What is driving the declining U.S. gasoline consumption?
The Labor Day holiday marked the end of the peak driving season, a good occasion to review the most recent data on gasoline consumption, which accounts for almost 10% of global liquid fuels consumption. FULL STORY »
West Coast leads recent gasoline price declines
As the Labor Day weekend approaches, the U.S. national average retail price for regular gasoline has drifted downward from a summer-to-date peak of $3.68 per gallon, reached on July 22, to $3.55 per gallon on August 26, despite an increase in crude oil prices since early July. FULL STORY »
EIA expects brent prices to decline through end of 2013
Petroleum analysts throughout the world also noticed recent increases in the price of Brent crude oil. FULL STORY »
New traffic patterns emerge to supply crude oil to West Coast
In many parts of the country, drivers frequently encounter road construction and a sign that says "New Traffic Patterns" as highway infrastructure shifts. New traffic patterns are emerging also in crude oil movements. FULL STORY »
Brent-WTI spread is expected to widen through the end of the year
The Brent-WTI spread, the price differential between Brent crude oil and West Texas Intermediate (WTI) crude oil, averaged just over $3 per barrel in July, its lowest monthly average since December 2010. FULL STORY »
Gasoline consumption: What direction is it heading?
As baseball nears its trading deadline on July 31, some teams need to decide if their recent upward trend is a short-term phenomenon or something that the team can build the future around. FULL STORY »
U.S. crude oil increasingly moves by barge, truck and rail
The U.S. Energy Information Administration (EIA) recently released its annual data series tracking how crude oil reaches the refinery gate. Not surprisingly, the 2012 data show heightened reliance on crude receipts via barge, truck and rail. 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 »