Crude Oil
Brent-WTI differential to narrow
The differential between the spot prices of Brent and West Texas Intermediate (WTI) crude oils, referred to as the Brent-WTI spread, averaged $19 per barrel in August 2012.
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Gasoline and diesel fuel prices increase again
The U.S. average retail price of regular gasoline increased less than a penny to $3.85 per gallon, 19 cents per gallon higher than last year at this time.
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What is driving U.S. gasoline consumption?
The Labor Day holiday marks the end of the peak driving season in the United States and provides an opportunity to review year-to-date gasoline consumption.
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Gasoline, diesel fuel prices increase for 9th consecutive week
The U.S. average retail price of regular gasoline increased seven cents this week to $3.84 per gallon, 17 cents per gallon higher than last year at this time.
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Hurricane Isaac's Impact Seen in Latest Weekly Data
The impact of Hurricane Isaac on the U.S. petroleum industry is easily detectable in the weekly petroleum supply data for the week ending August 31, released earlier today.
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U.S. crude oil inventories and a tightening oil market
Global crude oil prices have increased significantly over the past two months. Since reaching a 2012 low of $89 per barrel on June 21, Brent spot prices have increased almost $25 (27 percent) to more than $113 per barrel on August 28, after reaching a high of almost $117 per barrel on August 16.
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Gasoline and diesel fuel prices continue to climb
The U.S. average retail price of regular gasoline increased three cents this week to $3.78 per gallon, 15 cents per gallon higher than last year at this time.
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An update on West Coast gasoline markets
Between August 6 and August 13, the price of retail regular grade gasoline on the West Coast (PADD 5) increased 19 cents per gallon, well above the 8-cent-per-gallon increase for the United States as a whole.
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Gasoline and diesel fuel prices continue to climb
The U.S. average retail price of regular gasoline increased two cents this week to $3.74 per gallon, 16 cents per gallon higher than last year at this time.
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Drivers of the recent rise in U.S. gasoline prices
On July 2, the average price at the pump for regular gasoline in the United States was $3.36 per gallon, the lowest level since the first week of 2012.
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Fuel prices push higher, U.S. retail data stronger than expected
U.S. gasoline and diesel prices continue climbing higher as stronger-than-expected retail sales data for July supports oil prices and the stock market.
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- Michigan hay buyers should plan purchases early
- New animal identification rules aid disease traceability
- Corn planting pace turns from record slow to record fast
- U.S. cattle placements rise in April as feed costs subside
- Survey reveals most Americans in favor of COOL
- Ag markets were mixed to start the new week
