Energy

Natural Gas Outlook: Storage Is 12 Percent Above 5-Year Average

Thu, 19 Nov 2009 19:10:32 GMT

At the New York Mercantile Exchange (NYMEX), the futures contract for December delivery at the Henry Hub settled yesterday, November 18, at $4.254 per MMBtu. The price of the near-month contract decreased by 25 cents or about 6 percent during the report week.

Gasoline Price Drops Again

Wed, 18 Nov 2009 19:16:10 GMT

For the second consecutive week, the U.S. average price for regular gasoline decreased. The average slipped about four cents to $2.63 per gallon, $0.56 above the price a year ago.

Pressures On Fuel Ethanol Production Capacity

Wed, 18 Nov 2009 19:06:51 GMT

Capacity to produce fuel ethanol from corn nearly tripled between January 2006 and January 2009. However, over the past 18 months, a combination of surplus production capacity, the decline of gasoline prices from their mid-2008 peak level, and high corn prices that boosted producers’ input costs have resulted in a sharp decline in ethanol margins.

Retail Gasoline & Diesel Prices

Tue, 17 Nov 2009 19:57:52 GMT

Here is a little fact to impress your friends at the Southwind Country Club... Gasoline was 22 cents higher than diesel on June 1st. It is now 11 cents lower.

Natural Gas Outlook: Prices Decrease Sharply, Storage Reaches Record High

Fri, 13 Nov 2009 19:44:52 GMT

At the New York Mercantile Exchange (NYMEX), futures prices moved lower as the threat of an interruption in supplies from the hurricane passed. The futures contract for December delivery decreased by $0.22 on the report week to $4.503 per MMBtu.

U.S. Average Gasoline Price Slips

Thu, 12 Nov 2009 19:32:21 GMT

For the first time since October 5, 2009, the U.S. average price for regular gasoline decreased, slipping three cents to $2.67 per gallon, but staying $0.44 above a year ago. Prices declined across all the regions.

This Week In Petroleum: Saudi Aramco Announces New U.S. Pricing Formula

Thu, 12 Nov 2009 19:25:03 GMT

The U.S. imported slightly more than 1 million barrels of crude oil per day from Saudi Arabia during the first 8 months of 2009. Despite a decline of more than 33 percent compared to the same period in 2008.

Retail Gasoline & Diesel Prices

Tue, 10 Nov 2009 20:20:46 GMT

Gasoline prices drop 3 cents; diesel drops a penny.

Natural Gas Outlook: December Contracts Fall 7 Percent

Thu, 05 Nov 2009 19:18:08 GMT

Natural gas spot prices fell over the week at most market locations, declining on average 16 cents per million Btu (MMBtu). Decreases ranged between 2 cents and 77 cents per MMBtu. In the few trading locations where prices rose, increases were modest, ranging between 1 and 4 cents per MMBtu.

Proved Reserves Of Crude Oil Fall In 2008, Reflecting Low End-Of-Year Prices

Wed, 04 Nov 2009 19:11:03 GMT

The Energy Information Administration’s (EIA) U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Proved Reserves, 2008 reports that proved reserves of crude oil fell by more than 10 percent in 2008, primarily because of low end-of-year prices used to estimate proved reserves, even though discoveries of crude oil rose for the third year in a row.

Retail Gasoline & Diesel Prices

Tue, 03 Nov 2009 14:32:55 GMT

Gasoline and diesel prices move up; spread narrows.

Natural Gas Outlook: Futures Prices Drop 16 Percent, Storage Sets New Record Highs

Thu, 29 Oct 2009 18:08:55 GMT

Natural gas prices posted decreases at both the spot and futures markets since last Wednesday. Spot prices fell at virtually all market locations in the lower 48 States, with decreases ranging between 6 and 46 cents per million Btu (MMBtu).

Gasoline & Diesel Prices Still Climbing

Wed, 28 Oct 2009 21:00:16 GMT

The U.S. average price for regular gasoline increased for the third consecutive week, shooting up a dime to $2.67 per gallon. For the first time since October 20, 2008, the national average price is now higher than it was the year before.

This Week In Petroleum: Changing Distillate Export Patterns

Wed, 28 Oct 2009 20:57:05 GMT

Distillate (including diesel) is the second largest petroleum product consumed in the United States, used for everything from fuel for trucks and trains to residential heating and even a small amount of power generation.

Retail Gasoline & Diesel Prices

Tue, 27 Oct 2009 18:58:04 GMT

Gasoline And Diesel Prices Up. Diesel Is .07 Premium To Gasoline.

Energy Production By State: Does Texas Have To Be The Largest At Everything?

Fri, 23 Oct 2009 14:53:46 GMT

Texas On Top Followed By Wyoming And Louisiana

Natural Gas Outlook: Futures Prices Higher, Storage Reaches Record-Setting Level

Thu, 22 Oct 2009 18:08:43 GMT

Natural gas in storage was a record-setting 3,734 billion cubic feet (Bcf) as of October 16, which is about 13 percent above the 5-year average (2004-2008), following an implied net injection of 18 Bcf during the report week.