Market Outlook
Natural Gas Outlook: Cold Forecasts Lift Futures Prices Higher
At the New York Mercantile Exchange, futures prices increased during the report week, likely in part due to forecasts of continuing cold weather and improving economic conditions.
FULL STORY »
The Short-Term Outlook For Non-OPEC Supply Growth
On January 11, the Energy Information Administration (EIA) released its latest Short-Term Energy Outlook (STEO), which includes the first STEO forecast for 2012. EIA expects a continued tightening of world oil markets over the next two years.
FULL STORY »
Retail Gasoline Prices Continue To Rise
The U.S. average retail price for a gallon of gasoline increased for the sixth straight week, advancing almost two cents versus last week to $3.09 per gallon, $0.34 per gallon higher than last year at this time.
FULL STORY »
U.S. Natural Gas Consumption Expected To Decline In 2011
EIA expects total natural gas consumption to decline by 0.9 percent in 2011. Projected residential and commercial consumption fall by about 2.7 percent in 2011 partly because of the forecast of 1.3 percent fewer heating degree-days during the winter months this year compared with last year
FULL STORY »
U.S. Oil Outlook: Consumption Higher With Economic Recovery
Projected regular-grade gasoline retail prices rise from an average of $2.78 per gallon in 2010 to $3.17 per gallon in 2011 and $3.29 per gallon in 2012. On-highway diesel fuel retail prices, which averaged $2.99 per gallon in 2010, average $3.40 per gallon and $3.52 per gallon in 2011 and 2012, respectively.
FULL STORY »
Global Oil Outlook: Consumption Increases By 2.2 Million Barrels Per Day
World oil consumption grows by an annual average of 1.5 million barrels per day (bbl/d) through 2012 while the growth in supply from non-Organization of the Petroleum Exporting Countries (non-OPEC) countries averages less than 0.1 million bbl/d each year.
FULL STORY »
Natural Gas Outlook: Cold Weather Leads To Higher Spot Prices
Natural gas spot prices rose at all domestic pricing points, likely in response to expectations for still-colder weather. The Henry Hub price rose 33 cents per million Btu (MMBtu) (about 8 percent) for the week ending January 5, to $4.52 per MMBtu.
FULL STORY »
Northeast Propane Update
While consumers across the Nation are experiencing higher petroleum product prices due in part to rising crude oil prices, propane consumers in the Northeast have seen regional supply issues add to overall price pressures.
FULL STORY »
Retail Gasoline & Diesel Prices Increase For The Fifth Straight Week
The U.S. average retail price for a gallon of gasoline increased for the fifth straight week, advancing almost two cents versus last week to $3.07 per gallon, $0.41 per gallon higher than last year at this time.
FULL STORY »
Natural Gas Outlook: Demand Higher On Cold Weather, Spot Prices Down
Extremely cold weather conditions moving across the country boosted demand for space heating this report week. Spot prices nonetheless decreased in most markets, likely influenced by storage for winter usage remaining near historical highs and very strong current supplies.
FULL STORY »
An Unusual Autumn For Gasoline Prices
Historically, retail gasoline prices in the United States have followed a seasonal pattern. Prices typically rise during the summer driving season and drop after Labor Day.
FULL STORY »
