2019 Diesel Oil Prices Production 
Green Car Congress
JANUARY 11, 2023
The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.
Green Car Congress
APRIL 20, 2022
After adjusting for inflation, this summer’s forecast national average price would mark the highest retail gasoline and diesel prices since 2014. US gasoline and diesel consumption continue to remain below their 2019 averages. EIA expects higher fuel prices this summer as a result of higher crude oil prices.
Green Car Congress
MAY 11, 2022
The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 million barrels per day set in 2019. million barrels per day this year and 12.8 —EIA Administrator Joe DeCarolis.
Green Car Congress
MAY 24, 2022
On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal
Green Car Congress
APRIL 7, 2021
The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.
Green Car Congress
JANUARY 11, 2023
Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021. and 1.5%, respectively.
Green Car Congress
AUGUST 20, 2019
million barrels per day (mb/d) in July 2019, which represented a 0.9% The increase in demand came as the US continued to sustain world-leading production, which continues to meet virtually all global oil demand growth. compared with July 2018, even as gasoline prices were 3.6% Total US petroleum demand averaged 20.8
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