Since early January 2024, U.S. refinery utilization has decreased 11%, falling as low as 81% during the two weeks ending February 9 and February 16, and briefly dropped below the five-year (2019–2023) low. Although U.S. retail average prices for gasoline and diesel are below 2023 prices for this time of year, … [continued]
We expect solar electric generation will be the leading source of growth in the U.S. electric power sector. In our January Short-Term Energy Outlook (STEO), which contains new forecast data through December 2025, we forecast new capacity will boost the solar share of total generation to 5.6% in 2024 and 7.0% in … [continued]
The U.S. Energy Information Administration reports that gas prices in the U.S. are down 10% compared to the same time last year. Or, actually, taking inflation into account, they are down 13%! This is despite an expected 2% increase in miles traveled during Thanksgiving weekend. California was a notable part … [continued]
Low gasoline demand in combination with the seasonal switch to winter-grade gasoline has made gasoline less profitable to produce, reducing the difference between gasoline blendstock and crude oil prices to multiyear lows in October 2023. The crack spread is the difference between the price of a wholesale petroleum product and the crude oil price, … [continued]
A recent article at USA Today tells the woeful tale of gas prices rising, again. But in instead of doing the typical “I told you so!” thing that many EV drivers lacking social skills do, I want to be a little more productive. Let’s look at how bad it is, … [continued]
On the Monday before the Labor Day weekend, August 28, 2023, the retail price of regular gasoline averaged $3.81 per gallon (gal) across the United States. Over the past five weeks, oil production cuts by Saudi Arabia, low U.S. gasoline inventories, and announced refinery maintenance in the Northeast have increased … [continued]
Sometimes, reading the comments from big gas, big coal, and big oil in the Murdoch press, I think I am back in the school playground stopping kids from namecalling and hitting each other with sticks. It is obvious that the Australian federal government’s action has hit a nerve, and equally … [continued]
Earlier this year, when gas prices went to record levels, it was hard to get ahold of an EV of any kind at dealers. People realized that oil companies had them by the shorts, and you can only adjust your household budget so much before the gas man is taking … [continued]
I came across an interesting tweet the other day that expressed what many gas car drivers feel every day, especially with 2022 fuel prices. This is almost pornography at this point … pic.twitter.com/8jawedgDsc — Super 70s Sports (@Super70sSports) September 14, 2022 As you can probably see, it shows fuel prices … [continued]
Germany activated the “alarm stage,” phase two of three of the country’s emergency methane-based gas plans, on Thursday after Russia’s Gazprom throttled deliveries by 60%. Phase three would allow the government to implement energy rationing. German economic minister Robert Habeck told reporters the cutbacks were a direct political attack in … [continued]
