gas prices

Gas Prices Could Fall to $1 Per Gallon in Some Areas of the US

January 11, 2016 by Katherine Tweed

In some gas stations around the country, the price of a gallon of regular has dropped below $1.42. AAA and GasBuddy, two organizations that follow gasoline prices, say that gasoline prices below $2 will not be unusual in most of the United States.[read more]

U.S. Gasoline Prices this Thanksgiving are the Lowest in Seven Years

November 26, 2015 by U.S. EIA: Today in Energy

Low Gas Prices on T-Day

United States retail regular-grade gasoline prices continue a trend of overall decline, averaging $2.09 per gallon (g) as of November 23, 73 cents lower than this time last year and the lowest heading into a Thanksgiving holiday weekend since the year 2008.[read more]

Natural Gas Prices in Asia Mainly Linked to Crude Oil, but Use of Spot Indexes Increases

September 30, 2015 by U.S. EIA: Today in Energy

Natural Gas Prices in Asia

Unlike the natural gas market in the United States, natural gas prices in Asian markets typically reflect contracts that are indexed to crude oil or petroleum product prices. The declines in crude oil prices between August 2014 and January 2015 had a significant effect on Asian natural gas prices and markets.[read more]

Gasoline Prices in Week Before Labor Day Lowest in 11 Years

September 7, 2015 by U.S. EIA: Today in Energy

Gas Prices and Low Costs

The U.S. average retail price for regular gasoline was $2.51/gallon (g) on August 31, the lowest price for the Monday before Labor Day since 2004, and 95¢/g lower than the same time last year. Declines in crude oil prices are the main driver behind falling U.S. gasoline prices.[read more]

Effects of Removing U.S. Crude Export Restrictions Depend on Price, Resource Assumptions

September 3, 2015 by U.S. EIA: Today in Energy

Crude Export Restrictions and Effects

A new study by the United States Energy Information Administration (EIA) on the potential implications of allowing more crude oil exports finds that effects on domestic crude oil production are key to determining the other effects of a policy change.[read more]

Summer Gasoline Prices to be Down More than $1 from Last Summer

April 14, 2015 by U.S. EIA: Today in Energy

Summer Gas Price Drop

U.S. drivers are projected to pay an average of $2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA's Short-Term Energy and Summer Fuels Outlook. This year's projected average summer price is down from a $3.59/gal average during summer 2014.[read more]

In Praise of Cleaner-Burning Gasoline

March 31, 2015 by Severin Borenstein

Gasoline and Environmental Risk

California has seen a price spike over the last month that at one point drove pump prices to a dollar above the rest of the country. We’re used to paying a bit more for gas here — due to higher taxes and the cleaner-burning fuel used only in California — but the difference is usually around 30-40 cents.[read more]

Oil Prices: Dead Cat Bounce or Have We Passed the Bottom?

February 9, 2015 by Robert Rapier

Oil Price Collapse and Recovery?

I have noticed that when oil prices are plummeting, traders tend to ignore bullish news, and when they are climbing bearish news is often shrugged off. While oil could resume its decline this month, the fact that the price of WTI rose despite news that should have sent it lower may indicate that we have passed the bottom.[read more]

Increase in Average Gasoline Prices Ends 17-Week Streak of Declining Prices

February 4, 2015 by U.S. EIA: Today in Energy

Gas Prices and Market Trends

EIA conducts a survey of gasoline prices each Monday, and the most recent survey showed the U.S. average regular retail gasoline price increasing for the first time in 18 weeks. The national price averaged $2.07/gallon on Monday, up 2.4 cents from a week earlier.[read more]

Low Gas Prices Tempt Consumers to Buy Gas Guzzlers, But They Should Resist

January 15, 2015 by Nick Nigro
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The effect the sharp price decline in gasoline prices will ultimately have on greenhouse gas emissions is not yet known, but a reasonable estimate is that emissions will rise as less efficient cars and trucks become popular for the first time in years.[read more]

U.S. Gasoline Prices End 2014 at Lowest Levels Since Mid-May 2009

January 9, 2015 by U.S. EIA: Today in Energy

Gasoline Price Collapse

Across the country, retail prices for regular grade gasoline reached the lowest levels in four years primarily as a result of falling crude prices in the second half of 2014. As of December 12, the weekly retail price for regular gasoline in each city for which EIA collects data was below $3.00 per gallon.[read more]

Raise the Gas Tax

January 7, 2015 by Lucas Davis
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Gas Taxes and Energy Policy

On January 1st, California’s cap-and-trade program was expanded to include gasoline and diesel. Allowance prices are currently $12.58/ton (link), so this increases gasoline prices by $0.10 per gallon and increases diesel prices by about $0.13 per gallon. I strongly support this expansion.[read more]

Is President Obama Manipulating Gasoline Prices?

November 4, 2014 by Robert Rapier

For those who tend not to read much past the headline, the answer to that question is “No.” President Obama is not manipulating gasoline prices. If you want to understand a bit more about the issue of falling gas prices during election seasons, feel free to read on.[read more]

Where to Look for Yield During a Time of Low Gas Prices: Interview with Elliott Gue

September 14, 2014 by Jim Patrick

Since earning his bachelor's and master's degrees from the University of London, Elliott Gue has dedicated himself to investment in the energy sector, and was been referred to in the official program of the 2008 G-8 Summit in Tokyo as "the world's leading energy strategist."[read more]

Raising Gas Prices to Grow An Economy

August 19, 2014 by Lucas Davis

Gas Prices and Economies

Two weeks ago, Yemen increased gasoline prices from $2.20 to $3.50 per gallon, while increasing diesel prices from $1.70 to $3.40. These are significant increases. These reforms in Yemen bring the price of both fuels up to market levels.[read more]