Energy Tomorrow Blog

Gasoline Prices Track Crude Oil Costs

crude oil prices  domestic energy  energy information administration  gasoline prices  oil demand  oil supply  prices 

Jane Van Ryan
Posted March 11, 2010

The average U.S. retail price for regular gasoline rose by 4.9 cents to $2.751 per gallon for the week ending March 8, according to the Energy Information Administration (EIA). This average price is higher than one year ago when the average pump price was 81 cents lower and crude oil costs were 88.9 cents a gallon lower.

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Peak Oil Demand

bp  department of energy  domestic energy  oil demand  oil supply  fuel consumption  global oil 

Jane Van Ryan
Posted February 5, 2010

News flash: Global oil demand is expected to peak between 95 and 110 million barrels a day, according to BP's CEO Tony Hayward. As reported by Reuters yesterday, Hayward expects oil demand will begin to decline probably after 2020. Today the world consumes about 85 million barrels of oil a day.

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December Petroleum Up Slightly

demand  energy reality  supply 

Jane Van Ryan
Posted January 15, 2010

API announced this morning that total petroleum deliveries (a measure of oil demand) climbed by 0.6 percent in December over the same period in 2008. The slight increase could be attributed to an improving economy as well as higher demand caused by the abnormally cold weather.

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U.S. Crude Oil Production Continues at Four-Year Highs

crude oil  domestic energy  energy demand  energy production  oil production  api monthly statistical report 

Jane Van Ryan
Posted November 18, 2009

October U.S. crude oil production averaged 5.36 million barrels per day, continuing at levels not seen since 2005, according to API's Monthly Statistical Report. 

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Energy Tomorrow Radio: Episode 92 - Ben Lieberman on Sky-High Gas Prices

demand  domestic access  domestic drilling  energy tomorrow  energytomorrow  energytomorrow radio  gas prices  gasoline prices  prices 

Jane Van Ryan
Posted October 20, 2009

In this episode, Jane Van Ryan interviews the Heritage Foundation's Ben Lieberman, senior policy analyst on energy and the environment, on his recent paper, "Five Things Congress and the President Are Doing to Bring Back Sky-High Gas Prices." 

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Economic Hope on the Horizon

demand  distribution  energy  gasoline 

Jane Van Ryan
Posted September 16, 2009

Federal Reserve Chairman Ben Bernanke yesterday proclaimed that the recession appears to be ending. He based his comments in part on new data showing that consumer spending in August hit its highest level in three years. 

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An Unnecessary Drag on the Economy

demand  domestic energy  energy  energy citizen  energy citizens  energy costs  energy policy  gasoline prices  over regulation  prices  waxman-markey  energy outlook 

Jane Van Ryan
Posted September 8, 2009

Today, inspired by a New York Times weekend editorial, Energy Outlook blogger Geoff Styles discusses the Waxman-Markey climate bill and the legislation's potential impact on gasoline prices.

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Did You Know? Econ 101

demand  energy  energy costs  energy iq  gasoline prices  supply 

Jane Van Ryan
Posted August 31, 2009

Did you know that the laws of supply and demand have a huge impact on energy costs? 

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Oil Demand Decline Slows in July

demand  distribution  energy  imports 

Jane Van Ryan
Posted August 19, 2009

According to API's monthly statistics report, July oil product deliveries--a measure of demand--fell 3.0 percent from a year ago, which slowed the rate of decline by half compared with the first half of the year.

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New Rule Penalizes Petroleum

crude oil  demand  energy  energy reality  prices  supply  ftc 

Jane Van Ryan
Posted August 6, 2009

Today, the Federal Trade Commission (FTC) announced a new petroleum market "price manipulation" rule that could lead to a less competitive market--hurting American consumers of gasoline, diesel and other petroleum products. Furthermore, it could discourage companies from providing information to the marketplace. 

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