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. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. Fuels Market Background Oilby Michael Sivak.

2018 194

Bloomberg Intelligence: US border tax could boost gasoline prices average $0.30/gallon

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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 PBF, due to its East and West Coast refineries, is the least able to switch to more domestic crude oil compared with peers.

2017 163
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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 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). In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal at least once in 2018.

2019 204

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Some of the ICCT recommendations are mirrored in the recently released Baucus draft proposal for tax reform ( earlier post ), notes Dr. Chris Malins of the ICCT, one of the study’s co-authors. Environmental Protection Agency drastically lowering the amount of cellulosic biofuel that must be blended into gasoline and diesel each year.

2013 221

California Gasoline Use Down 2.3%, Diesel Down 3.2% in November 2009

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California gasoline consumption decreased 2.3% January through November 2009, California gasoline consumption declined 1.4% Gasoline consumption declined 2.3 percent in November 2009 when Californians used 1.170 billion gallons of gasoline compared to 1.198 billion gallons in November 2008. The average price at the pump for gasoline in California during November 2009 was $3.01 Diesel prices in California were $2.96

2010 179

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

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In a December 2010 research note on the 2011 outlook for the oil market, Deutsche Bank (DB) analysts have revised their earlier expectations of the pace of near-term transportation electrification trends (slower) and gasoline demand (greater) but note that the developments in the global transportation sector in 2010 have increased their confidence “ in the pace and breadth of the long-term shift to a more efficient transportation system.”

2011 215

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

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The Purdue University-developed fast-hydropyrolysis-hydrodeoxygenation process for creating biofuels—H 2 Bioil ( earlier post )—could be cost-competitive when crude oil prices range from $99 to $116 per barrel, depending upon the source of hydrogen, the cost of biomass and the presence or absence of a federal carbon tax, according to a new study by the Purdue team.

2012 204

Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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One of the main reasons which limit the mass adaption of electric cars or EVs is its price difference in comparison with its IC engine counterpart. A study conducted by BloombergNEF forecasts that Electric vehicles will be cheaper than gasoline-powered vehicles in Europe.

Tax 52

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

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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. A study by researchers at Finland’s VTT has concluded that it is possible to produce sustainable low-carbon fuels from lignocellulosic biomass for as estimated gasoline-equivalent production cost of 0.5–0.7

2013 191

RAC Foundation: 830,000 households in UK spend at least 27% of their income on running a car; “transport poverty”

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Of the £44, £16 (US$24) is used to buy gasoline and diesel and £8.30 (US$12) is spent on insurance. For people already drowning under the weight of motoring costs, cutting a penny or two off the price of a litre of fuel will help but is like rearranging the deck chairs on the Titanic—ultimately futile. The average price of unleaded gasoline in the UK in January 2013 was 132.7 Diesel prices are a few p higher per liter.

2013 196

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online. High oil prices were also a factor in Brazil, where every third car-owner drives a flex-fuel vehicle that can run on either fossil or bio-based fuels.

2011 219

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. Coupled with this, the momentum could lead to downward adjustment in premium pricing, which helps provide solid foundation for premium vehicle penetration to further increase in China in the next decade. In India, falling inflation, lower interest rates, energy prices and a regained confidence will help lift the car market into growth mode starting in 2015 after a two-year lull.

2015 199

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. In 1975, General Ernesto Geisel, then-president of Brazil, ordered the country’s gasoline supply mixed with 10% ethanol. by Brian J. Donovan, CEO Renergie, Inc.

2009 258

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

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Such economic benefits could be realized earlier through effective policies which reduce first mover costs in the short term and promote rapid take-up once non-ICE vehicle price premiums reduce to levels that make them affordable to. The analysis is based on central forecasts of oil price, electricity. price and carbon pollution reduction scheme (CPRS)/carbon tax policy, and known information about the historic drivers for consumers in the vehicle.

2011 185

Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

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Focus, Renault Megane, Toyota Corolla and Opel Astra—in their analysis, and compared EV configurations to a regular gasoline car, diesel car, parallel hybrid car and series HEV (SHEV). All reference car configurations except the diesel use gasoline engines, because the. purchase cost of gasoline engines is some €1500 lower than of diesel engines. that gasoline engine-generators in SHEVs and PHEVs have the same efficiency relative to diesel.

2010 204

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

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Ninety billion gallons of ethanol (the energy equivalent of approximately 60 billion gallons of gasoline—about one-third of projected consumption by 2030) per year by 2030 was chosen as the book-end target to understand the requirements of an aggressive biofuels deployment schedule. Cellulosic biofuels can compete with oil at $90/bbl without subsidy assuming: average conversion yield of 91 gallons per dry ton of biomass; average conversion plant capital expenditure of $3.60

2009 163

UC Berkeley Study Concludes Battery Switching Model Would Accelerate Mass-Market Adoption of Electric Cars; Baseline Scenario Projects EVs Reaching 64% of New LDV Sales in 2030

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In two other scenarios considered, a high oil price scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. The analysis in the paper relies on a network externality model focusing on relative prices, operating costs, and the network effects of battery switching stations. lower on a per-mile basis than gasoline-powered cars, depending on the future price of oil.

2009 150

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. The fuel economy of gasoline-powered LDVs continues to increase, and advanced technology fuel efficiency subsystems are added, such as micro hybridization, which is installed on 42% of gasoline LDVs in 2040.

2013 241

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

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Further, the report found, only in an economic environment characterized by high oil prices, technological breakthroughs, and a high implicit or actual carbon price would biofuels be cost-competitive with petroleum-based fuels.The report also suggests that RFS2 may be an ineffective policy for reducing global GHG emissions because the effect of biofuels on GHG emissions depends on how the biofuels are produced and what land-use or land-cover changes occur in the process.

2011 214

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. This larger resource leads to about double the shale gas production and more than 20% higher total lower-48 natural gas production in 2035, with lower natural gas prices, than was projected in the AEO2010 Reference case.

2010 179

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

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The primary objectives of the National Low Carbon Fuel Standard (LCFS) Study were to (1) compare an LCFS with other policy instruments, including the existing Renewable Fuel Standard (RFS2) and a potential carbon tax, that have the potential to significantly reduce transportation greenhouse gas (GHG) emissions from fuel use; and (2) propose a policy structure for an LCFS that would be implementable, cost effective, and provide maximum economic gains to the consumers and the society.

2012 213

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. The State Department released the long-anticipated and voluminous Final Supplemental Environmental Impact Statement (Final Supplemental EIS) for the proposed Keystone XL oil pipeline project. Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices.

2014 192

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. The pipeline would primarily transport crude oil from the WCSB and Bakken regions. The majority of the WCSB oil is considered a heavy crude oil, while Bakken crude is considered a light crude oil.

Mixed Outlook for Mainstream Consumer Adoption of PHEVs

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There are large number of significant unknowns in terms of evaluating the success of future drivetrains, he said, including the future price of gasoline (“ the most important thing ”); what people think the future price of gasoline will be; future attitudes about climate change and energy security and what the government is willing to do about them; future technology progress; and how consumers will respond to new technologies. Tax the fuel.”

2009 150

Nissan’s Big Gamble

Revenge of the Electric Car

The best thing about the Nissan is the expected price range of $25K- $34K. This is before the $7,500 federal tax credit. “A lot of Americans really want to stop using imported oil,&# he says. “We’re excited about being able to market a car that will never use a drop of gasoline.&#. Pricing isn’t set. Oil vs. electrons. But Ghosn thinks rising oil prices will tilt the economics in favor of electrons.

2009 116

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

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These policies include generous tax credits for consumers and producers, new regulations of vehicle manufacturers, special access to high occupancy vehicle (HOV) lanes and city parking, loan guarantees and subsidies for companies in the PEV industry, grants for recharging infrastructure, and federal R&D support for more advanced battery technologies.

2011 191

Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

Honda, which began leasing hydrogen fuel cell FCX Claritysedans in Los Angeles last year, still sees hydrogen as the bestlong-term alternative to gasoline as a fuel that can cut carbonexhaust tied to global warming, President Takeo Fukui said in aninterview. in Japan’s Kyoto prefecture to make packsfor gasoline-electric hybrid cars. from its reliance on imported oil. customers $600 a month to lease.Honda hasn’t revealed its production price.

2009 44

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

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Betting on Science – Disruptive Technologies in Transport Fuels” selected 12 innovations in electrification and genetically modified biofuels, as well as existing fuel sources that will have the most immediate impact on emissions and on the gasoline and diesel markets. Will be competitive at an oil price of $45 to $90 at their commercial date.

2009 224

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

The Renault-Nissan Alliance and Project Better Place have signed a Memorandum of Understanding to create a mass-market for electric vehicles in Israel which is an excellent target market: it has a sales tax exceeding 60% for gasoline vehicles, gasoline costs over $6 per gallon, most driving fits the range of electric vehicles, and the government strongly supports energy independence. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil.

2009 28