How crude-oil prices influence gasoline prices

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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.

The Fed Is Driving Down Oil Prices

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dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. dollar is one important variable influencing oil prices. This currency turmoil threatens oil demand growth.

Strong Dollar Could Cap Oil Prices

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dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. The problem for many emerging markets is that oil prices have been going up at the same time. Typically, oil prices trade inversely to the U.S. But the dollar and oil have been climbing in tandem for much of this year.

Oil Prices Ravaged By Financial Turmoil

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Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in oil prices on Friday. At the same time, sudden turmoil in the broader financial system also bled over into the oil market. The price slide is due to a general worsening of sentiment.

Oil prices could double by 2020, boosting electric car sales

Green Car Reports

Despite short term peaks and valleys, and a recent agreement by OPEC to ease production restrictions, the overall trend in oil prices is on the rise. That's the conclusion of Bernstein research, an investment research company, which forecast last week that oil could hit $150 a barrel by 2020, just a couple of years from now, according to an.

2018 63

Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S.

Opinion: Why oil prices must go up

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It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. The industry did not log a single “giant” oil field.

Opinion: The Saudi Oil Price War Is Backfiring

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Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.

2015 105

Opinion: Everyone Is Guessing When It Comes To Oil Prices

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Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. First there is the oil price itself. Since then, predictions for oil prices for 2015 have been all over the map— from Citigroup’s $20 per barrel, to T.

2015 105

The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be “ lower for longer ”, or even “ lower forever ”, as the electrification of transport will eat away at oil demand more and more while, at the same time, technological innovation ( shale in particular ) will greatly increase economically recoverable resources. Market Background Oil Opinion

The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. Market Background Oil

Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices.

Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

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The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. We could easily see the oil rig count down 100 by the end of the year, or more.” Some of the more expensive shale regions will not be profitable at current prices.

Commentary: Could falling oil prices spark a financial crisis?

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The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. When oil prices were high and production was relentlessly climbing, energy related junk bonds looked highly profitable. The situation will compound itself if oil prices stay low. Market Background Oil Opinion

Oil Well Strippers Suffering From Low Oil Prices

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With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil. billion barrels of oil and 18.8 percent of the US oil output, so they are a non-trivial source of US production.

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Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel.

Gas Prices To Plunge More After Oil Price Falls To 4-Year Low?

Green Car Reports

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. Thursday, while the U.S.

2014 86

Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. US oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 That is not good news for oil prices.

Will Oil Price Collapse Because We're Out Of Room To Store It?

Green Car Reports

Oil prices have dropped precipitously over the past few months, and while that''s led to lower gas prices, it''s also creating a somewhat unusual problem. No matter how much or little oil the national economy is consuming, it''s still pumped out of the ground in massive quantities. MORE: Gas Prices To Plunge More After Oil Price Falls To 4-Year Low

2015 79

Opinion: Consumers winning with low oil prices, for now

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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 Interestingly, with fuel prices lower, the Ford F-Series, Chevy Silverado and Dodge Ram trucks have been the top three selling vehicles (in that order) since September, 2014. Market Background Oil

2015 78

Oil price collapse hurting some more than others

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US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. While that may soon begin to cut into actual production figures, a new Wood Mackenzie report finds a lot of nuance in the oil patch, painting a complex picture of what to expect in 2015.

2015 75

US Shale Is Immune To An Oil Price Crash In 2017

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shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. Oil production in the Lower 48 excluding the Gulf of Mexico is expected to rise until the end of the year even if the price of oil plunges to US$40, Rystad’s analysis shows.

2017 65

Oil price tumbles after OPEC releases 2015 forecast

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The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Add to that a new report from the US government’s Energy Information Administration (EIA), which also cut its 2015 forecast for growth in global oil demand by 240,000 barrels per day, down to 880,000 barrels per day.

Opinion: Here’s what will send oil prices back up again

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Oil’s rapid decline since August of last year has been dramatic. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. Supply alone, however, doesn’t determine price.

2015 105

VW eGolf supply, rising oil prices in 2020, and an electric double-decker bus: Today's Car News

Green Car Reports

Analysts forecast oil prices may double by 2020. The Volkswagen eGolf is in extremely short supply. Los Angeles introduces the first electric double-decker bus. And Ontario, Canada, ends a rebate program for electric cars and chargers. All of this and more on Green Car Reports. The VW eGolf may be in short supply while the automaker gears up for

With oil prices low, early signs of a pullback in drilling activity

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With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream. Steep declines in oil prices may hurt their production sectors, but with lower priced oil as an input, big oil’s refining assets become more profitable.

2014 91

Harvard Study: Oil prices set to fall

Green Cars News

Let’s be honest, our interest in green cars has not only been prompted by our willingness to do more for the environment, but also for our need for affordable driving as petrol prices spiral out of control. Green cars Latest news fuel efficiency green cars Oil oil companies oil prices petrol prices

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. Market Background Oil

2015 73

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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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 For example, if lower oil prices last, they are likely to slow the growth of the electric vehicle market, to some extent.

2014 91

Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

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On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Shale oil wells lose a lot of production up front, maybe 70 percent in the first year before tapering off at a 5 to 10 percent annual decline over the next few years until leveling off for the life of the well—maybe 20 years or so out.

2015 82

Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

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Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels. If oil does not return to $100 a barrel until 2035, there will be a lot less shale companies around. Oil Opinion

Douglas-Westwood: decline in oil prices may impact development of subsea processing

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In the Douglas-Westwood Monday note , Andy Jenkins from the energy research group’s London office observes that the decline in oil prices may impact deepwater production and in particular a key future enabler: subsea processing (SSP). Unfortunately, these concerns are likely to be magnified by current oil prices and an associated reduction in capital spending.

2014 72

Baker Institute experts: major parts of the US shale sector will ramp up with $60 oil prices

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If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. This as the oil production targets agreed to at the Nov. 30 OPEC meeting have created the firmest prospect in the past two years of a meaningful oil price recovery.

2017 65

Georgia Electric-Car Fee, Diesel Trucks, Oil Prices: Today's Car News

Green Car Reports

Today, a proposed bill could cut Georgia's electric-car fee, an advocate makes the case for diesel pickup trucks, and a huge trader believes oil prices will remain low for a decade. All this and more on Green Car Reports. The Tesla Model X electric crossover will go on sale in China before Europe. Despite the Volkswagen scandal, diesels are still. Today in Car News

2016 53

Will electric cars cause oil price to crash? Navigant says no

Green Car Reports

As electric cars become more widespread, they have the potential to drastically reduce the need for oil. That will lead to reduced transportation-related carbon emissions and lower costs for consumers, but what affect will it have on the oil industry? Economic oil plug-in carsThis question has sparked a bit of debate among analysts. DON'T MISS: Multiple Trends Turning.

2016 63

Nothing to See Here - Oil Prices Retreat.from $90.07

Plugs and Cars

Forbes 12:43pm ET: Oil retreats from today's record highs around 90 usd as traders lock profits Bloomberg Crude Oil Falls From Record on Signs U.S. Supplies Are Adequate Associated Press Oil Futures Retreat From $90 Record CNN Money Oil retreats from $90, but gas keeps climbing. Tags: petroleum Big Oil

2007 100

$92.22

Plugs and Cars

NY Times reports: Oil Prices Continue to Rise $91.86 A little context: oil at its lowest this year? Tags: oil price per barrel Big Oil per barrel at Friday's close. 50.48 a barrel on January 18, 2007.

2007 100

$97.07

Plugs and Cars

As the price per barrel goes beyond $97, one story in the NY Times reports : •Bombing in Afghanistan kills 64. Domestic oil inventory to fall. Oil platforms evacuated. Severe weather shuts Mexican ports, disrupts oil supply to US. Tags: petroleum oil price per barrel Attack on pipeline in Yemen. Severe weather forecast for North Sea. Dollar weak.

2007 100

Fossil fuel subsidies “are public enemy number one”

Green Cars News

Latest news fossil fuel Oil price subsidies

2013 73

Fuel efficient car prices reach their peak

Green Cars News

With petrol prices starting to fall, so at last are the prices for fuel efficient vehicles. According to Kelley Blue Book’s kbb.com, prices increased close to 25 per cent through 20 weeks of consecutive gains. Green cars Latest news crude oil prices fuel efficient car prices fuel efficient cars Kelley Blue Book Kelley Blue Book prices Saudi Arabia

Price 49

Fossil fuel emissions expected to grow in 2010

Green Cars News

Tags: Global warming Green cars Latest news emissions ethanol fossil fuels fuel prices oil prices petrol prices

2010 37

GM To Forge Ahead With Electric, Plug-In Hybrid, Other Electrified Vehicles

Green Car Reports

When oil prices drop, the knee-jerk response of many analysts is to forecast doom for sales of electric cars, plug-in hybrids, and other green cars. It plans to to forge ahead with an expansion of its electrified-vehicle range, regardless of how low oil prices get. That''s not something General Motors recognizes as an issue, though. DON''T MISS. General Motors Batteries Plug-In Hybrids GM Future Cars Chevy Volt plug-in cars Chevrolet Bolt

2015 86

Cheap Oil Will Last A Decade, Says Huge Oil Trader

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The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers. And those oil prices likely won't increase dramatically for the next. Fuel Gasoline oil energy

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