Green Car Congress

JUNE 2, 2022

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. The reason is that, in the United States, oil is used to generate less than 1% of electricity.

Gasoline-Electric 321

Gasoline-Electric Gasoline Cost Of Diesel 321

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

Gasoline 236

Gasoline San Francisco Price 2017 236

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). Higher electricity prices mean that the average US household will pay about the same amount for electricity this summer as last summer.

Oil 344

Oil Price Production Oil Prices 344

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.

Oil 370

Oil China Gasoline Diesel 370

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.

Gasoline 505

Gasoline Motor Motors Motoring 505

Green Car Congress

DECEMBER 8, 2020

Gasoline sales fell 8.4% (nearly 185 million less gallons) from the previous week for the seven-day period ending 28 November, bringing consumption to the lowest level for a Thanksgiving Week in 23 years, going back to 1997. Northeastern gasoline sales dropped 10.1% —Tom Kloza, executive director, IHS Markit.

Gasoline 321

Gasoline 2020 Wyoming New Jersey 321

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

Oil Prices 268

Oil Prices Oil Price Carbon 268

Green Car Reports

NOVEMBER 30, 2014

Oil prices are at their lowest levels in four years, and retail gasoline prices are likely to follow--more or less. celebrated its Thanksgiving holiday, oil prices fell 7 percent after OPEC announced it would leave production levels unchanged, according to CNN. The price of WTI crude oil in the U.S.

Oil Prices 163

Oil Prices Oil Price Gas 163

Green Car Congress

JANUARY 5, 2018

US regular retail gasoline prices averaged $2.41 Higher crude oil prices in 2017 contributed to higher gasoline prices. Source: US EIA, Gasoline and Diesel Fuel Update. In 3 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal

San Francisco 150

San Francisco 2017 Gasoline 2016 150

Green Car Congress

DECEMBER 11, 2014

27, OPEC refused to lower its production levels below 30 million barrels a day, adding to the oil glut that started with the US boom in high-quality shale oil. As a result, the price of Brent crude has plunged more than 40 percent since June. You start to price that in now.”. And yet on Nov. million barrels to 377.4

Oil Prices 199

Oil Prices Oil 2015 Price 199

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

Global 210

Global Fuel Production South America 210

Green Car Congress

MAY 24, 2022

On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

Diesel 259

Diesel Price California Philadelphia 259

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.

Fuel Economy 482

Fuel Economy Economy Light 2018 482

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 quota, with oil already allocated away from the U.S.,

Oil Prices 150

Oil Prices Oil Price Dallas 150

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

Gasoline 269

Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

JANUARY 31, 2017

If the proposed broad 20% border-adjustment tax were implemented and applied to the energy sector, the result would likely lead to a large increase in gasoline prices and a big premium in domestic oil prices vs. international, according to new analysis by Bloomberg Intelligence. Pump prices could rise an average $0.30

Tax 150

Tax Gasoline Price Oil 150

Green Car Congress

JULY 17, 2012

Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased.

Davis 334

Davis MIT Gasoline 2010 334

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. However, the amount of time taken to make up that price differential depends on the cost of fuel.

CO2 353

CO2 Fleet Emissions Oil Prices 353

Green Car Congress

APRIL 26, 2012

US gasoline demand this summer is expected to be the lowest in 11 years, while the average summer fuel price is forecast to be at a record level, according to the US Energy Information Administration (EIA). US gasoline consumption is forecast to average almost 8.8 less than 2007’s record summer gasoline demand of 9.4

Gasoline 247

Gasoline Price 2001 Oil Prices 247

Green Car Congress

JANUARY 11, 2023

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273

Emissions Oil Prices 2005 Coal 273

Green Car Congress

DECEMBER 17, 2014

The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). The price for US regular gasoline has fallen 11 weeks in a row to an average $2.55

2015 210

2015 Gasoline Fuel Economy MPG 210

CleanTechnica EVs

AUGUST 19, 2022

Thanks to Covid-induced supply chain issues and Russia’s war with Ukraine, oil prices have surged to over $100/barrel at times. That and the dearth of refining capacity (converting crude oil to gasoline/diesel) has pushed the price of gasoline and diesel to record highs.

Ukraine 122

Ukraine Parts Fuel Oil Prices 122

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. Consumer gasoline demand, as measured by total motor gasoline deliveries, of 9.3 Reformulated-type gasoline, which is consumed primarily in urban areas, was flat with growth of 0.1%

2007 259

2007 Oil Prices Oil Production 259

Green Car Congress

JULY 7, 2012

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

Japan 258

Japan Gasoline Fuel Gasoline-Electric 258

Green Car Congress

APRIL 11, 2017

For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 EIA expects that domestic refinery production, including gasoline blendstock output, will be about 20,000 b/d lower this summer than last summer. of total gasoline consumption. For all of 2017, the forecast average price for regular gasoline is $2.39/gal,

Gasoline 150

Gasoline Production Gasoline-Electric Oil 150

Green Car Congress

JUNE 1, 2009

China will raise gasoline and diesel benchmark retail prices by 400 yuan (US$58.6) The benchmark retail price for gasoline would increase by 7 percent and the price of diesel by 8 percent, said a statement on the NDRC website. It is the third oil price adjustment this year.

Gasoline 150

Gasoline Diesel Price China 150

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.

Waste 236

Waste Gasoline Gas Fuel 236

CleanTechnica EVs

JULY 19, 2022

Thanks to Covid-induced supply chain issues and Russia’s war with Ukraine, oil prices have jumped to over $100/barrel. That and the dearth of refining capacity (converting crude oil to gasoline/diesel) has pushed the price of gasoline and diesel to record highs.

Ukraine 98

Ukraine Parts Fuel Oil Prices 98

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

2019 243

2019 Global Fuel Gasoline-Electric 243

CleanTechnica EVs

JUNE 24, 2022

Thanks to Covid-induced supply chain issues and Russia’s war with Ukraine, oil prices have jumped to over $100/barrel. That and the dearth of refining capacity (converting crude oil to gasoline/diesel) has pushed the price of gasoline and diesel to record highs.

Ukraine 98

Ukraine Parts Fuel Oil Prices 98

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.

Gasoline 150

Gasoline 2014 Louisiana Oil 150

Green Car Congress

MARCH 2, 2010

California gasoline consumption decreased 2.3% January through November 2009, California gasoline consumption declined 1.4% January through November 2009, California gasoline consumption declined 1.4% Gasoline consumption declined 2.3 The average price at the pump for gasoline in California during November 2009 was $3.01

2009 199

2009 Gasoline California Diesel 199

Green Car Congress

JULY 28, 2015

The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. Is Saudi Arabia likely to win a potential price war against Asian producers of diesel? By offering almost 2.8

Saudi Arabia 150

Saudi Arabia Price Oil India 150

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.

Plug-in 150

Plug-in Oil Cheap Plug 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%

2005 207

2005 Fuel 2018 Oil 207

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 last summer.

2019 186

2019 Fuel Coal Motor 186

Green Car Congress

APRIL 16, 2010

US refineries produced more gasoline in March 2009—at 9.3 March gasoline deliveries (a measure of demand) were higher—at 9.2 The highest amount of gasoline ever delivered was 9.6 Total March deliveries of all products, including gasoline, distillate, kerosine-jet fuel, and residual fuel, rose 3.5% from a year ago.

Gasoline 186

Gasoline North Dakota Production 2009 186