoline Market 300

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MAY 24, 2022

Retail diesel prices in these regions are nearly equal to California’s average of $6.47/gal, gal, according to EIA’s Gasoline and Diesel Fuel Update. Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets.

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Diesel Price California Philadelphia 259

Green Car Congress

JULY 8, 2021

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 EIA then expect inventories to rise by almost 0.5 million b/d in 2022. per gallon (gal) in 1H21, compared with an average of $2.20/gal

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2019 Global Fuel Gasoline-Electric 243

Green Car Congress

FEBRUARY 17, 2012

Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. Ultimately, widespread commercialization will depend on whether these ventures can reach price.

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Global Market 2012 Financing 253

Green Car Congress

FEBRUARY 2, 2015

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.

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Green Car Congress

JULY 7, 2016

Since late 2014, the production of crude oil has outpaced demand, triggering a sustained collapse in world oil prices, which have remained mostly below $50 per barrel. As a result, these low prices have put pressure on the market for natural gas vehicles (NGVs) and the corresponding refueling infrastructure.

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Gas Oil Prices Fuel Economy Oil 150

Green Car Congress

AUGUST 20, 2019

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%

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Green Car Congress

JANUARY 6, 2014

The Sandia researchers showed that the key to meeting the RFS2 targets is the fuel price differential between E85 fuel and conventional gasoline (low ethanol blends), so that E85 owners refuel with E85 whenever possible. The model begins in 2010 with 220 million LDV spark-ignition (gasoline) vehicles, 9.7 —Westbrook et al.

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Oil Prices Gasoline-Electric Gasoline Oil 246

Green Car Congress

FEBRUARY 3, 2015

However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. —Nigel Griffiths, chief automotive economist, IHS Automotive. North America.

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Green Car Congress

JANUARY 1, 2011

” 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. Click to enlarge.

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Green Car Congress

JUNE 18, 2022

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in 2023, surpassing pre-pandemic levels. mb/d in 2022 to 2.2

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Oil Global Libya Russia 210

Green Car Congress

OCTOBER 13, 2011

According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike forecasts that the global market for biofuels will increase from $82.7 between 2017 and 2021, as a combination of higher oil prices, emerging mandate.

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Global Market Financing Oil Prices 225

Green Car Congress

FEBRUARY 23, 2017

Beginning with its February Short-Term Energy Outlook (STEO), EIA incorporated revisions to historical international liquids consumption data into the STEO’s international liquid fuels market balances. This review consisted of a closer look at the refined products markets in China, and also a sectoral analysis of energy use.

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Green Car Congress

APRIL 7, 2021

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. gal on 22 March.

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2019 Fuel Coal Motor 186

Green Car Congress

APRIL 14, 2015

The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. Tcf in the High Oil and Gas Resource case.

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2020 Energy Transportation Oil Prices 150

Green Car Congress

OCTOBER 29, 2014

America’s dependence on oil ties our national and economic security to a highly-unpredictable, cartel-influenced global oil market. Diversifying the types of vehicles and fuels available to our drivers offers our city protection from often-volatile oil prices and better prepares us for the future.

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Green Car Congress

FEBRUARY 25, 2015

million Valicor corn-oil separation system (COSS) at its Nebraska Energy LLC plant in Aurora, Nebraska. Since corn oil has a higher market value, removing the oil improves dried distillers grain processing properties. Aventine Renewable Energy Inc. has installed a $2.4-million The system began operations in early January.

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Oil Nebraska Installation Illinois 150

Green Car Congress

NOVEMBER 11, 2010

BCG’s analysis finds that cellulosic ethanol is on the verge of becoming cost-competitive with gasoline at $3/gal US. If these barriers can be overcome, advanced biofuels could significantly disrupt the status quo in fuel markets. Click to enlarge. Click to enlarge. By 2020, CSP could provide power at $0.10

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Solar Boston Consulting Group Power Powered 295

Green Car Congress

DECEMBER 28, 2015

Overall, Navigant expects the worldwide market for light-duty NGVs to grow at a compound annual growth rate (CAGR) of 4.3% Navigant expects Asia Pacific to remain the largest market, with more than 1.56 Various regional factors affect the markets for natural gas vehicles (NGVs), Navigant observes. million, accounting for 2.6%

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Green Car Congress

JULY 28, 2015

With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? How will Saudi Arabia Capture Market Share Downstream? The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil.

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Saudi Arabia Price Oil India 150

Green Car Congress

JUNE 16, 2009

In the near-term (2011), lithium-ion batteries could grow to represent about 21% of the hybrid and EV advanced battery market, according to Dr. Menahem Anderman, President of Advanced Automotive Batteries and the organizer of last week’s Advanced Automotive Battery Conference 2009. Mild, moderate and strong hybrids make sense at $5/gallon.

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Li-ion 2011 Market Hybrid 150

Green Car Congress

FEBRUARY 25, 2016

Driving the sales increase is a forecast significant reduction in battery prices—the result being that during the 2020s EVs will become a more economic option than gasoline or diesel cars in most countries. The projected change between now and 2040 will have implications beyond the car market. Although some 1.3

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