gasoline prices

Lower U.S. Gasoline Prices Due to Increasing Inventories: EIA

Average weekly U.S. gasoline prices have lost 19 cents per gallon (gal) in value since the 2024 high recorded on April 22 to $3.48/gal on July 1, according to a July 2 report published by the U.S. Energy Information Administration.  The price decline can be attributed to rising gasoline stocks, relatively subdued demand and comparatively…...

Trump Taps Chatterjee to Take the Helm at FERC, Replacing McIntyre

FERC Restored to Full Complement of Five Commissioners

The U.S. Senate last week approved President Biden’s three nominees to serve on the Federal Energy Regulatory Commission (FERC) bringing the agency to its full complement of five commissioners. Industry and clean energy groups welcomed the move saying that a fully staffed commission is crucial to address challenges posed by an aging electric grid, the…...

cape of good hope

Oil Flow Around Cape of Good Hope Rises Nearly 50 Percent Amid Red Sea Disruptions: EIA

Tensions in the Middle East have led to trade disruptions through the Red Sea and increased crude oil and oil product flows around the Cape of Good Hope, which is located at the southern tip of Africa, according to a June 11 report published by the U.S. Energy Information. The quantity of crude oil and…...

High Costs, Infrastructure Challenges Hinder Electric Vehicle Penetration

U.S. Energy Department to Release One Million Barrels of Gasoline to Lower Prices

The U.S. Energy Department’s Office of Petroleum Reserves has announced plans to release one million gas barrels from the Northeast Gasoline Supply Reserve to help lower prices during summer. The department said the initiative is strategically timed to ensure sufficient supply for the tri-state and northeast regions during a period of high demand – between…...

oil and gas hurricane

U.S. Oil and Gas Sectors at Risk Due to Potentially Strong Hurricane Season: EIA

Meteorologists are predicting a stronger hurricane season this year, which elevates risk for weather associated production disruptions in the U.S. natural gas and oil sectors, according to a May 22 report published by the U.S. Energy Information Administration. Reports from AccuWeather are forecasting around 20 to 25 storms this year, with a likelihood of around…...

crude oil production EIA

Brent Crude Oil Price Forecast Increases After OPEC+ Extends Production Cuts: EIA

Brent crude oil and petroleum product prices are projected to increase for the remainder of 2024, according to a March 21 report published by the U.S. Energy Information Administration.  The projected price increase can be attributed to the announcement that OPEC+ will extend the current voluntary production cuts through the second quarter of 2024. The…...

EnerKnol Research PU Visual Primer Low Carbon Fuels 2024 03 12 Blog preview

Visual Primer: Western States Advance Clean Fuel Policies to Lower Transportation Emissions

A growing number of states across the U.S. are considering clean fuel programs to limit the carbon intensity of transportation fuels and to incentivize the production of low-carbon and renewable alternatives.

eia gasoline prices

U.S. Gasoline and Diesel Prices Increase Due to Reduced Refinery Activity: EIA

U.S. gasoline and diesel prices rose during February although retail average prices are below 2023 levels for this time of the year, according to a March 6 report published by the U.S. Energy Information Administration. The price increase can be attributed to the sharp decline in refinery utilization and decreasing regional inventories across the major…...

eia crude oil

U.S. Crude Oil Production Rises Due to Enhanced Wells Productivity: EIA

U.S. crude oil production has risen significantly over the last decade, in line with productivity increases at new wells according to a Mar .5 report published by the U.S. Energy Information Administration. The U.S. became the world’s largest crude oil producer in 2018 and as of October 2023 accounts for about 16 percent of total…...