Crude Oil

A look at U.S. gasoline markets

"Location, location, location" is a well-known mantra in the real estate industry. The same can be said about gasoline prices as well. FULL STORY »

U.S. refinery capacity higher in 2012, start of 2013

As of January 1, 2013, the United States had 139 operating refineries and 4 idle refineries with total atmospheric crude oil distillation capacity of 17.8 million barrels per calendar day (bbl/d), an increase of 501,000 bbl/d from January 1, 2012. FULL STORY »

Crude oil expected to peak and cost of electricity to go down

After increasing to $119 per barrel in early February 2013, the Brent crude oil spot price fell to a low of $97 per barrel in mid-April and then recovered to an average of $103 per barrel in May. EIA expects that the Brent crude oil spot price will average $102 per barrel over the second half of 2013, and $100 per barrel in 2014. FULL STORY »

E. Canadian refineries increasing use of U.S.-sourced crude oil

Canadian refineries, like those in the United States, are working to increase their use of growing production of crude oil from Texas and North Dakota. FULL STORY »

Midwest gasoline prices: some relief in sight

Gasoline prices throughout the Midwest, also known as Petroleum Administration for Defense District (PADD) 2, have been trending sharply higher since mid-April. FULL STORY »

Gasoline and diesel fuel prices increase again

The U.S. average retail price of regular gasoline increased seven cents for the second consecutive week, to $3.67 per gallon as of May 20, 2013, down four cents from last year at this time. FULL STORY »

Domestic ethanol production starts to grow again

After seeing their team repeatedly suffer heartbreaking playoff losses, Washington Capitals fans were hoping that this year would be different. FULL STORY »

Mexico-U.S. petroleum trade

Mexico is a net exporter of oil by the broadest measure that encompasses both crude oil and petroleum products. FULL STORY »

Absorbing increases in U.S. crude oil production

U.S. crude oil production has been rising in recent years following a decline from 9 million barrels per day (bbl/d) in 1985 to 5 million bbl/d in 2008. FULL STORY »

Gasoline price down less than a penny, diesel drops six cents

The U.S. average retail price of regular gasoline decreased less than one cent to remain at $3.54 per gallon as of April 22, 2013, down 33 cents from last year at this time. FULL STORY »

LLS-Brent differential has narrowed from its recent high

Since reaching a 2013 high of $119 per barrel in mid-February, the spot price of Brent crude oil, the global seaborne light sweet benchmark crude, fell by $19 per barrel, settling at $100 per barrel on April 22. FULL STORY »

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