Energy

U.S. average retail regular gasoline price near $3 per gallon

At the beginning of this week, the U.S. average retail price for regular gasoline was $3.06 per gallon (gal), $0.64/gal lower than the June average price and the lowest average price for any week since December 2010. FULL STORY »

Natural gas prices fluctuated throughout the week

Spot prices fluctuated over the report week (Wednesday to Wednesday), with Henry Hub starting the week at $3.82 per million British thermal units (MMBtu) on October 15, dropping 21 cents by Tuesday to $3.61, before settling at $3.68/MMBtu yesterday. FULL STORY »

Rural Mainstreet Index plummets in October

The Rural Mainstreet Index moved to its lowest level in more than four years, according to the October survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy. FULL STORY »

Crude oil exports continue to rise

The United States exported 401,000 barrels per day (bbl/d) of crude oil in July 2014, the highest level of exports in 57 years and the second highest monthly export volume since 1920, when EIA’s published data starts. FULL STORY »

Natural gas spot prices fall

Spot prices fell over the report week at most market locations, with northeastern pricing points reaching record lows in Friday trading before reversing losses at the end of the report week (Wednesday-to-Wednesday). FULL STORY »

Role of benchmarks in the global crude oil market

The Brent-WTI spread, the difference between the front month futures price of North Sea Brent crude oil and that of West Texas Intermediate (WTI) crude oil, narrowed to $2.00 per barrel (bbl) as of October 15, after reaching a 2014 high of $14.95/bbl in January (Figure 1). FULL STORY »

Falling gasoline prices: There are lots of reasons why

Plummeting gasoline prices are the result of lagging economic growth in many parts of the world, the end of the summer driving season, less expensive winter gasoline and well-functioning Midwest refineries, Purdue University energy economist Wally Tyner says. FULL STORY »

Heating costs projected lower for this winter

EIA projects average U.S. household expenditures for natural gas, heating oil, electricity, and propane will decrease this winter heating season (October 1 through March 31) compared with last winter, which was 11% colder than the previous 10-year average nationally. FULL STORY »

Natural gas supply up this week

Mild temperatures led to natural gas price decreases at most market locations across the country. FULL STORY »

Heating oil, propane expenditures projected lower than last year

Autumn arrived in the Midwest and the Mid-Atlantic states last week as temperatures turned noticeably colder and snow fell across Wisconsin and Minnesota. FULL STORY »

National Farmers Union asks EPA to stay the course on RFS

In a recent op-ed published in the Fort Worth Star-Telegram, National Farmers Union (NFU) President Roger Johnson called for the U.S. Environmental Protection Agency (EPA) to stay the course and not scale back the volume targets for the Renewable Fuel Standard (RFS). FULL STORY »

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