Green Car Congress
APRIL 7, 2021
The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer.
Green Car Congress
MAY 13, 2015
The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others. There is a lag between movements in the oil price and corresponding changes in production. But the effects of the oil price crash are now being felt.
Green Car Congress
SEPTEMBER 20, 2011
In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period.
Green Car Congress
APRIL 7, 2010
The largest source of growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan. Offsetting this projected supply growth in 2010 are further declines in mature fields in Mexico, the United Kingdom, and Norway. The forecast has the annual average regular grade retail gasoline price increasing from $2.35
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