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Energy Tomorrow Blog

Hurricane Update: Three things you need to know about claims of fuel price gouging

florida  gasoline demand  gasoline supply  hurricane-harvey  hurricane-irma  hurricane response  refineries  retail price 

Mark Green

Mark Green
Posted September 8, 2017

With Hurricane Irma threatening Florida, here are three things you need to know related to claims of fuel price gouging:

1. Industry Does Not Condone Price Gouging
2. Gasoline Stations are largely owned by mom-and-pop retailers
3. Supply and Demand Influences Prices

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Fruits of the Energy Revolution

analysis  oil and natural gas development  gasoline price factors  crude markets  federal leases  permitting  hydraulic fracturing 

Mark Green

Mark Green
Posted May 21, 2015

Consumers have felt some of the fruits of America’s energy revolution, API Chief Economist John Felmy told reporters in a pre-Memorial Day conference call

Felmy noted that drivers are paying about $1 less per gallon of gasoline on average nationwide than they did at this time a year ago, according to AAA. He said that thanks to advanced hydraulic fracturing and horizontal drilling, the U.S. energy resurgence has offset production declines in other parts of the world, which has resulted in a more stable global market for crude oil – and relief at the gas pump. He added that the U.S. energy picture currently is characterized by strong domestic supply, moderate demand, increasingly efficient production and a refining sector that’s turning out record amounts of gasoline.

Felmy said the right energy choices by our country’s leaders can help continue the energy revolution.

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The Resiliency of American Energy

american energy  global markets  price of oil  jobs  Economy  keystone xl pipeline  fracking  north carolina  exports 

Mary Leshper

Mary Schaper
Posted January 14, 2015

Even with oil prices continuing to plummet and oil companies decommissioning drilling rigs every day, the Energy Department on Tuesday projected that domestic crude production would continue to rise in 2015, although growth would slow.

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Energy Output, Supply and Consumer Benefits

american energy  gasoline  price  fracking  keystone xl 

Mary Leshper

Mary Schaper
Posted January 12, 2015

Bloomberg: Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps last week, the lowest level for this time of year since 2009, according to Lundberg Survey Inc. Prices dropped 26.92 cents in the three-week period to Jan. 9 and are $1.14 a gallon below year-ago levels, according to the survey, which is based on information obtained at about 2,500 filling stations by the Camarillo, California-based company.

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Good News on Oil Exports and Gas Prices

crude oil  energy exports  gasoline price factors  domestic oil production 

Mark Green

Mark Green
Posted September 19, 2014

A couple of recent polls indicate many Americans are concerned that lifting the 1970s ban on crude oil exports could increase prices at the pump. A couple of thoughts.

First, it’s likely these opinions stem from an idea that restricting domestic crude oil output to the boundaries of the United States will favorably impact domestic pump prices. Yet, because crude oil is traded globally, the world market sets the cost of crude, which then is the chief factor in prices at the pump.

Second, the strong weight of new scholarship and analysis say that allowing exports of domestic crude will lower pump prices in this country – while also boosting economic growth, employment and wages and improving our balance of trade.

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Crude Oil Reaches Two-Year High

crude oil  gasoline  iea  international energy agency  prices  federal reserve board  price of gasoline  price of oil 

Jane Van Ryan

Jane Van Ryan
Posted November 11, 2010

"Virtually anything can influence the price of crude oil." - API Chief Economist John Felmy

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Crude Oil Prices Up

crude oil  crude oil prices  gasoline prices  prices  rhetoric vs reality  gasoline price factors 

Jane Van Ryan

Jane Van Ryan
Posted April 7, 2010

Crude oil prices stood at $86.84 per barrel when the market closed yesterday, marking their highest level since October 2008.

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What Do Baseball and Oil Have in Common?

pump price update  prices  gasoline prices  gasoline  energy 

Jane Van Ryan

Jane Van Ryan
Posted May 15, 2009

I like baseball. I particularly like the fact that baseball fans can quote statistics and recall spectacular games that occurred more than a century ago.

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