The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

crude-oil  energy-iq  gas-prices  prices  rhetoric-vs-reality  aaa34 

Jane Van Ryan

Jane Van Ryan
Posted April 15, 2011

Wondering about the factors that cause the fluctuations in global oil and gasoline prices? News articles that have appeared over the past several days attribute the climb to instability in the Middle East, the decline in the dollar's value, and growing demand in China and India. A couple of days ago, Bill O'Reilly of the O'Reilly Factor once again blamed oil companies, asserting that they can raise prices at will. With all due respect to O'Reilly, it's clear that he doesn't understand how the markets work. 

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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  domestic-energy  energy  gas-prices  gasoline  gasoline-prices  prices 

Jane Van Ryan

Jane Van Ryan
Posted March 9, 2011

There's a photo of a large gasoline-price sign making the rounds on the Internet this week. Instead of listing the retail prices, it advertises the pump price of regular gas as "LOL"; the price of midgrade is listed as "OMG"; and premium is "WTF." Although some might say the photo is amusing, for those on a limited budget, the rapid climb in the price of gasoline is alarming. 

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canada  canadian-oil-sands  crude-oil  domestic-energy  energy-policy  gulf-of-mexico  keystone-xl  keystone-xl-pipeline  nebraska  oil-sands  refinery  state-department  energy-poicy 

Rayola Dougher

Rayola Dougher
Posted February 7, 2011

A few days ago in the midst of a blizzard on one of the coldest days of the year, members of the Construction and General Laborers Local 1140 met in Lincoln, Nebraska to rally in support of the construction of the Keystone XL pipeline and in opposition to state legislative proposals that would delay its construction.

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crude-oil  diesel-fuel  energy-prices  gas-prices  gasoline  prices  taxes  excite-taxes  gasoline-taxes 

Jane Van Ryan

Jane Van Ryan
Posted January 14, 2011

The nationwide average price of gasoline remained steady at $3.095 a gallon yesterday, according to AAA. As we've reported here many times, the cost of crude oil is the largest factor in the price of gasoline, but excise taxes also account for a large percentage of the pump price.

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crude-oil  energy  energy-information-administration  energy-policy  energy-prices  gasoline-prices  gulf-of-mexico  gulf-oil-spill  presidential-spill-commission  prices  demand 

Jane Van Ryan

Jane Van Ryan
Posted January 12, 2011

Oil prices on the global marketplace rose by $1.86 cents a barrel, or more than 2 percent, yesterday after the presidential oil spill commission recommended more government action to improve safety in the Gulf of Mexico. According to published reports, the commission's conclusions raised fears that the government might slow oil production from its already depressed levels. 

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crude-oil  department-of-the-interior  diesel  diesel-fuel  domestic-energy  energy-policy  fuel  fuel-prices  gas-prices  gasoline  gasoline-prices  gulf-of-mexico  moratorium  offshore-drilling-moratorium  oil-demand  prices  ulsd  ultra-low-sulfur-diesel 

Jane Van Ryan

Jane Van Ryan
Posted December 30, 2010

Gasoline prices rose to their highest level in the past two years yesterday. According to AAA, the average price of gasoline climbed one penny Dec. 29 to $3.071 per gallon. This is the highest level since October 15, 2008, when the average price of gasoline reached $3.084. 

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aaa34  crude-oil  energy-information-administration  gas-prices  gasoline  gasoline-prices  prices 

Jane Van Ryan

Jane Van Ryan
Posted December 23, 2010

Americans will take to the roads in record numbers this holiday season. AAA projects that travel will rise by 3.1 percent to 92.3 million during the Dec. 23-Jan. 2 holiday period. Last year travel increased by 4.4 percent, making the 2009-2010 and 2010-2011 holiday seasons the first back-to-back increases since 2005-2006 and 2006-2007. 

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crude-oil  diesel  distribution  domestic-energy  fuel  gasoline  oil-demand  refineries  ulsd  diesel-vehicles  fuel-demand  ultra-low-sulfer-diesel 

Jane Van Ryan

Jane Van Ryan
Posted December 17, 2010

"Stronger fuel demand tells us a recovery is underway." Those are the words of API's Chief Economist John Felmy today, describing the good news in API's Monthly Statistical Report for November. The report shows that U.S. petroleum deliveries (a measure of demand) climbed 6.5 percent last month over November 2009. The increase was the largest year-to-year increase for any month in 2010. 

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