Diesel, Gasoline, Oil Prices and United States

EIA expects summer US real gasoline and diesel prices to be the highest since 2014

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APRIL 20, 2022

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 per gallon this summer driving season—April through September—compared with last summer’s average price of $3.06/gal. US gasoline and diesel consumption continue to remain below their 2019 averages.

Gasoline

Gasoline 2014 Diesel Price

Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

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JUNE 2, 2022

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. The reason is that, in the United States, oil is used to generate less than 1% of electricity.

Gasoline-Electric

Gasoline-Electric Gasoline Cost Of Diesel

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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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.

Oil Prices

Oil Prices Oil Global Price

EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

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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. Diesel fuel is a type of distillate fuel.

Diesel

Diesel Price California Philadelphia

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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MAY 11, 2022

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). in the United States this summer (June–August) compared with the summer of 2021. —EIA Administrator Joe DeCarolis. and by 1.5%

Oil

Oil Price Production Oil Prices

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

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APRIL 11, 2017

For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 EIA expects that domestic refinery production, including gasoline blendstock output, will be about 20,000 b/d lower this summer than last summer. of total gasoline consumption. For all of 2017, the forecast average price for regular gasoline is $2.39/gal,

Gasoline

Gasoline Gasoline-Electric Production Oil

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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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 expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer.

2019

2019 Fuel Coal 2020

EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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AUGUST 27, 2013

The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. North America.

North America

North America 2012 America Europe

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. The United States has been a net importer of energy since the 1950s.

2020

2020 Energy Transportation Oil Prices

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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AUGUST 31, 2011

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

2010

2010 Brazil Global Argentina

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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DECEMBER 22, 2013

Using publicly available financial data, they applied investment analysis tools (the capital assets pricing model, CAPM) that are generally not applied to this space in order to develop a more rigorous understanding of the investment risk in the industry. —Miller et al.

Tax

Tax Tax Credit Industrial Industry

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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DECEMBER 5, 2012

Transportation sector gasoline demand declines. Continued fuel economy improvement in vehicles using other alternative fuels, gasoline, and diesel, combined with growth in the use of hybrid technologies (including micro, mild, full, and plug-in hybrid vehicles), limit the use of electric vehicles over the projection.

Fuel

Fuel Energy Sale 2013

EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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APRIL 7, 2010

The largest source of growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan. Offsetting this projected supply growth in 2010 are further declines in mature fields in Mexico, the United Kingdom, and Norway. EIA forecasts that regular-grade motor gasoline retail prices will average $2.92

2008

2008 2010 Emissions Fuel

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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DECEMBER 16, 2013

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). The fuel economy of gasoline-powered LDVs continues to increase, and advanced technology fuel efficiency subsystems are added, such as micro hybridization, which is installed on 42% of gasoline LDVs in 2040.

Oil

Oil Light Energy Vehicles

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

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OCTOBER 4, 2011

In the absence of major technological innovations or policy changes, the United States is unlikely to meet cellulosic biofuel mandates under the current Renewable Fuel Standard (RFS2) by 2022, according to a new report from the National Research Council.

Renewable

Renewable Tax Credit Conversion Fuel

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

Recent public policies in the United States and other countries have improved the prospects for initial commercialization of PEVs. However, consumer demand for PEVs is quite uncertain and, barring another global spike in oil prices, may be limited to a minor percentage of new vehicle purchasers (e.g., Policy Instruments.

Plug-in

Plug-in 2015 Plug Recharge

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

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JULY 19, 2012

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Set a target of reducing the carbon intensity of gasoline and diesel by 10 to 15 percent by 2030. Create separate fuel pools for gasoline and diesel.

Carbon

Carbon Oil-Sands Standards Design

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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FEBRUARY 1, 2014

However, demand persists for imported heavy crude by US refineries that are optimized to process that kind of oil. Meanwhile, Canadian production of bitumen from the oil sands continues to grow, the vast majority of which is currently exported to the United States to be processed by US refineries that want heavy crude oil.

Oil-Sands

Oil-Sands Nebraska Oil Montana

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

NOVEMBER 13, 2011

China consolidates its position as the world’s largest energy consumer: it consumes nearly 70% more energy than the United States by 2035, even though, by then, per capita demand in China is still less than half the level in the United States. Oil and the Transport Sector: Reconfirming the End of Cheap Oil.

Oil

Oil Transportation Cheap Fleet

EV Driven

EIA expects summer US real gasoline and diesel prices to be the highest since 2014

Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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