Green Car Congress

MAY 18, 2018

April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. 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. Domestic WTI crude oil prices averaged $66.25

2007 259

2007 Oil Prices Oil Production 259

Green Car Congress

NOVEMBER 23, 2017

In January 2015 Sasol announced it was delaying a final investment decision on the proposed project near Lake Charles, Louisiana to conserve cash in response to lower oil prices. Sasol has also decided not to invest in any additional crude oil refining capacity. —Stephen Cornell.

Oil Prices 150

Oil Prices Louisiana South Africa Oil 150

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. Much of the refinery output is reaching global markets, as net exports are 19% higher this year through May.

Gasoline 150

Gasoline 2014 Louisiana Oil 150

Green Car Congress

AUGUST 30, 2009

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.

Transportation 317

Transportation Fuel Renewable Gasoline-Electric 317