Crude Oil http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil RSS Feed for Crude Oil en-us Wed, 22 May 2013 20:04:26 GMT Gasoline and diesel fuel prices increase again http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Gasoline-and-diesel-fuel-prices-increase-again-208541831.html 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. Domestic ethanol production starts to grow again http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Domestic-ethanol-production-starts-to-grow-again-207736511.html After seeing their team repeatedly suffer heartbreaking playoff losses, Washington Capitals fans were hoping that this year would be different. Mexico-U.S. petroleum trade http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Mexico-US-petroleum-trade-206664071.html Mexico is a net exporter of oil by the broadest measure that encompasses both crude oil and petroleum products. Absorbing increases in U.S. crude oil production http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Absorbing-increases-in-US-crude-oil-production-205833511.html 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. Gasoline price down less than a penny, diesel drops six cents http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Gasoline-price-down-less-than-a-penny-diesel-drops-six-cents-204677561.html 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. LLS-Brent differential has narrowed from its recent high http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/LLS-Brent-differential-has-narrowed-from-its-recent-high-204676641.html 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. The changing premium for premium gasoline http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/The-changing-premium-for-premium-gasoline-203459751.html In late 2012, the difference between the U.S. average retail prices for premium gasoline and regular gasoline reached 30 cents per gallon for the first time, a level at which it has remained for most of 2013. Gas prices expected to average $3.63 per gallon during summer http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Gas-prices-expected-to-average-363-per-gallon-during-summer-202391841.html The U.S. average retail price for a gallon of regular gasoline has fallen for six consecutive weeks since hitting its 2013 year-to-date peak of $3.78 per gallon in late February. Crude oil markets continue to adjust to rise in N.D. production http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Crude-oil-markets-continue-to-adjust-to-rise-in-ND-production-201459661.html The differential between West Texas Intermediate (WTI) and North Dakota's Bakken crudes continues to fluctuate, reflecting both production growth and changes in oil transportation capacity. Midwest refineries boost capacity for heavy crude oil http://www.cattlenetwork.com/cattle-news/markets/energy/crude-oil/Midwest-refineries-boost-capacity-for-heavy-crude-oil-200463031.html Despite recent national attention on rising domestic production of light sweet crude oil, especially from tight oil formations in North Dakota, some Midwest refiners are reconfiguring their facilities to process more heavy crude oil, which will likely come from Canada.