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Energy Tomorrow Blog

Fuel Demand: An Economic Indicator

crude oil  demand  diesel  energy  energy reality  opec  supply 

Jane Van Ryan

Jane Van Ryan
Posted July 16, 2009

If you're looking for an indicator that describes the current economy, look no further than API's oil demand and supply statistics. API reported today that U.S. petroleum deliveries--a key measure of demand--in the first six months of 2009 fell to its lowest level for the time period in more than a decade. 

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Gasoline Prices: It's the Fundamentals

crude oil  demand  diesel  domestic access  energy  energy policy  gasoline prices  prices  supply 

Jane Van Ryan

Jane Van Ryan
Posted June 16, 2009

Gasoline prices have risen to an average of $2.67 a gallon, the highest price in the past eight months. API's Chief Economist John Felmy and Statistics Manager Ron Planting attribute the price rise largely to what they call "market fundamentals"--the basic law of supply and demand.

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Diesel Fuel: Priced Lower than Gasoline for the First Time in Nearly Two Years

crude oil  demand  diesel fuel  diesel prices  energy  energy reality  gasoline  prices 

Jane Van Ryan

Jane Van Ryan
Posted June 1, 2009

When economists are asked why the price of fuel fluctuates, they often explain that price changes are due to the "market"--the interaction of all of the people around the world who buy and sell crude oil and fuels in the global marketplace. These buyers and sellers decide how much oil and oil products they are willing to buy or sell at a given price. Their decisions can be affected by several factors including weather, refinery operations, and geopolitical and economic conditions. The price of other commodities, such as wheat and corn, are determined in much the same way. I touched on these points a bit in last Friday's post.

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Prices at the Pump Explained

prices  gasoline prices  energy  crude oil 

Jane Van Ryan

Jane Van Ryan
Posted May 29, 2009

For Americans filling up at the pump, making sense of gasoline prices can be confusing. Here's a simple explanation: the price of crude oil is the main factor in determining the price of gasoline.

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