Remove 2016 Remove Gasoline Remove Oil Prices Remove Production
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How crude-oil prices influence gasoline prices

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Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. However, the retail price of gasoline includes other costs as well. barrel, while the gasoline prices peaked on July 16, 2008 at $4.103/gallon.

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US average retail gasoline prices ended 2017 lower than they started

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US regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal gal at least once in 2018. gal to $2.91/gal

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million barrels per day (b/d) in 2016, will average 9.2 For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 million b/d in 2017 and 9.9

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EIA: US refineries running at record levels; gasoline demand; exports up

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Lower crude oil prices and strong demand for petroleum products, primarily gasoline, both in the United States and globally, have led to favorable margins that encourage refinery investment and high refinery runs. Higher demand for gasoline is supporting these margins, according to the EIA.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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China is the global leader in methanol use and has recently expanded its methanol production capacity. The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016.

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Global Bioenergies reports first production of green isobutene at demo plant

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The first trials on the demo plant in Leuna were successfully completed, within schedule, in the fall of 2016 and Global Bioenergies announced first production of green isobutene via fermentation. In the fuel sector, it is presently used to manufacture isooctane, ETBE and MTBE which are valuable compounds used in gasoline mixes.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. Higher natural gas production supports increased exports of pipeline and liquefied natural gas (LNG).

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