Tag: Gasoline
US gasoline prices higher in 2017
Texas gasoline taxes among lowest in United States U.S. regular retail gasoline prices averaged $2.41 per gallon (gal) in 2017, 27 cents/gal (13 per cent) higher than in 2016, but two cents/gal less than in 2015, according to the U.S. Energy Information Administration. Higher crude oil prices in 2017 contributed to higher gasoline prices. In 3 of the […]
Energy commodity prices increased in the second half of 2017
Less natural gas used in U.S. electricity generation during summer of 2017 compared with 2016 After decreasing nearly 20 per cent in the first half of 2017, the spot energy index in the Standard and Poor’s (S&P) Goldman Sachs Commodity Index (GSCI) ended 2017 16 per cent higher than the beginning of the year, according […]
Carbon Engineering turns CO2, water into a synthetic mixture of gasoline and diesel
Carbon Engineering claims their technology is best option for large scale commercialization of technology Last week, the Carbon Engineering team demonstrated “Air to Fuels” by directly synthesizing a mixture of gasoline and diesel using only CO2 captured from the air and hydrogen split from water with clean electricity, according to a press release. The last […]
US gasoline prices this Thanksgiving are higher than previous two years
American gasoline prices continue to be closely linked to crude oil prices Heading into the Thanksgiving holiday weekend, U.S. retail regular-grade gasoline averaged $2.57 per gallon (gal), up 41 cents/gal from the same time last year, according to the U.S. Energy Information Administration. Although gasoline prices are higher than in both 2015 and 2016, the […]
Column: US traffic volumes growth slows as oil prices rise
Traffic volumes growth less than 1 per cent, down from 4-5 per cent in 2016 By John Kemp LONDON, Nov 21 – Traffic volumes on US highways are at record levels but the rate of growth is slowing as the earlier impetus from lower gasoline prices fades and motoring costs rise. US motorists drove a […]
India’s GST – A boon for oil markets?
Tax on pure electric vehicles reduced by around 9% under GST regime The introduction of India’s Goods and Services Tax (GST) has lifted oil demand in the country this year, according to Wood Mackenzie. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected […]
US exports of crude, gasoline, distillates, LPG booming
US exports of crude over 2 million b/d recently As US exports of crude topped 2 million barrels per day (b/d) in recent weeks, gasoline, distillate and LPG exports have also increased. Enterprise’s Morgan’s Point terminal located on the Gulf Coast came online last year along with Sunoco’s Marcus Hook terminal on the East Coast. […]
Column: US gasoline and diesel markets look tight
US gasoline and diesel stocks fall despite record refinery runs By John Kemp LONDON, Nov 9 – US stocks of gasoline and diesel continue to fall, despite record refinery runs, in a sign of strong demand at home and in export markets. U.S. refineries processed a seasonal record 16.3 million barrels per day (b/d) of […]
Irving pleads guilty in Quebec gasoline cartel case
Investigation resulted in charges against 39 individuals and 15 companies in 2008, 2010 and 2012 Irving Oil Limited pleaded guilty today to one count of retail price maintenance in the gasoline industry in Thetford Mines and Sherbrooke (Quebec) and will pay a $287,583 fine, according to a Government of Canada press release. The announcement comes […]
Crude oil, petroleum product exports reach record levels in first half of 2017
Mexico received 53% of total U.S. gasoline exports in first half of 2017 Crude oil exports in the first half of 2017 increased by more than 300,000 b/d from the first half of 2016 to 784,000 b/d, a 57 per cent increase, according to the U.S. Energy Information Administration. Petroleum product exports also grew over […]
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