The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

consumers  gasoline-prices  oil-production  crude-oil-prices 

Mark Green

Mark Green
Posted July 26, 2017

Nationally, the average price of a gallon of gasoline the third week of July was $2.392 – about 42 percent lower than the national average price at the same time in 2008, according to the U.S. Energy Information Administration. Retail gasoline prices haven’t been “sticky,” as Sen. Charles Schumer said on ABC’s “This Week,” suggesting that some sort of anti-Adam Smith force has kept them from decreasing. Yet, as we can see, they have decreased significantly over a time period that coincides with accelerated U.S. crude oil production (thanks, fracking).

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crude-oil  energy-exports  keystone-xl-pipeline  crude-oil-prices  fracking  hydraulic-fracturing  women-in-energy-industry 

Mary Leshper

Mary Schaper
Posted October 8, 2014

New York Times: HOUSTON — The Singapore-flagged tanker BW Zambesi set sail with little fanfare from the port of Galveston, Tex., on July 30, loaded with crude oil destined for South Korea. But though it left inauspiciously, the ship’s launch was another critical turning point in what has been a half-decade of tectonic change for the American oil industry.

The 400,000 barrels the tanker carried represented the first unrestricted export of American oil to a country outside of North America in nearly four decades. The Obama administration insisted there was no change in energy trade policy, perhaps concerned about the reaction from environmentalists and liberal members of Congress with midterm elections coming. But many energy experts viewed the launch as the curtain raiser for the United States’ inevitable emergence as a major world oil exporter, an improbable return to a status that helped make the country a great power in the first half of the 20th century.

“The export shipment symbolizes a new era in U.S. energy and U.S. energy relations with the rest of the world,” said Daniel Yergin, the energy historian. “Economically, it means that money that was flowing out of the United States into sovereign wealth funds and treasuries around the world will now stay in the U.S. and be invested in the U.S., creating jobs. It doesn’t change everything, but it certainly provides a new dimension to U.S. influence in the world.”

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access  keystone-xl  crude-oil-prices  gasoline-prices  regulation 

Mark Green

Mark Green
Posted July 18, 2013


The history of modern crude oil prices includes a number of instances where historical events have accompanied dramatic price shifts. Simply: Events that impact or could impact supply affect the global crude oil market. And, because the cost of crude is the main driver of gasoline prices – currently about 66 percent

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crude-oil  crude-oil-prices  energy-policy  energy-prices  gas-prices  gasoline  gasoline-prices  prices 

Jane Van Ryan

Jane Van Ryan
Posted March 17, 2011

API recently hosted a conference call for bloggers about gas prices. John Felmy, API's chief economist, took questions from the bloggers and discussed the many factors that can influence gasoline prices. 

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crude-oil  crude-oil-demand  crude-oil-prices  economic-growth  eia34  energy-information-administration  energy-prices  gasoline  gasoline-prices  global-demand  iea34  international-energy-agency  oil-demand  oil-prices  prices 

Jane Van Ryan

Jane Van Ryan
Posted November 3, 2010

Are you planning a trip during the upcoming Thanksgiving Day holiday? For those of us in the Washington, D.C. area, the Wednesday before Thanksgiving is the single busiest day on surrounding highways during the entire year. 

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crude-oil-prices  crude-prices  eia34  gas-prices  gasoline-prices  gasoline-production  prices 

Jane Van Ryan

Jane Van Ryan
Posted May 28, 2010

The Memorial Day weekend traditionally is considered the beginning of the summer driving season, and this weekend travelers will receive a nice surprise at the pump. 

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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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