Tag: petroleum products
Hurricane Harvey caused US Gulf Coast refinery runs to drop, gasoline prices to rise
Gulf Coast gasoline prices rose by 35 cents per gallon to $2.51/gal Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and increased petroleum product prices, according to the U.S. Energy Information Administration. For the week ending Sept. 1, 2017, gross inputs to refineries in the U.S. Gulf Coast fell by […]
Retail gasoline prices this summer expected higher than 2016
Summer-grade gasoline more costly to manufacture, wholesale margins typically increase during summer months Drivers in the United States will pay an average of $2.46 per gallon (gal) this summer for regular gasoline, according to forecasts in EIA’s Short-Term Energy Outlook (STEO). Gasoline prices from April through Sept. are expected to be 23 cents/gal higher than […]
Total US energy production falls in 2016 after 6 years of increases
US gross energy imports increased 7% from 2015 to 2016 US primary energy production totaled 84.1 quadrillion British thermal units (Btu) in 2016, falling 4 per cent from the 2015 level, the first annual decline in US energy production since 2009, according to the US Energy Information Administration. The decline in production coincided with an increase […]
Lower fuel costs for US airlines reduces expenses, increases profits
Aircraft fuel efficiency varies based on aircraft range, size, and operation economics Lower crude oil prices in recent years have translated to lower fuel costs and overall lower operating expenses for US passenger airlines, according to the US Energy Information Administration. According to the US Department of Transportation’s Bureau of Transportation Statistics (BTS), US passenger […]
US energy exports to Mexico in 2016 worth more than twice that of imports
Mexico second only to Canada in energy trade with US Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by US net exports of refined petroleum products to Mexico, according to the US Energy Information Administration. Through 2014, Mexico’s exports of […]
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