Energy

Gas prices going into Labor Day hit four year low

The U.S. average retail price for regular gasoline was $3.45/gallon (gal) this past Monday, the lowest price on the Monday before Labor Day since 2010. FULL STORY »

Energy outlook: Gasoline prices to decline

The market's perception of reduced risk to Iraqi oil exports and news regarding increasing Libyan oil exports contributed to a drop in the Brent crude oil spot price to an average of $107 per barrel (bbl) in July, $5/bbl lower than the June average. FULL STORY »

Gas, diesel prices down this week

Over the past few days, global crude oil prices have declined because of ample supply compared with demand, with U.S. crude prices falling more than Brent. As a result, the Brent-WTI spread has widened, reaching $6.79 on August 6. FULL STORY »

Natural gas, Henry Hub fall again this week

Natural gas prices generally fell at most market locations this report week (Wednesday, July 23—Wednesday, July 30). The Henry Hub spot price declined from $3.79 per million British thermal units (MMBtu) last Wednesday to $3.76/MMBtu yesterday. FULL STORY »

Global growth in use of gasoline outpaces diesel in 2014

On July 8, the futures price premium of New York Harbor ultra-low-sulfur diesel (heating oil) over reformulated blendstock for oxygenate blending (RBOB) for December 2014 delivery fell to 22 cents per gallon (gal) on the New York Mercantile Exchange (Nymex) (Figure 1). FULL STORY »

U.S. gasoline prices tumble on back of refinery cuts

The average price of a gallon of gasoline in the United States fell by 9 cents in the past two weeks, a sharp drop due to wholesale price cuts at refiners, according to the Lundberg survey released on Sunday. FULL STORY »

Natural gas, Henry Hub prices fall

Natural gas prices generally fell at most market locations this report week (Wednesday, July 16—Wednesday, July 23). The Henry Hub spot price declined from $4.10 per million British thermal unit (MMBtu) last Wednesday to $3.79 yesterday. FULL STORY »

U.S. refineries running at record levels

Refinery inputs hit a record-high 16.8 million barrels per day (bbl/d) for the week ending July 11, eclipsing the previous record from summer 2005 and more than 280,000 bbl/d higher than a year ago. FULL STORY »

Natural gas, Henry hub spot prices fall

Natural gas prices generally fell at most market locations this report week (Wednesday, July 9—Wednesday, July 15). The Henry Hub spot price declined from $4.15 per million British thermal unit (MMBtu) last Wednesday to $4.10 yesterday. FULL STORY »

California continues to regulate carbon intensity of motor fuels

The U.S. Supreme Court has declined to review the Ninth U.S. Circuit Court of Appeal’s September 2013 ruling that upheld the constitutionality of California’s Low Carbon Fuel Standard (LCFS). FULL STORY »

STEO: Iraqi unrest puts pressure on world oil

Unrest in Iraq put upward pressure on world oil prices last month, helping North Sea Brent crude oil spot prices reach their highest daily level of the year at just over $115/barrel (bbl) on June 19. North Sea Brent crude oil spot prices increased from a monthly average of $110/bbl in May to $112/bbl in June. FULL STORY »

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