National Library of Energy BETA

Sample records for oil price forecast

  1. Forecasting Crude Oil Spot Price Using OECD Petroleum Inventory Levels

    Reports and Publications

    2003-01-01

    This paper presents a short-term monthly forecasting model of West Texas Intermediate crude oil spot price using Organization for Economic Cooperation and Development (OECD) petroleum inventory levels.

  2. Forecasting the oil-gasoline price relationship: should we care about the Rockets and the Feathers?

    Gasoline and Diesel Fuel Update

    Matteo Manera Asymmetries in the Oil-Gasoline Price Relationship University of Milano-Bicocca, Italy and Fondazione Eni Enrico Mattei, Italy EIA Financial and Physical Oil Market Workshop "Evolution of Petroleum Market and Price Dynamics" September 29, 2015 Energy Information Administration, Washington DC, US 1 Introduction * Energy demand models are often developed on the assumption that consumer behavior is defined by symmetric responses to rising or falling prices and income * It is

  3. Factors Influencing Oil Prices: A Survey of the Current State...

    Gasoline and Diesel Fuel Update

    ... model in which the price grows at the constant ... error for long-term forecasts of out-of-sample prices. ... on the recent oil price forecast accuracy of the EIA ...

  4. World Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    World Crude Oil Prices (Dollars per Barrel) The data on this page are no longer available.

  5. Are there Gains from Pooling Real-Time Oil Price Forecasts?

    Energy Information Administration (EIA) (indexed site)

    ... Gamma and that of Q is inverse Wishart. 5 Our forecasts take into account that the model parameters continue to drift over the forecast horizon according to their law of motion. ...

  6. Higher crude oil prices contribute to higher summer gasoline prices

    Energy Information Administration (EIA) (indexed site)

    Higher crude oil prices contribute to higher summer gasoline prices The recent rise in crude oil prices will be passed on to consumers in the form of higher gasoline prices this summer but drivers will still find lower prices at the pump compared to what they paid last year. In its new monthly forecast, the U.S. Energy Information Administration said the retail price for regular-grade gasoline will average $2.27 per gallon this summer. That's 6 cents higher than previously forecast but still

  7. EIA lowers forecast for summer gasoline prices

    Energy Information Administration (EIA) (indexed site)

    EIA lowers forecast for summer gasoline prices U.S. gasoline prices are expected to be ... according to the new monthly forecast from the U.S. Energy Information Administration. ...

  8. Residential heating oil price

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 7.6 cents from a week ago to $2.97 per gallon. That's down $1.05 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.94 per gallon, down 6.7 cents from last week, and down $1.07

  9. Residential heating oil price

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 6.3 cents from a week ago to $2.91 per gallon. That's down $1.10 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.88 per gallon, down 6.8 cents from last week, and down $1.13

  10. Residential heating oil price

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 7.5 cents from a week ago to $2.84 per gallon. That's down $1.22 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.80 per gallon, down 7.4 cents from last week, and down $1.23

  11. Residential heating oil price

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 4.1 cents from a week ago to $2.89 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.84 per gallon, down 5.4 cents from last week

  12. Residential heating oil price

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 3.6 cents from a week ago to $3.04 per gallon. That's down 99.4 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.01 per gallon, down 3.6 cents from last week, and down $1.01

  13. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    Information AdministrationPetroleum Marketing Annual 2001 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  14. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    Information AdministrationPetroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  15. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    Information AdministrationPetroleum Marketing Annual 1999 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  16. STEO January 2013 - world oil prices

    Energy Information Administration (EIA) (indexed site)

    Gap between U.S. and world oil prices to be cut by more than half over next two years The current wide price gap between a key U.S. and a world benchmark crude oil is expected to narrow significantly over the next two years. The spot price for U.S. benchmark West Texas Intermediate crude oil, also known as WTI , averaged $94 a barrel in 2012. That's $18 less than North Sea Brent oil, which is a global benchmark crude that had an average price of $112 last year. The new monthly forecast from the

  17. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    20.86 20.67 20.47 20.24 20.32 19.57 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

  18. Lower crude oil prices to help push down gasoline pricesLower crude oil prices to help push down gasoline prices

    Energy Information Administration (EIA) (indexed site)

    Lower crude oil prices to help push down gasoline prices Falling crude oil prices should lead to lower U.S. retail gasoline prices this year compared to last year. The U.S. Energy Information Administration's new monthly forecast sees the average pump price falling to $3.55 a gallon this year and then dropping to $3.38 per gallon in 2014. That's down from the average $3.63 a gallon U.S. drivers paid in 2012. Expected lower crude oil prices, which account for about two-thirds of the cost of

  19. Residential heating oil prices available

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil prices available The average retail price for home heating oil is $2.30 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region currently average $2.23

  20. Residential heating oil prices available

    Energy Information Administration (EIA) (indexed site)

    heating oil prices available The average retail price for home heating oil is $2.41 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region currently average $2.35 per gallon. This is Marcela Rourk with EIA, in Washington.

  1. Residential heating oil prices available

    Energy Information Administration (EIA) (indexed site)

    heating oil prices available The average retail price for home heating oil is $3.52 per gallon. That's down 32.7 cents from a year ago, based on the U.S. Energy Information Administration's weekly residential heating fuel price survey. Heating oil prices in the New England region are at $3.48 per gallon, down 29.1 cents from a year ago. This is Marcela Rourk, with EIA, in Washington

  2. U.S. gasoline price to continue falling through December on low oil prices

    Energy Information Administration (EIA) (indexed site)

    5 U.S. gasoline price to continue falling through December on low oil prices U.S. drivers will continue to see the effects of low crude oil prices as gasoline prices are expected to decline through the rest of this year. In its new forecast, the U.S. Energy Information Administration said the monthly retail price for regular-grade gasoline is expected to drop from a monthly average of $2.64 per gallon in August to $2.03 in December. The recent drop in the price of crude oil which currently

  3. Oil Price Volatility

    Gasoline and Diesel Fuel Update

    Speculation and Oil Price Volatility Robert J. Weiner Robert J. Weiner Professor of International Business, Public Policy & Professor of International Business, Public Policy & Public Administration, and International Affairs Public Administration, and International Affairs George Washington University; George Washington University; Membre Associ Membre Associ é é , GREEN, Universit , GREEN, Universit é é Laval Laval EIA Annual Conference Washington Washington 7 April 2009 7 April

  4. Residential heating oil price decrease

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price decrease The average retail price for home heating oil fell 1.4 cents from a week ago to $2.39 per gallon. That's down 4.4 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.33 per gallon, down 4-tenths of a cent from last week, and down 4.4

  5. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price increases The average retail price for home heating oil rose 6-tenths of a cent from a week ago to $2.18 per gallon. That's down 79 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.13 per gallon, unchanged from last week, and down 88

  6. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $2.16 per gallon. That's down 75 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.11 per gallon, down 2.8 cents from last week, and down 77

  7. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 5.1 cents from a week ago to $2.11 per gallon. That's down 72 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.05 per gallon, down 5.3 cents from last week, and down 75

  8. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 5 cents from a week ago to $2.06 per gallon. That's down 75 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.01 per gallon, down 4.1 cents from last week, and down 78

  9. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 1.8 cents from a week ago to $2.82 per gallon. That's down $1.36 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.79 per gallon, down 1.5 cents from last week, and down $1.34

  10. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price increases The average retail price for home heating oil rose 1.8 cents from a week ago to $2.08 per gallon. That's down 72 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.02 per gallon, up 3-tenths of a cent from last week, and down 76

  11. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $2.80 per gallon. That's down $1.44 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.78 per gallon, down 1.2 cents from last week, and down $1.40

  12. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price increases The average retail price for home heating oil rose 1 cent from a week ago to $2.09 per gallon. That's down 82 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.02 per gallon, up 8-tenths of a cent from last week, and down 85

  13. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose 1.1 cents from a week ago to $2.10 per gallon. That's down 94 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.04 per gallon, up 2.3 cents from last week, and down 95

  14. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price decreases The average retail price for home heating oil fell 9-tenths of a cent from a week ago to $2.09 per gallon. That's down $1.09 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.04 per gallon, down 1-tenth of a cent from last week, and down $1.11

  15. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price decreases The average retail price for home heating oil fell 5-tenths of a cent from a week ago to $2.09 per gallon. That's down $1.20 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.03 per gallon, down 9-tenths of a cent from last week, and down $1.22

  16. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose 6-tenths of a cent from a week ago to $2.10 per gallon. That's down $1.11 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.04 per gallon, up 5-tenths of a cent from last week, and down $1.14

  17. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose 2.6 cents from a week ago to $2.12 per gallon. That's down 91 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.06 per gallon, up 2.1 cents from last week, and down 94

  18. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose 1 cent from a week ago to $2.13 per gallon. That's down 80 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.07 per gallon, up 9-tenths of a cent from last week, and down 83

  19. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 10.5 cents from a week ago to $2.93 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.90 per gallon, down 10.4 cents from last week. This is Marcela Rourk

  20. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price decreases The average retail price for home heating oil fell 1.1 cents from a week ago to $2.38 per gallon. That's down 2.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.33 per gallon, down 5-tenths of a cent from last week, and down 1.6

  1. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 2.3 cents from a week ago to $2.38 per gallon. That's down 99 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.32 per gallon, down 3.1 cents from last week, and down $1.00

  2. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 1.5 cents from a week ago to $2.36 per gallon. That's down 97 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.31 per gallon, down 2-tenths of a cent from last week, and down 96

  3. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 3 cents from a week ago to $2.33 per gallon. That's down 89 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.28 per gallon, down 3.5 cents from last week, and down 9

  4. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 7.6 cents from a week ago to $2.26 per gallon. That's down 89 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.19 per gallon, down 8.9 cents from last week, and down 92

  5. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 4.5 cents from a week ago to $2.21 per gallon. That's down 87 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.15 per gallon, down 3.6 cents from last week, and down 89

  6. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 3.5 cents from a week ago to $2.18 per gallon. That's down 87 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.13 per gallon, down 2.2 cents from last week, and down 88

  7. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    5, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $3.43 per gallon. That's down 39 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.38 per gallon, down 2.6 cents from last week, and down 38.7

  8. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    7, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 7.8 cents from a week ago to $3.14 per gallon. That's down 81.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.12 per gallon, down 6.5 cents from last week, and down 79.9

  9. Residential heating oil price increases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose 1.4 cents from a week ago to $2.38 per gallon. That's down 4.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.32 per gallon, up 3 cents from last week, and down 5.2 cents

  10. Residential heating oil prices available

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose half of a cent from a week ago to $2.40 per gallon. That's down 2.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.33 per gallon, up 6-tenths of a cent from last week, and down 3.4

  11. Residential heating oil prices decline

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 2 cents from a week ago to $3.36 per gallon. That's down 52.5 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.31 per gallon, down 1.3 cents from last week, and down 52.6

  12. Residential heating oil prices decline

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 6.3 cents from a week ago to $3.08 per gallon. That's down 90.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.05 per gallon, down 6.8 cents from last week, and down 91.6

  13. Residential heating oil prices decline

    Energy Information Administration (EIA) (indexed site)

    2, 2014 Residential heating oil prices decline The average retail price for home heating oil is $3.48 per gallon. That's down 4.5 cents from a week ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $3.43 per gallon, down 5.7 cents from last week. This is Amerine Woodyard

  14. Residential heating oil prices decrease

    Energy Information Administration (EIA) (indexed site)

    heating oil prices decrease The average retail price for home heating oil fell 1.7 cents from a week ago to $4.02 per gallon. That's up 1.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.01 per gallon, down 6-tenths of a cent from last week, and up 5.8

  15. Residential heating oil prices decrease

    Energy Information Administration (EIA) (indexed site)

    9, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 2.9 cents from a week ago to $3.45 per gallon. That's down 36.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.41 per gallon, down 3 cents from last week, and down 35

  16. Residential heating oil prices increase

    Energy Information Administration (EIA) (indexed site)

    heating oil prices increase The average retail price for home heating oil rose 5.4 cents from a week ago to $4.04 per gallon. That's up 4.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.02 per gallon, up 5.6 cents from last week, and up 8

  17. Residential heating oil prices increase

    Energy Information Administration (EIA) (indexed site)

    3, 2014 Residential heating oil prices increase The average retail price for home heating oil rose 4.4 cents from a week ago to $4.06 per gallon. That's up 4.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.03 per gallon, up 2.5 cents from last week, and up 6

  18. Residential heating oil prices increase

    Energy Information Administration (EIA) (indexed site)

    heating oil prices increase The average retail price for home heating oil rose 12 cents from a week ago to $4.18 per gallon. That's up 13 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.13 per gallon, up 9.8 cents from last week, and up 12.9 cents from a

  19. Residential heating oil prices increase

    Energy Information Administration (EIA) (indexed site)

    heating oil prices increase The average retail price for home heating oil rose 3.9 cents last week to $3.96 per gallon. That's down 2.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. The price for heating oil in the New England region averaged 3.92 per gallon, up 5.2 cents from last week, and 1.7

  20. Residential heating oil prices increase

    Energy Information Administration (EIA) (indexed site)

    heating oil prices increase The average retail price for home heating oil rose 2.9 cents from a week ago to $3.98 per gallon. That's up 6-tenths of a penny from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 3.96 per gallon, up 4.1 cents from last week, and up 4.8

  1. Improved oil refinery operations and cheaper crude oil to help reduce gasoline prices

    Energy Information Administration (EIA) (indexed site)

    Improved oil refinery operations and cheaper crude oil to help reduce gasoline prices U.S. gasoline prices are expected to fall as more oil refineries come back on line and crude oil prices decline. In its new monthly forecast, the U.S. Energy Information Administration expects pump prices will average $3.38 a gallon during the second half of this year. That's down from the current weekly price of $3.50. A recovery in oil refinery fuel production, particularly from facilities that were temporary

  2. Technical analysis in short-term uranium price forecasting

    SciTech Connect

    Schramm, D.S.

    1990-03-01

    As market participants anticipate the end of the current uranium price decline and its subsequent reversal, increased attention will be focused upon forecasting future price movements. Although uranium is economically similar to other mineral commodities, it is questionable whether methodologies used to forecast price movements of such commodities may be successfully applied to uranium.

  3. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 8 cents from a week ago to $3.21 per gallon. That's down 98.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.18 per gallon, down 8.1 cents from last week, and down 96.1 cents from a year ago. This is Marcela Rourk

  4. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 17.7 cents from a week ago to $3.03 per gallon. That's down $1.09 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.99 per gallon, down 18.2 cents from last week, and down $1.08 from a year ago. This is Marcela Rourk

  5. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 3.8 cents from a week ago to $3.33 per gallon. That's down 59.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.28 per gallon, down 3.7 cents from last week, and down 58.8 cents from a year ago. This is Marcela Rourk, with EIA, in Washington.

  6. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    6, 2014 Residential heating oil price decreases The average retail price for home heating oil rose 1.6 cents from a week ago to $4.24 per gallon. That's up 8.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.16 per gallon, up 6-tenths of a cent from last week, and up 3.9 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact

  7. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    4 Residential heating oil price decreases The average retail price for home heating oil fell 1.6 cents from a week ago to $3.42 per gallon. That's down 39.5 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.37 per gallon, down 1.2 cents from last week, and down 39.7 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact Marcela

  8. Residential heating oil price decreases

    Energy Information Administration (EIA) (indexed site)

    heating oil price decreases The average retail price for home heating oil fell 10.5 cents from a week ago to $3.22 per gallon. That's down 73.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.19 per gallon, down 9 cents from last week, and down 73.1 cents from a year ago. This is Marcela Rourk, with EIA, in Washington.

  9. Residential heating oil price increases

    Energy Information Administration (EIA) (indexed site)

    heating oil price increases The average retail price for home heating oil rose 11.2 cents from a week ago to $2.91 per gallon. That's down $1.33 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.87 per gallon, up 9.8 cents from last week, and down $1.29 from a year ago. This is Marcela Rourk with EIA, in Washington.

  10. Residential heating oil price increases

    Energy Information Administration (EIA) (indexed site)

    9, 2015 Residential heating oil price increases The average retail price for home heating oil rose 11.7 cents from a week ago to $3.03 per gallon. That's down $1.20 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.99 per gallon, up 12 cents from last week, and down $1.16 from a year ago. This is Marcela Rourk

  11. Residential heating oil price increases

    Energy Information Administration (EIA) (indexed site)

    5, 2015 Residential heating oil price increases The average retail price for home heating oil rose 14.7 cents from a week ago to $3.19 per gallon. That's down $1.06 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $3.15 per gallon, up 15.9 cents from last week, and down $1.00 from a year ago. This is Marcela Rourk

  12. Residential heating oil price increases

    Energy Information Administration (EIA) (indexed site)

    heating oil price increases The average retail price for home heating oil rose 10.3 cents from a week ago to $3.29 per gallon. That's down 93.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $3.26 per gallon, up 10.4 cents from last week, and down 89.3 cents from a year ago. This is Marcela Rourk

  13. Residential heating oil price increases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose 6.3 cents from a week ago to $2.36 per gallon. That's down 7.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.29 per gallon, up 4.9 cents from last week, and down 8.9 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact Marcela Rourk at

  14. Residential heating oil price increases

    Energy Information Administration (EIA) (indexed site)

    Residential heating oil price increases The average retail price for home heating oil rose 1.2 cents from a week ago to $2.39 per gallon. That's down 3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.33 per gallon, up 1.1 cents from last week, and down 3.9 cents from a year ago.

  15. Residential heating oil prices decline

    Energy Information Administration (EIA) (indexed site)

    9, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 3.3 cents from a week ago to $3.38 per gallon. That's down 43.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.33 per . gallon, down 3.5 cents from last week, and down 44.6 cents from a year ago

  16. Residential heating oil prices decrease

    Energy Information Administration (EIA) (indexed site)

    5, 2014 Residential heating oil prices decrease The average retail price for home heating oil fell 1.8 cents from a week ago to $4.00 per gallon. That's down 2-tenths of a cent from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.01 per gallon, down 8-tenths of a cent from last week, and up 4.4

  17. Residential heating oil prices increase

    Energy Information Administration (EIA) (indexed site)

    5, 2014 Residential heating oil prices increase The average retail price for home heating oil rose 6.5 cents from a week ago to $4.24 per gallon. That's up 14.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.17 per gallon, up 4.1 cents from last week, and up 13.4 cents from a year ago. This is Amerine Woodyard, with EIA, in Washington. For more information, contact Marcela

  18. Residential heating oil prices increase

    Energy Information Administration (EIA) (indexed site)

    4, 2013 Residential heating oil prices increase The average retail price for home heating oil rose 2.9 cents from last week to $3.92 per gallon. That's down 11 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. The price for heating oil in the New England region averaged 3.87 per gallon, up 2.5 cents from last week, but down 7.1 cents from a year earlier. This is Marlana Anderson

  19. Short-Term Energy Outlook Model Documentation: Regional Residential Heating Oil Price Model

    Reports and Publications

    2009-01-01

    The regional residential heating oil price module of the Short-Term Energy Outlook (STEO) model is designed to provide residential retail price forecasts for the 4 census regions: Northeast, South, Midwest, and West.

  20. Summer gasoline price forecast slightly higher, but drivers still pay less than last year

    Energy Information Administration (EIA) (indexed site)

    Summer gasoline price forecast slightly higher, but drivers still pay less than last year Rising crude oil prices are likely to be passed on to consumers at the pump, but U.S. drivers are still expected to pay the lowest summer gasoline prices since 2004, and for all of 2016 the average household will spend $900 less on gasoline than it did two years ago." In its new monthly forecast, the U.S. Energy Information Administration said the retail price for regular grade gasoline will average

  1. Low oil prices cut less into U.S. oil production

    Energy Information Administration (EIA) (indexed site)

    Low oil prices cut less into U.S. oil production U.S. crude oil production has been more resilient to lower oil prices since mid-2014 than many had expected. In its new forecast, the U.S. Energy Information Administration estimates domestic oil production averaged 9.6 million barrels per day in May the highest monthly output since 1972 despite a 60% drop in the number of rigs drilling for oil since last October. Output is up because producers are completing wells already drilled and those wells

  2. Crude Oil and Gasoline Price Monitoring

    Annual Energy Outlook

    What drives crude oil prices? July 12, 2016 | Washington, DC An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly price per barrel ...

  3. World oil inventories forecast to grow significantly in 2016 and 2017

    Energy Information Administration (EIA) (indexed site)

    World oil inventories forecast to grow significantly in 2016 and 2017 Global oil inventories are expected to continue strong growth over the next two years which should keep oil prices low. In its new monthly forecast, the U.S. Energy Information Administration said world oil stocks are likely to increase by 1.6 million barrels per day this year and by 600,000 barrels per day next year. The higher forecast for inventory builds are the result of both higher global oil production and less oil

  4. Lower oil prices also cutting winter heating oil and propane bills

    Energy Information Administration (EIA) (indexed site)

    Lower oil prices also cutting winter heating oil and propane bills Lower oil prices are not only driving down gasoline costs, but U.S. consumers will also see a bigger savings in their heating oil and propane bills this winter. In its new short-term forecast, the U.S. Energy Information Administration said households that use heating oil most of which are located in the Northeast will pay on average $1,779 this winter. That's 25% less or a savings of nearly $600 compared with last winter. The

  5. Crude Oil and Gasoline Price Monitoring

    Energy Information Administration (EIA) (indexed site)

    What drives crude oil prices? November 8, 2016 | Washington, DC An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly price per barrel (real 2010 dollars) imported refiner acquisition cost of crude oil WTI crude oil price 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 0 25 50 75 100 125 150 Crude oil prices react to a variety of geopolitical and economic events November 8, 2016 2 Low spare capacity Iraq invades Kuwait Saudis abandon swing producer

  6. Residential heating oil price virtually unchanged

    Energy Information Administration (EIA) (indexed site)

    heating oil price virtually unchanged The average retail price for home heating oil fell 1-tenth of a cent from a week ago to $2.13 per gallon. That's down 76 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.07 per gallon, down 2-tenths of a cent from last week, and down 78

  7. Residential heating oil prices virtually unchanged

    Energy Information Administration (EIA) (indexed site)

    9, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 7.2 cents from a week ago to $4.12 per gallon. That's up 9.4 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.07 per gallon, down 6.3 cents from last week, and up 9.4

  8. Comparison of AEO 2010 Natural Gas Price Forecast to NYMEX Futures Prices

    SciTech Connect

    Bolinger, Mark A.; Wiser, Ryan H.

    2010-01-04

    On December 14, 2009, the reference-case projections from Annual Energy Outlook 2010 were posted on the Energy Information Administration's (EIA) web site. We at LBNL have, in the past, compared the EIA's reference-case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables can play in itigating such risk. As such, we were curious to see how the latest AEO reference-case gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings.

  9. Oil prices in a new light

    SciTech Connect

    Fesharaki, F. )

    1994-05-01

    For a clear picture of how oil prices develop, the author steps away from the price levels to which the world is accustomed, and evaluates scientifically. What makes prices jump from one notch to another The move results from a political or economic shock or the perception of a particular position by the futures market and the media. The shock could range from a war or an assassination to a promise of cooperation among OPEC members (when believed by the market) or to speculation about another failure at an OPEC meeting. In the oil market, only a couple of factual figures can provide a floor to the price of oil. The cost of production of oil in the Gulf is around $2 to $3/bbl, and the cost of production of oil (capital and operating costs) in key non-OPEC areas is well under $10/bbl. With some adjustments for transport and quality, a price range of $13/bbl to $16/bbl would correspond to a reasonable sustainable floor price. The reason for prices above the floor price has been a continuous fear of oil supply interruptions. That fear kept prices above the floor price for many years. The fear factor has now almost fully disappeared. The market has gone through the drama of the Iranian Revolution, the Iran-Iraq war, the tanker war, the invasion of Kuwait, and the expulsions of the Iraqis. And still the oil flowed -- all the time. It has become abundantly clear that fears above the oil market were unjustified. Everyone needs to export oil, and oil will flow under the worst circumstances. The demise of the fear factor means that oil prices tend toward the floor price for a prolonged period.

  10. Gasoline prices expected to fall below $2 per gallon in January on lower oil prices and lower seasonal demand

    Energy Information Administration (EIA) (indexed site)

    Gasoline prices expected to fall below $2 per gallon in January on lower oil prices and lower seasonal demand Falling crude oil prices along with refiners making less expensive winter-blend gasoline and the normal seasonal decline in motor fuel demand are expected to push the average pump price for gasoline below $2 per gallon in January. In its new monthly forecast, the U.S. Energy Information Administration said drivers are expected to pay an average of $1.97 per gallon to fill up at the

  11. The impact of forecasted energy price increases on low-income consumers

    SciTech Connect

    Eisenberg, Joel F.

    2005-10-31

    The Department of Energy’s Energy Information Administration (EIA) recently released its short term forecast for residential energy prices for the winter of 2005-2006. The forecast indicates significant increases in fuel costs, particularly for natural gas, propane, and home heating oil, for the year ahead. In the following analysis, the Oak Ridge National Laboratory has integrated the EIA price projections with the Residential Energy Consumption Survey (RECS) for 2001 in order to project the impact of these price increases on the nation’s low-income households by primary heating fuel type, nationally and by Census Region. The statistics are intended for the use of policymakers in the Department of Energy’s Weatherization Assistance Program and elsewhere who are trying to gauge the nature and severity of the problems that will be faced by eligible low-income households during the 2006 fiscal year.

  12. Crude Oil Prices Table 21. Domestic Crude Oil First Purchase...

    Energy Information Administration (EIA) (indexed site)

    Information Administration Petroleum Marketing Annual 1995 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  13. Fact Sheet: Gas Prices and Oil Consumption Would Increase Without...

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and ...

  14. Comparison of AEO 2006 Natural Gas Price Forecast to NYMEX FuturesPrices

    SciTech Connect

    Bolinger, Mark; Wiser, Ryan

    2005-12-19

    On December 12, 2005, the reference case projections from ''Annual Energy Outlook 2006'' (AEO 2006) were posted on the Energy Information Administration's (EIA) web site. We at LBNL have in the past compared the EIA's reference case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables play in mitigating such risk (see, for example, http://eetd.lbl.gov/ea/EMS/reports/53587.pdf or http://eetd.lbl.gov/ea/ems/reports/54751.pdf). As such, we were curious to see how the latest AEO gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings. As a refresher, our past work in this area has found that over the past five years, forward natural gas contracts (with prices that can be locked in--e.g., gas futures, swaps, and physical supply) have traded at a premium relative to contemporaneous long-term reference case gas price forecasts from the EIA. As such, we have concluded that, over the past five years at least, levelized cost comparisons of fixed-price renewable generation with variable price gas-fired generation that have been based on AEO natural gas price forecasts (rather than forward prices) have yielded results that are ''biased'' in favor of gas-fired generation, presuming that long-term price stability is valued. In this memo we simply update our past analysis to include the latest long-term gas price forecast from the EIA, as contained in AEO 2006. For the sake of brevity, we do not rehash information (on methodology, potential explanations for the premiums, etc.) contained in our earlier reports on this topic; readers interested in such information are encouraged to download that work from http://eetd.lbl.gov/ea/EMS/reports/53587.pdf or http://eetd.lbl.gov/ea/ems/reports/54751.pdf. As was the case in the past five AEO releases (AEO 2001-AEO

  15. Comparison of AEO 2007 Natural Gas Price Forecast to NYMEX FuturesPrices

    SciTech Connect

    Bolinger, Mark; Wiser, Ryan

    2006-12-06

    On December 5, 2006, the reference case projections from 'Annual Energy Outlook 2007' (AEO 2007) were posted on the Energy Information Administration's (EIA) web site. We at LBNL have, in the past, compared the EIA's reference case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables play in mitigating such risk (see, for example, http://eetd.lbl.gov/ea/EMS/reports/53587.pdf or http://eetd.lbl.gov/ea/ems/reports/54751.pdf). As such, we were curious to see how the latest AEO gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings. As a refresher, our past work in this area has found that over the past six years, forward natural gas contracts (with prices that can be locked in--e.g., gas futures, swaps, and physical supply) have traded at a premium relative to contemporaneous long-term reference case gas price forecasts from the EIA. As such, we have concluded that, over the past six years at least, levelized cost comparisons of fixed-price renewable generation with variable-price gas-fired generation that have been based on AEO natural gas price forecasts (rather than forward prices) have yielded results that are 'biased' in favor of gas-fired generation, presuming that long-term price stability is valued. In this memo we simply update our past analysis to include the latest long-term gas price forecast from the EIA, as contained in AEO 2007. For the sake of brevity, we do not rehash information (on methodology, potential explanations for the premiums, etc.) contained in our earlier reports on this topic; readers interested in such information are encouraged to download that work from http://eetd.lbl.gov/ea/EMS/reports/53587.pdf or http://eetd.lbl.gov/ea/ems/reports/54751.pdf. As was the case in the past six AEO releases (AEO 2001-AEO 2006), we

  16. Comparison of AEO 2005 natural gas price forecast to NYMEX futures prices

    SciTech Connect

    Bolinger, Mark; Wiser, Ryan

    2004-12-13

    On December 9, the reference case projections from ''Annual Energy Outlook 2005 (AEO 2005)'' were posted on the Energy Information Administration's (EIA) web site. As some of you may be aware, we at LBNL have in the past compared the EIA's reference case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables play in mitigating such risk. As such, we were curious to see how the latest AEO gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings. As a refresher, our past work in this area has found that over the past four years, forward natural gas contracts (e.g., gas futures, swaps, and physical supply) have traded at a premium relative to contemporaneous long-term reference case gas price forecasts from the EIA. As such, we have concluded that, over the past four years at least, levelized cost comparisons of fixed-price renewable generation with variable price gas-fired generation that have been based on AEO natural gas price forecasts (rather than forward prices) have yielded results that are ''biased'' in favor of gas-fired generation (presuming that long-term price stability is valued). In this memo we simply update our past analysis to include the latest long-term gas price forecast from the EIA, as contained in AEO 2005. For the sake of brevity, we do not rehash information (on methodology, potential explanations for the premiums, etc.) contained in our earlier reports on this topic; readers interested in such information are encouraged to download that work from http://eetd.lbl.gov/ea/EMS/reports/53587.pdf or, more recently (and briefly), http://eetd.lbl.gov/ea/ems/reports/54751.pdf. As was the case in the past four AEO releases (AEO 2001-AE0 2004), we once again find that the AEO 2005 reference case gas price forecast falls well below

  17. Residential heating oil prices virtually unchanged

    Energy Information Administration (EIA) (indexed site)

    4 Residential heating oil prices virtually unchanged The average retail price for home heating oil rose 2-tenths of a cent from a week ago to $4.24 per gallon. That's up 8.2 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.16 per gallon, down 1.7 cents from last week, and up 3.2 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information,

  18. Residential heating oil prices virtually unchanged

    Energy Information Administration (EIA) (indexed site)

    0, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $4.23 per gallon. That's up 5.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.15 per gallon, down 8-tenths of a cent from last week, and up 1.5 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact

  19. Residential heating oil prices virtually unchanged

    Energy Information Administration (EIA) (indexed site)

    5, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.6 cents from a week ago to $4.23 per gallon. That's up 14.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.15 per gallon, down 6-tenths of a cent from last week, and up 10.8

  20. Residential heating oil prices virtually unchanged

    Energy Information Administration (EIA) (indexed site)

    4 Residential heating oil price decreases The average retail price for home heating oil fell 3.1 cents from a week ago to $4.20 per gallon. That's up 13.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.14 per gallon, down 1.4 cents from last week, and up 11 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact Marcela Rourk at

  1. Residential heating oil prices virtually unchanged

    Energy Information Administration (EIA) (indexed site)

    heating oil prices virtually unchanged The average retail price for home heating oil fell 4-tenths of a penny from a week ago to $3.95 per gallon. That's down 8-tenths of a penny from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose 3.92 per gallon, up 3-tenths of a cent from last week, and up 3 cents from a year ago

  2. Residential heating oil prices decline

    Energy Information Administration (EIA) (indexed site)

    propane price increase slightly The average retail price for propane is $2.41 per gallon, up 1-tenth of a cent from last week, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.95 per gallon, up 5-tenths of a cent from last week, and down 10.4

  3. Natural Gas Prices Forecast Comparison--AEO vs. Natural Gas Markets

    SciTech Connect

    Wong-Parodi, Gabrielle; Lekov, Alex; Dale, Larry

    2005-02-09

    This paper evaluates the accuracy of two methods to forecast natural gas prices: using the Energy Information Administration's ''Annual Energy Outlook'' forecasted price (AEO) and the ''Henry Hub'' compared to U.S. Wellhead futures price. A statistical analysis is performed to determine the relative accuracy of the two measures in the recent past. A statistical analysis suggests that the Henry Hub futures price provides a more accurate average forecast of natural gas prices than the AEO. For example, the Henry Hub futures price underestimated the natural gas price by 35 cents per thousand cubic feet (11.5 percent) between 1996 and 2003 and the AEO underestimated by 71 cents per thousand cubic feet (23.4 percent). Upon closer inspection, a liner regression analysis reveals that two distinct time periods exist, the period between 1996 to 1999 and the period between 2000 to 2003. For the time period between 1996 to 1999, AEO showed a weak negative correlation (R-square = 0.19) between forecast price by actual U.S. Wellhead natural gas price versus the Henry Hub with a weak positive correlation (R-square = 0.20) between forecasted price and U.S. Wellhead natural gas price. During the time period between 2000 to 2003, AEO shows a moderate positive correlation (R-square = 0.37) between forecasted natural gas price and U.S. Wellhead natural gas price versus the Henry Hub that show a moderate positive correlation (R-square = 0.36) between forecast price and U.S. Wellhead natural gas price. These results suggest that agencies forecasting natural gas prices should consider incorporating the Henry Hub natural gas futures price into their forecasting models along with the AEO forecast. Our analysis is very preliminary and is based on a very small data set. Naturally the results of the analysis may change, as more data is made available.

  4. U.S. oil production forecast update reflects lower rig count

    Energy Information Administration (EIA) (indexed site)

    U.S. oil production forecast update reflects lower rig count Lower oil prices and fewer rigs drilling for crude oil are expected to slow U.S. oil production growth this year and in 2016. U.S. crude oil production is still expected to average 9.2 million barrels per day this year. That's up half a million barrels per day from last year and the highest output level in more than four decades. A substantial part of the year-over-year increase reflects rapid production growth throughout 2014.

  5. Relationship Between Crude Oil and Natural Gas Prices, The

    Reports and Publications

    2006-01-01

    This paper examines the time series econometric relationship between the Henry Hub natural gas price and the West Texas Intermediate (WTI) crude oil price.

  6. Comparison of AEO 2008 Natural Gas Price Forecast to NYMEX Futures Prices

    SciTech Connect

    Bolinger, Mark A; Bolinger, Mark; Wiser, Ryan

    2008-01-07

    On December 12, 2007, the reference-case projections from Annual Energy Outlook 2008 (AEO 2008) were posted on the Energy Information Administration's (EIA) web site. We at LBNL have, in the past, compared the EIA's reference-case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables can play in mitigating such risk. As such, we were curious to see how the latest AEO reference-case gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings. Note that this memo pertains only to natural gas fuel price risk (i.e., the risk that natural gas prices might differ over the life of a gas-fired generation asset from what was expected when the decision to build the gas-fired unit was made). We do not take into consideration any of the other distinct attributes of gas-fired and renewable generation, such as dispatchability (or lack thereof) or environmental externalities. A comprehensive comparison of different resource types--which is well beyond the scope of this memo--would need to account for differences in all such attributes, including fuel price risk. Furthermore, our analysis focuses solely on natural-gas-fired generation (as opposed to coal-fired generation, for example), for several reasons: (1) price volatility has been more of a concern for natural gas than for other fuels used to generate power; (2) for environmental and other reasons, natural gas has, in recent years, been the fuel of choice among power plant developers (though its appeal has diminished somewhat as prices have increased); and (3) natural gas-fired generators often set the market clearing price in competitive wholesale power markets throughout the United States. That said, a more-complete analysis of how renewables mitigate fuel price risk would also need to consider coal and

  7. Gasoline price forecast to stay below 3 dollar a gallon in 2015

    Energy Information Administration (EIA) (indexed site)

    Gasoline price forecast to stay below 3 a gallon in 2015 The national average pump price of gasoline is expected to stay below 3 per gallon during 2015. In its new monthly ...

  8. Table 22. Domestic Crude Oil First Purchase Prices for Selected...

    Energy Information Administration (EIA) (indexed site)

    Form EIA-182, "Domestic Crude Oil First Purchase Report." 22. Domestic Crude Oil First Purchase Prices for Selected Crude Streams 44 Energy Information Administration ...

  9. How much will low prices stimulate oil demand?

    Energy Information Administration (EIA) (indexed site)

    ... Information Administration, Petroleum Supply Monthly and Petroleum Marketing Monthly (as of September 2015) Oil & Money Conference | How Much Will Low Prices Stimulate Oil Demand? ...

  10. Comparison of AEO 2009 Natural Gas Price Forecast to NYMEX Futures Prices

    SciTech Connect

    Bolinger, Mark; Wiser, Ryan

    2009-01-28

    On December 17, 2008, the reference-case projections from Annual Energy Outlook 2009 (AEO 2009) were posted on the Energy Information Administration's (EIA) web site. We at LBNL have, in the past, compared the EIA's reference-case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables can play in mitigating such risk. As such, we were curious to see how the latest AEO reference-case gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings. Note that this memo pertains only to natural gas fuel price risk (i.e., the risk that natural gas prices might differ over the life of a gas-fired generation asset from what was expected when the decision to build the gas-fired unit was made). We do not take into consideration any of the other distinct attributes of gas-fired and renewable generation, such as dispatchability (or lack thereof), differences in capital costs and O&M expenses, or environmental externalities. A comprehensive comparison of different resource types--which is well beyond the scope of this memo--would need to account for differences in all such attributes, including fuel price risk. Furthermore, our analysis focuses solely on natural-gas-fired generation (as opposed to coal-fired or nuclear generation, for example), for several reasons: (1) price volatility has been more of a concern for natural gas than for other fuels used to generate power; (2) for environmental and other reasons, natural gas has, in recent years, been the fuel of choice among power plant developers; and (3) natural gas-fired generators often set the market clearing price in competitive wholesale power markets throughout the United States. That said, a more-complete analysis of how renewables mitigate fuel price risk would also need to consider coal, uranium, and

  11. Update on DOE's oil pricing regulations

    SciTech Connect

    Barnes, G.H.

    1981-01-01

    When crude oil price controls expire not later than September 30, 1981, domestic producers will have been under price controls for ca. 8 years. Although the expected termination of crude oil price controls is welcome and bodes well for the development of further domestic supplies of energy, the creation of a series of new regulatory concepts may signal a wave of new enforcement action and litigation. The adoption of final regulations, effective January 1, 1981, imposes upon producers the obligation to certify to DOE the basis upon which properties are certified as newly discovered, and imposing substantial and explicit record maintenance requirements on producers may be the first step in that process. Details of past and present regulations are presented.

  12. Quantifying the Speculative Component in the Real Price of Oil: The Role of Global Inventories

    Gasoline and Diesel Fuel Update

    Inside the Crystal Ball: New Approaches to Predicting the Gasoline Price at the Pump EIA Workshop on Financial and Physical Oil market Linkages September 29, 2015 / Washington, D.C. By Thomas K. Lee Office of Energy Markets and Financial Analysis Energy Information Administration Christiane Baumeister Lutz Kilian Thomas K. Lee Notre Dame University of Michigan U.S. EIA CEPR What Are the Existing Gasoline Price Forecasts? 2 * The U.S. Energy Information Administration (EIA) issues regular

  13. World oil price behavior during oil supply disruptions: what can we learn from the past

    SciTech Connect

    Birdsall, T.H.

    1980-08-01

    The purpose of this paper is to: (1) examine how world oil prices have behaved during past oil supply disruptions, (2) attempt to understand why world oil prices have behaved during disruptions as they have, and (3) see what history foretells, if anything, for the behavior of world oil prices during future oil supply disruptions.

  14. World Oil Prices in AEO2007 (released in AEO2007)

    Reports and Publications

    2007-01-01

    Over the long term, the Annual Energy Outlook 2007 (AEO) projection for world oil prices -- defined as the average price of imported low-sulfur, light crude oil to U.S. refiners -- is similar to the AEO2006 projection. In the near term, however, AEO2007 projects prices that are $8 to $10 higher than those in AEO2006.

  15. World Oil Price Cases (released in AEO2005)

    Reports and Publications

    2005-01-01

    World oil prices in Annual Energy Outlook 2005 are set in an environment where the members of OPEC (Organization of the Petroleum Exporting Countries) are assumed to act as the dominant producers, with lower production costs than other supply regions or countries. Non-OPEC oil producers are assumed to behave competitively, producing as much oil as they can profitability extract at the market price for oil. As a result, the OPEC member countries will be able effectively to set the price of oil when they can act in concert by varying their aggregate production. Alternatively, OPEC members could target a fixed level of production and let the world market determine the price.

  16. U.S., non-U.S. outlays to rise in `98, but oil price plunge clouds spending outlook

    SciTech Connect

    Beck, R.J.

    1998-03-23

    Capital spending by oil and gas companies in and outside the US will rise in 1998, but that forecast may be jeopardized by the continuing plunge in oil prices. For operations in the US, oil and gas company capital spending is expected to move up in 1998 for the fourth year in a row. If the money is spent, it will be the highest industry investment level since 1985. Strong oil and gas prices and increased volumes have boosted company cash flow and profits the last few years, fueling increased spending. However, the near-term outlook has now been clouded by economic turmoil in a number of Asian countries and the recent collapse of oil prices. The paper discusses oil and gas prices, US upstream spending, US non-exploration and production spending, capital spending in Canada, and spending outside US and Canada.

  17. World Oil Prices in AEO2006 (released in AEO2006)

    Reports and Publications

    2006-01-01

    World oil prices in the Annual Energy Outlook 2006 (AEO) reference case are substantially higher than those in the AEO2005 reference case. In the AEO2006 reference case, world crude oil prices, in terms of the average price of imported low-sulfur, light crude oil to U.S. refiners, decline from current levels to about $47 per barrel (2004 dollars) in 2014, then rise to $54 per barrel in 2025 and $57 per barrel in 2030. The price in 2025 is approximately $21 per barrel higher than the corresponding price projection in the AEO2005 reference case.

  18. Table 21. Domestic Crude Oil First Purchase Prices

    Energy Information Administration (EIA) (indexed site)

    Administration Petroleum Marketing Annual 1996 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  19. Table 21. Domestic Crude Oil First Purchase Prices

    Energy Information Administration (EIA) (indexed site)

    AdministrationPetroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  20. Table 21. Domestic Crude Oil First Purchase Prices

    Energy Information Administration (EIA) (indexed site)

    Administration Petroleum Marketing Annual 1995 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  1. 2007 Wholesale Power Rate Case Final Proposal : Market Price Forecast Study.

    SciTech Connect

    United States. Bonneville Power Administration.

    2006-07-01

    This study presents BPA's market price forecasts for the Final Proposal, which are based on AURORA modeling. AURORA calculates the variable cost of the marginal resource in a competitively priced energy market. In competitive market pricing, the marginal cost of production is equivalent to the market-clearing price. Market-clearing prices are important factors for informing BPA's power rates. AURORA was used as the primary tool for (a) estimating the forward price for the IOU REP Settlement benefits calculation for fiscal years (FY) 2008 and 2009, (b) estimating the uncertainty surrounding DSI payments and IOU REP Settlements benefits, (c) informing the secondary revenue forecast and (d) providing a price input used for the risk analysis. For information about the calculation of the secondary revenues, uncertainty regarding the IOU REP Settlement benefits and DSI payment uncertainty, and the risk run, see Risk Analysis Study WP-07-FS-BPA-04.

  2. Accounting for fuel price risk: Using forward natural gas prices instead of gas price forecasts to compare renewable to natural gas-fired generation

    SciTech Connect

    Bolinger, Mark; Wiser, Ryan; Golove, William

    2003-08-13

    Against the backdrop of increasingly volatile natural gas prices, renewable energy resources, which by their nature are immune to natural gas fuel price risk, provide a real economic benefit. Unlike many contracts for natural gas-fired generation, renewable generation is typically sold under fixed-price contracts. Assuming that electricity consumers value long-term price stability, a utility or other retail electricity supplier that is looking to expand its resource portfolio (or a policymaker interested in evaluating different resource options) should therefore compare the cost of fixed-price renewable generation to the hedged or guaranteed cost of new natural gas-fired generation, rather than to projected costs based on uncertain gas price forecasts. To do otherwise would be to compare apples to oranges: by their nature, renewable resources carry no natural gas fuel price risk, and if the market values that attribute, then the most appropriate comparison is to the hedged cost of natural gas-fired generation. Nonetheless, utilities and others often compare the costs of renewable to gas-fired generation using as their fuel price input long-term gas price forecasts that are inherently uncertain, rather than long-term natural gas forward prices that can actually be locked in. This practice raises the critical question of how these two price streams compare. If they are similar, then one might conclude that forecast-based modeling and planning exercises are in fact approximating an apples-to-apples comparison, and no further consideration is necessary. If, however, natural gas forward prices systematically differ from price forecasts, then the use of such forecasts in planning and modeling exercises will yield results that are biased in favor of either renewable (if forwards < forecasts) or natural gas-fired generation (if forwards > forecasts). In this report we compare the cost of hedging natural gas price risk through traditional gas-based hedging instruments (e

  3. How regulators should use natural gas price forecasts

    SciTech Connect

    Costello, Ken

    2010-08-15

    Natural gas prices are critical to a range of regulatory decisions covering both electric and gas utilities. Natural gas prices are often a crucial variable in electric generation capacity planning and in the benefit-cost relationship for energy-efficiency programs. High natural gas prices can make coal generation the most economical new source, while low prices can make natural gas generation the most economical. (author)

  4. Gas importers still resisting price parity with crude oil

    SciTech Connect

    Vielvoye, R.

    1981-02-23

    The pricing of natural gas on a parity with crude oil has become an important issue in the international energy market. A prime example of the hostility that can arise over this issue is the ongoing argument between the US and Algeria over the price of SONATRACH's LNG exports to El Paso Co. Because LNG shipping and regasification costs add substantially to its delivered (c.i.f.) cost, price parity at the point of export (f.o.b.) would put LNG's price far above that of crude oil or natural gas. Other LNG exporters, such as Indonesia and Libya, seem to be adopting Algeria's pricing stance. Most European LNG customers believe that if f.o.b. price parity - or even some of the c.i.f. price-calculation methods - becomes the established formula, LNG will be priced out of many industrial markets. Without the big contracts from industry, existing LNG projects might not be economical.

  5. Propagation of prices in the oil industry. [Monograph

    SciTech Connect

    Kisselgoff, A.

    1980-01-01

    The main thrust of this report is the development of a price record that would provide a basis for the identification of the areas of activity in the oil industry in which significant price changes have occurred, with expectation that this type of information could serve as a useful ingredient in the policy-making process. The study presents estimates of the selling price of a barrel of oil at three stages of operations of the industry - the wellhead, the refinery, and the end-use levels. Prices of individual classes of petroleum products at refineries and at the end-use level were also estimated. The price data are provided for benchmark years 1958, 1963, 1967, and 1972, as well as for 1973, 1974, 1975, and 1976 when crude oil prices rose considerably. The estimating procedure is briefly described in the study. The examination of the transmission of prices from market to market within the oil industry shows that the steep rise in 1973-1974 prices paid by end-users of petroleum products was due not only to the large increases in crude oil prices but also to the sizable increases in gross operating margins-labor costs, transportation, profits, etc. - at the refinery and distribution levels. In the post-embargo years of 1975 and 1976, prices continued to advance but at a slower pace. The refiners' gross margins in 1975, however, declined somewhat; they rose significantly above the 1974 level in 1976. The marketers' margins made further gains in 1975, but exhibited a decrease in 1976. The study includes a short discussion of the effects of rising oil prices in 1973-1976 on the profitability of the petroleum industry and the general price level.

  6. The oil price and non-OPEC supplies

    SciTech Connect

    Seymour, A.

    1991-01-01

    The design of any effective oil pricing policy by producers depends on a knowledge of the nature and complexity of supply responses. This book examines the development of non-OPEX oil reserves on a field-by-filed basis to determine how much of the increase in non-OPEC production could be attributable to the price shocks and how much was unambiguously due to decisions and developments that preceded the price shocks. Results are presented in eighteen case-studies of non-OPEC producers. This study will be of interest to economists and planners specializing in the upstream and to policy makers both in oil producing and consuming countries.

  7. Timeline: A Brief History of Oil Prices and Vehicle Technologies

    Energy.gov [DOE]

    Benjamin Franklin once expressed that there are only two things you can count on in life: death and taxes. Transportation analysts might add a third item to that list – fluctuating gas prices. Our interactive timeline illustrates when and why oil prices have fluctuated over the last 40 years, and explains how the Energy Department has worked to minimize our country’s vulnerability to these price swings.

  8. Energy & Financial Markets: What Drives Crude Oil Prices? - Energy

    Energy Information Administration (EIA) (indexed site)

    Information Administration Crudeoil - U.S. Energy Information Administration (EIA) U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Sources & Uses Petroleum & Other Liquids Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas Exploration and reserves, storage, imports and exports, production, prices, sales. Electricity Sales, revenue and prices, power plants, fuel use, stocks,

  9. Microsoft Word - Documentation - Price Forecast Uncertainty.doc

    Gasoline and Diesel Fuel Update

    ... See Bank for International Settlements (May 2009, p.3), for ... be conducting similar research on oil and natural gas ... A review," in the Journal of Economic Literature, ...

  10. Investor Flows and the 2008 Boom/Bust in Oil Prices

    Gasoline and Diesel Fuel Update

    Introduction Investor Flows and Speculation New Evidence on Investor Flows and Oil Prices References Investor Flows and the 2008 Boom/Bust in Oil Prices Kenneth J. Singleton Graduate School of Business Stanford University August, 2011 Introduction Investor Flows and Speculation New Evidence on Investor Flows and Oil Prices References Investor Flows, Speculation, and Oil Prices The role of speculation (broadly construed) in the dramatic rise and subsequent sharp decline in oil prices during 2008?

  11. Economic Effects of High Oil Prices (released in AEO2006)

    Reports and Publications

    2006-01-01

    The Annual Energy Outlook 2006 projections of future energy market conditions reflect the effects of oil prices on the macroeconomic variables that affect oil demand, in particular, and energy demand in general. The variables include real gross domestic product (GDP) growth, inflation, employment, exports and imports, and interest rates.

  12. Microsoft Word - Price Uncertainty Supplement.doc

    Gasoline and Diesel Fuel Update

    WTI crude oil spot prices averaged almost 82 per barrel in October, about 7 per barrel ... EIA has raised the average fourth quarter 2010 WTI spot price forecast to about 83 per ...

  13. Microsoft Word - high-oil-price.doc

    Annual Energy Outlook

    ... The new role of speculative money in the market is more a function of a shift in the inventory and price relationship shown in Figure 6. Given these factors, EIA does not foresee a ...

  14. Do financial investors destabilize the oil price?

    Annual Energy Outlook

    Telephone +49 69 1344 0 Internet http:www.ecb.europa.eu Fax +49 69 1344 6000 All rights ... More speci...cally, all other things equal, futures prices will be moved by the ow of ...

  15. Microsoft Word - Summer 2006 Motor Gasoline Prices.doc

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Since November 2005, we had been forecasting monthly average 2006 motor gasoline prices to ... three basic elements: 1. Crude oil costs - the West Texas Intermediate (WTI) crude ...

  16. Fact #579: July 13, 2009 Oil Price and Economic Growth, 1970-2008 |

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    Department of Energy 9: July 13, 2009 Oil Price and Economic Growth, 1970-2008 Fact #579: July 13, 2009 Oil Price and Economic Growth, 1970-2008 Major oil price shocks have disrupted world energy markets five times in the past 30 years - 1973-74, 1979-80, 1990-1991, 1999-2000 and again in 2008. Most of the oil price shocks were followed by an economic recession in the U.S. Oil Price and Economic Growth, 1970-2008 Graph showing the five times that major oil price shocks disrupted world energy

  17. Fact #742: August 27, 2012 Oil Price and Economic Growth | Department of

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    Energy 2: August 27, 2012 Oil Price and Economic Growth Fact #742: August 27, 2012 Oil Price and Economic Growth Major oil price shocks have disrupted world energy markets five times in the past 30 years (1973-74, 1979-80, 1990-91, 1999-2000, and 2008). Most of the oil price shocks were followed by an economic recession in the United States. Oil Price and Gross Domestic Product Growth Rate, 1970-2011 Graphic showing oil prices compared to the gross domestic product growth rate from 1970 to

  18. Do financial investors destabilize the oil price?

    Gasoline and Diesel Fuel Update

    and Commercial Consumers by Local Distributio Area: District of Columbia Florida Georgia Maryland Michigan New Jersey New York Ohio Pennsylvania Virginia Period: Monthly Annual Download Series History Download Series History Definitions, Sources & Notes Definitions, Sources & Notes Show Data By: Data Series Area 2010 2011 2012 2013 2014 2015 View History Residential Average Price 13.53 13.06 12.10 12.45 13.05 11.98 1980-2015 Commercial Average Price 12.26 12.24 11.19 11.64 12.18

  19. Too early to tell on $100 oil

    Energy Information Administration (EIA) (indexed site)

    Middle East oil demand forecast are firmly to the upside, ... IEA, MEES Plus energy price subsidies... 0.00 0.05 0.10 ... likely remain strong as long as oil prices stay above ...

  20. EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow...

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow April 1, 2009 - 11:35am Addthis The growth of...

  1. Short and Long-Term Perspectives: The Impact on Low-Income Consumers of Forecasted Energy Price Increases in 2008 and A Cap & Trade Carbon Policy in 2030

    SciTech Connect

    Eisenberg, Joel Fred

    2008-01-01

    The Department of Energy's Energy Information Administration (EIA) recently released its short-term forecast for residential energy prices for the winter of 2007-2008. The forecast indicates increases in costs for low-income consumers in the year ahead, particularly for those using fuel oil to heat their homes. In the following analysis, the Oak Ridge National Laboratory has integrated the EIA price projections with the Residential Energy Consumption Survey (RECS) for 2001 in order to project the impact of these price increases on the nation's low-income households by primary heating fuel type, nationally and by Census Region. The report provides an update of bill estimates provided in a previous study, "The Impact Of Forecasted Energy Price Increases On Low-Income Consumers" (Eisenberg, 2005). The statistics are intended for use by policymakers in the Department of Energy's Weatherization Assistance Program and elsewhere who are trying to gauge the nature and severity of the problems that will be faced by eligible low-income households during the 2008 fiscal year. In addition to providing expenditure forecasts for the year immediately ahead, this analysis uses a similar methodology to give policy makers some insight into one of the major policy debates that will impact low-income energy expenditures well into the middle decades of this century and beyond. There is now considerable discussion of employing a cap-and-trade mechanism to first limit and then reduce U.S. emissions of carbon into the atmosphere in order to combat the long-range threat of human-induced climate change. The Energy Information Administration has provided an analysis of projected energy prices in the years 2020 and 2030 for one such cap-and-trade carbon reduction proposal that, when integrated with the RECS 2001 database, provides estimates of how low-income households will be impacted over the long term by such a carbon reduction policy.

  2. ,"Domestic Crude Oil First Purchase Prices by Area"

    Energy Information Administration (EIA) (indexed site)

    Crude Oil First Purchase Prices by Area" "Sourcekey","F0000003","F0099603","F0...12.79,13.49,12.77,13.35,11.32,10.58,9.16,13.51,10.71,11.84,8.91,10.19,9.93,8.47,7.26,9.35,...

  3. ,"Domestic Crude Oil First Purchase Prices by Area"

    Energy Information Administration (EIA) (indexed site)

    Crude Oil First Purchase Prices by Area" "Sourcekey","F0000003","F0099603","F0... 14061,1.13 14426,1.02 14792,1.02 15157,1.14 15522,1.19 15887,1.2 16253,1.21 ...

  4. ,"Domestic Crude Oil First Purchase Prices by Area"

    Energy Information Administration (EIA) (indexed site)

    ... Offshore California Crude Oil First Purchase Price (Dollars per Barrel)" 27044,6.95 27075,6.87 27103,6.77 27134,6.77 27164,6.87 27195,6.85 27225,6.8 27256,6.71 27287,6.7 ...

  5. Accelerated Depletion: Assessing Its Impacts on Domestic Oil and Natural Gas Prices and Production

    Reports and Publications

    2000-01-01

    Analysis of the potential impacts of accelerated depletion on domestic oil and natural gas prices and production.

  6. Comparing Price Forecast Accuracy of Natural Gas Models andFutures Markets

    SciTech Connect

    Wong-Parodi, Gabrielle; Dale, Larry; Lekov, Alex

    2005-06-30

    The purpose of this article is to compare the accuracy of forecasts for natural gas prices as reported by the Energy Information Administration's Short-Term Energy Outlook (STEO) and the futures market for the period from 1998 to 2003. The analysis tabulates the existing data and develops a statistical comparison of the error between STEO and U.S. wellhead natural gas prices and between Henry Hub and U.S. wellhead spot prices. The results indicate that, on average, Henry Hub is a better predictor of natural gas prices with an average error of 0.23 and a standard deviation of 1.22 than STEO with an average error of -0.52 and a standard deviation of 1.36. This analysis suggests that as the futures market continues to report longer forward prices (currently out to five years), it may be of interest to economic modelers to compare the accuracy of their models to the futures market. The authors would especially like to thank Doug Hale of the Energy Information Administration for supporting and reviewing this work.

  7. Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    | Department of Energy Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. This is a fact sheet on how biofuels are reducing America's dependence on oil. Fact Sheet: Gas Prices

  8. U.S. oil production forecast revised up for 2016 and 2017

    Energy Information Administration (EIA) (indexed site)

    oil production forecast revised up for 2016 and 2017 U.S. crude oil production is expected to be higher this year and in 2017 than previously forecast, because of a slower decline in onshore production. In its new monthly forecast, the U.S. Energy Information Administration revised up its estimate for domestic oil production by about 110,000 barrels per day for 2016 and by 150,000 barrels per day next year. EIA said increased drilling activity in the Permian Basin area located in West Texas and

  9. Lower oil prices also cutting winter heating oil and propane bills

    Energy Information Administration (EIA) (indexed site)

    Household heating bills to be even lower this winter U.S. households will see even lower natural gas and heating oil bills this winter than previously expected the lowest in more than a decade. In its new monthly forecast, the U.S. Energy Information Administration said the average household heating with oil will experience a 41% drop in heating oil expenditures this winter, paying just under $1,100. Meanwhile, households relying primarily on natural gas to stay warm will pay an average $532

  10. Natural Gas and Crude Oil Prices in AEO (released in AEO2009)

    Reports and Publications

    2009-01-01

    If oil and natural gas were perfect substitutes in all markets where they are used, market forces would be expected to drive their delivered prices to near equality on an energy-equivalent basis. The price of West Texas Intermediate (WTI) crude oil generally is denominated in terms of barrels, where 1 barrel has an energy content of approximately 5.8 million Btu. The price of natural gas (at the Henry Hub), in contrast, generally is denominated in million Btu. Thus, if the market prices of the two fuels were equal on the basis of their energy contents, the ratio of the crude oil price (the spot price for WTI, or low-sulfur light, crude oil) to the natural gas price (the Henry Hub spot price) would be approximately 6.0. From 1990 through 2007, however, the ratio of natural gas prices to crude oil prices averaged 8.6; and in the Annual Energy Outlook 2009 projections from 2008 through 2030, it averages 7.7 in the low oil price case, 14.6 in the reference case, and 20.2 in the high oil price case.

  11. Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    | Department of Energy Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels June 11, 2008 - 1:30pm Addthis Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. Read the letter. Without Biofuels, Gas Prices Would Increase $.20 to

  12. Factors Affecting the Relationship between Crude Oil and Natural Gas Prices (released in AEO2010)

    Reports and Publications

    2010-01-01

    Over the 1995-2005 period, crude oil prices and U.S. natural gas prices tended to move together, which supported the conclusion that the markets for the two commodities were connected. Figure 26 illustrates the fairly stable ratio over that period between the price of low-sulfur light crude oil at Cushing, Oklahoma, and the price of natural gas at the Henry Hub on an energy-equivalent basis.

  13. Limit on Saudi Arabia's oil pricing policy: a short-run econometric-simulation model

    SciTech Connect

    Bagour, O.S.M.

    1985-01-01

    Absence of a unified OPEC policy is largely attributed to frequent Saudi Arabian pricing/production decisions to influence oil price changes. Such demonstrated ability in the past prompted many to attribute oil price current downward rigidity to Saudi Arabian unwillingness to increase production. Empirically, this study presents a simultaneous equations oil market model in a simulation setting to test this hypothesis and to predict future oil prices under specific assumptions. Major conclusions are: (1) contrary to popular belief the international oil industry rarely, if ever, operated competitively; (2) the sole association of oil price increases to the embargo of 1973 is an outright distortion of facts; (3) the roots of the so-called energy crisis lie in: (a) post-World War II West European reconstruction, (b) US industrial adjustments from a war to a consumer-oriented economy, (c) the continuously dwindling oil reserves in major industrial countries, and (d) the comparative advantage of location and cost-per-unit of the Middle Eastern oil; (4) barring further market institutionalizations, a per barrel price below $15 by the end of 1990 (in constant 1984 prices) is not unlikely; and (5) future Saudi Arabian pricing/production policies to exert downward pressures on prices could lead to price increases, if perceived to be permanent by the OPEC group excluding Saudi Arabia.

  14. U.S. Crude Oil Production Forecast-Analysis of Crude Types

    Energy Information Administration (EIA) (indexed site)

    of Energy Washington, DC 20585 U.S. Energy Information Administration | U.S. Crude Oil Production Forecast-Analysis of Crude Types i This report was prepared by the U.S....

  15. Table 42. Residual Fuel Oil Prices by PAD District and State

    Gasoline and Diesel Fuel Update

    Information Administration Petroleum Marketing Annual 1995 245 Table 42. Residual Fuel Oil Prices by PAD District and State (Cents per Gallon Excluding Taxes) - Continued...

  16. Table 42. Residual Fuel Oil Prices by PAD District and State

    Annual Energy Outlook

    Information AdministrationPetroleum Marketing Annual 1998 203 Table 42. Residual Fuel Oil Prices by PAD District and State (Cents per Gallon Excluding Taxes) - Continued...

  17. Table 23. Domestic Crude Oil First Purchase Prices by API Gravity

    Energy Information Administration (EIA) (indexed site)

    18.62 19.26 Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 23. Domestic Crude Oil First Purchase Prices by API Gravity Energy...

  18. Table 23. Domestic Crude Oil First Purchase Prices by API Gravity

    Energy Information Administration (EIA) (indexed site)

    20.23 20.91 Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 23. Domestic Crude Oil First Purchase Prices by API Gravity Energy...

  19. Appendix C: Price case comparisons

    Annual Energy Outlook

    High oil price Low oil price Reference High oil price Low oil price Reference High oil price Production Crude oil and lease condensate ... 13.87 19.06 20.36...

  20. Short-Term Energy Outlook Model Documentation: Petroleum Product Prices Module

    Reports and Publications

    2015-01-01

    The petroleum products price module of the Short-Term Energy Outlook (STEO) model is designed to provide U.S. average wholesale and retail price forecasts for motor gasoline, diesel fuel, heating oil, and jet fuel.

  1. World Oil Prices and Production Trends in AEO2008 (released in AEO2008)

    Reports and Publications

    2008-01-01

    Annual Energy Outlook 2008 (AEO) defines the world oil price as the price of light, low-sulfur crude oil delivered in Cushing, Oklahoma. Since 2003, both "above ground" and "below ground" factors have contributed to a sustained rise in nominal world oil prices, from $31 per barrel in 2003 to $69 per barrel in 2007. The AEO2008 reference case outlook for world oil prices is higher than in the AEO2007 reference case. The main reasons for the adoption of a higher reference case price outlook include continued significant expansion of world demand for liquids, particularly in non-OECD (Organization for Economic Cooperation and Development) countries, which include China and India; the rising costs of conventional non-OPEC (Organization of the Petroleum Exporting Countries) supply and unconventional liquids production; limited growth in non-OPEC supplies despite higher oil prices; and the inability or unwillingness of OPEC member countries to increase conventional crude oil production to levels that would be required for maintaining price stability. The Energy Information Administration will continue to monitor world oil price trends and may need to make further adjustments in future AEOs.

  2. Effects of Removing Restrictions on U.S. Crude Oil Exports

    Energy Information Administration (EIA) (indexed site)

    crude oil exports for the price of domestic and global ... EIA's August 2015 Short-Term Energy Outlook forecasts ... motor gasoline and diesel fuel, which are freely traded, ...

  3. World Oil Prices and Production Trends in AEO2010 (released in AEO2010)

    Reports and Publications

    2010-01-01

    In Annual Energy Outlook 2010, the price of light, low-sulfur (or "sweet") crude oil delivered at Cushing, Oklahoma, is tracked to represent movements in world oil prices. The Energy Information Administration makes projections of future supply and demand for "total liquids,"" which includes conventional petroleum liquids -- such as conventional crude oil, natural gas plant liquids, and refinery gain -- in addition to unconventional liquids, which include biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

  4. World Oil Prices and Production Trends in AEO2009 (released in AEO2009)

    Reports and Publications

    2009-01-01

    The oil prices reported in Annual Energy Outlook 2009 (AEO) represent the price of light, low-sulfur crude oil in 2007 dollars. Projections of future supply and demand are made for "liquids," a term used to refer to those liquids that after processing and refining can be used interchangeably with petroleum products. In AEO2009, liquids include conventional petroleum liquids -- such as conventional crude oil and natural gas plant liquids -- in addition to unconventional liquids, such as biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

  5. Crude oil and alternate energy production forecasts for the twenty-first century: The end of the hydrocarbon era

    SciTech Connect

    Edwards, J.D.

    1997-08-01

    Predictions of production rates and ultimate recovery of crude oil are needed for intelligent planning and timely action to ensure the continuous flow of energy required by the world`s increasing population and expanding economies. Crude oil will be able to supply increasing demand until peak world production is reached. The energy gap caused by declining conventional oil production must then be filled by expanding production of coal, heavy oil and oil shales, nuclear and hydroelectric power, and renewable energy sources (solar, wind, and geothermal). Declining oil production forecasts are based on current estimated ultimate recoverable conventional crude oil resources of 329 billion barrels for the United States and close to 3 trillion barrels for the world. Peak world crude oil production is forecast to occur in 2020 at 90 million barrels per day. Conventional crude oil production in the United States is forecast to terminate by about 2090, and world production will be close to exhaustion by 2100.

  6. EIA revises up forecast for U.S. 2013 crude oil production by 70,000 barrels per day

    Energy Information Administration (EIA) (indexed site)

    EIA revises up forecast for U.S. 2013 crude oil production by 70,000 barrels per day The forecast for U.S. crude oil production keeps going higher. The U.S. Energy Information Administration revised upward its projection for crude oil output in 2013 by 70,000 barrels per day and for next year by 190,000 barrels per day. U.S. oil production is now on track to average 7.5 million barrels per day this year and rise to 8.4 million barrels per day in 2014, according to EIA's latest monthly forecast.

  7. Table 42. Residual Fuel Oil Prices by PAD District and State

    Gasoline and Diesel Fuel Update

    55.1 47.1 W W 55.1 46.2 See footnotes at end of table. 42. Residual Fuel Oil Prices by PAD District and State Energy Information Administration Petroleum...

  8. Table 42. Residual Fuel Oil Prices by PAD District and State

    Annual Energy Outlook

    45.5 49.2 W W 44.5 45.4 See footnotes at end of table. 42. Residual Fuel Oil Prices by PAD District and State Energy Information Administration Petroleum...

  9. EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow

    Office of Energy Efficiency and Renewable Energy (EERE)

    The growth of renewable energy and renewable fuels in the United States will be significantly greater under scenarios involving high oil prices and stricter controls on greenhouse gas (GHG) emissions, according to DOE's Energy Information Administration (EIA).

  10. Base Oil Market Segment Forecasts up to 2020,Research Reports...

    OpenEI (Open Energy Information) [EERE & EIA]

    Market Research Home > Groups > Future of Condition Monitoring for Wind Turbines Wayne31jan's picture Submitted by Wayne31jan(150) Contributor 11 June, 2015 - 03:19 Base Oil...

  11. EIS-0016: Cumulative Production/Consumption Effects of the Crude Oil Price Incentive Rulemakings, Programmatic

    Energy.gov [DOE]

    The U.S. Department of Energy prepared this Final Statement to FEA-FES-77-7 to assess the environmental and socioeconomic implications of a rulemaking on crude oil pricing incentives as pertains to the full range of oil production technologies (present as well as anticipated.)

  12. U.S. diesel fuel price forecast to be 1 penny lower this summer...

    Energy Information Administration (EIA) (indexed site)

    That's down 12 percent from last summer's record exports. Biodiesel production, which averaged 68,000 barrels a day last summer, is forecast to jump to 82,000 barrels a day this ...

  13. Final report of the Rhode Island State Energy Office on residential no. 2 heating oil and propane prices [SHOPP

    SciTech Connect

    McClanahan, Janice

    2001-04-01

    Summary report on residential No.2 heating oil and propane prepared under grant. Summarizes the monitoring and analysis of heating oil and propane prices from October 2000 through March 2001.

  14. Table 22. Domestic Crude Oil First Purchase Prices for Selected...

    Energy Information Administration (EIA) (indexed site)

    data. Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 44 Energy Information AdministrationPetroleum Marketing Annual...

  15. Table 22. Domestic Crude Oil First Purchase Prices for Selected...

    Energy Information Administration (EIA) (indexed site)

    data. Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 44 Energy Information Administration Petroleum Marketing Annual...

  16. Microsoft Word - Gas Prices and Oil Consumption Would Increase Without Biofuels

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    For Immediate Release June 11, 2008 202-586-4940 Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. The letter is available at http://www.energy.gov Without Biofuels, Gas Prices Would Increase $.20 to $.35 per Gallon. * The U.S. Department of

  17. Estimating household fuel oil/kerosine, natural gas, and LPG prices by census region

    SciTech Connect

    Poyer, D.A.; Teotia, A.P.S.

    1994-08-01

    The purpose of this research is to estimate individual fuel prices within the residential sector. The data from four US Department of Energy, Energy Information Administration, residential energy consumption surveys were used to estimate the models. For a number of important fuel types - fuel oil, natural gas, and liquefied petroleum gas - the estimation presents a problem because these fuels are not used by all households. Estimates obtained by using only data in which observed fuel prices are present would be biased. A correction for this self-selection bias is needed for estimating prices of these fuels. A literature search identified no past studies on application of the selectivity model for estimating prices of residential fuel oil/kerosine, natural gas, and liquefied petroleum gas. This report describes selectivity models that utilize the Dubin/McFadden correction method for estimating prices of residential fuel oil/kerosine, natural gas, and liquefied petroleum gas in the Northeast, Midwest, South, and West census regions. Statistically significant explanatory variables are identified and discussed in each of the models. This new application of the selectivity model should be of interest to energy policy makers, researchers, and academicians.

  18. Regional price targets appropriate for advanced coal extraction. [Forecasting to 1985 and 2000; USA; Regional analysis

    SciTech Connect

    Terasawa, K.L.; Whipple, D.W.

    1980-12-01

    The object of the study is to provide a methodology for predicting coal prices in regional markets for the target time frames 1985 and 2000 that could subsequently be used to guide the development of an advanced coal extraction system. The model constructed for the study is a supply and demand model that focuses on underground mining, since the advanced technology is expected to be developed for these reserves by the target years. The supply side of the model is based on coal reserve data generated by Energy and Environmental Analysis, Inc. (EEA). Given this data and the cost of operating a mine (data from US Department of Energy and Bureau of Mines), the Minimum Acceptable Selling Price (MASP) is obtained. The MASP is defined as the smallest price that would induce the producer to bring the mine into production, and is sensitive to the current technology and to assumptions concerning miner productivity. Based on this information, market supply curves can then be generated. On the demand side of the model, demand by region is calculated based on an EEA methodology that emphasizes demand by electric utilities and demand by industry. The demand and supply curves are then used to obtain the price targets. This last step is accomplished by allocating the demands among the suppliers so that the combined cost of producing and transporting coal is minimized.

  19. STEO January 2013 - average gasoline prices

    Energy Information Administration (EIA) (indexed site)

    drivers to see lower average gasoline prices in 2013 and 2014 U.S. retail gasoline prices are expected to decline over the next two years. The average pump price for regular unleaded gasoline was $3.63 a gallon during 2012. That is expected to fall to $3.44 this year and then drop to $3.34 in 2014, according to the new forecast from the U.S. Energy Information Administration. Expected lower crude oil prices.....which accounted for about two-thirds of the price of gasoline in 2012....will

  20. Identifying the Oil Price-Macroeconomy Relationship: An Empirical Mode Decomposition Analysis of U.S. Data

    SciTech Connect

    Oladosu, Gbadebo A

    2009-01-01

    This work applies the empirical mode decomposition (EMD) method to data on real quarterly oil price (West Texas Intermediate - WTI) and U.S. gross domestic product (GDP). This relatively new method is adaptive and capable of handling non-linear and non-stationary data. Correlation analysis of the decomposition results was performed and examined for insights into the oil-macroeconomy relationship. Several components of this relationship were identified. However, the principal one is that the medium-run cyclical component of the oil price exerts a negative and exogenous influence on the main cyclical component of the GDP. This can be interpreted as the supply-driven or supply-shock component of the oil price-GDP relationship. In addition, weak correlations suggesting a lagging demand-driven, an expectations-driven, and a long-run supply-driven component of the relationship were also identified. Comparisons of these findings with significant oil supply disruption and recession dates were supportive. The study identified a number of lessons applicable to recent oil market events, including the eventuality of persistent economic and price declines following a long oil price run-up. In addition, it was found that oil-market related exogenous events are associated with short- to medium-run price implications regardless of whether they lead to actual supply disruptions.

  1. Spot Prices for Crude Oil and Petroleum Products

    Energy Information Administration (EIA) (indexed site)

    0/07/16 10/14/16 10/21/16 10/28/16 11/04/16 11/11/16 View History Crude Oil WTI - Cushing, Oklahoma 49.48 50.29 50.56 49.36 45.51 44.61 1986-2016 Brent - Europe 49.52 49.94 50.33 48.95 44.63 43.09 1987-2016 Conventional Gasoline New York Harbor, Regular 1.506 1.503 1.549 1.534 1.529 1.459 1986-2016 U.S. Gulf Coast, Regular 1.517 1.501 1.500 1.454 1.393 1.273 1986-2016 RBOB Regular Gasoline Los Angeles 1.647 1.581 1.631 1.625 1.662 1.502 2003-2016 No. 2 Heating Oil New York Harbor 1.496 1.499

  2. California energy prices 1980-2000. Staff report

    SciTech Connect

    Cauchois, S.; Ward, D.; Merritt, M.

    1981-07-01

    The report provides semiannual 20-year forecasts of electricity and primary fuel prices. Its purposes is to review current and past trends in energy prices as well as report on the California Energy Commission staff's periodic price forecasts. Both in actual and inflation-adjusted terms, energy prices are expected to continue to rise in the next 20 years, although not at the extreme rates witnessed during the 1973-1974 oil embargo and again in 1979. The impact of rising energy prices of electricity, natural gas, gasoline, coal, and petroleum on a hypothetical California household's energy bill (based on estimated 1980 consumption) is characterized. Although price increases will not be easy to sustain, the proven and anticipated abilities of households and businesses to adjust to higher prices will mitigate the impacts of higher energy prices so that they are consistent with a growing state economy and improved standard of living.

  3. Michigan residential heating oil and propane price survey: 1995--1996 heating season. Final report

    SciTech Connect

    Moriarty, C.

    1996-05-01

    This report summarizes the results of a survey of residential No. 2 distillate fuel (home heating oil) and liquefied petroleum gas (propane) prices over the 1995--1996 heating season in Michigan. The Michigan`s Public Service Commission (MPSC) conducted the survey under a cooperative agreement with the US Department of Energy`s (DOE) Energy Information Administration (EIA). This survey was funded in part by a grant from the DOE. From October 1995 through March 1996, the MPSC surveyed participating distributors by telephone for current residential retail home heating oil and propane prices. The MPSC transmitted the data via a computer modem to the EIA using the Petroleum Electronic Data Reporting Option (PEDRO). Survey results were published in aggregate on the MPSC World Wide Web site at http://ermisweb.state.mi.us/shopp. The page was updated with both residential and wholesale prices immediately following the transmission of the data to the EIA. The EIA constructed the survey using a sample of Michigan home heating oil and propane retailers. The sample accounts for different sales volumes, geographic location, and sources of primary supply.

  4. Explaining EIA Crude Oil and Petroleum Product Price Data and Comparing with Other U.S. Government Data Sources, 2001 to 2010

    Reports and Publications

    2012-01-01

    This article describes the sampling frames and basic data collection methods for petroleum price data reported by Energy Information Administration (EIA) and other Government agencies. In addition, it compares and contrasts annual average prices reported by EIA with comparable prices from the Bureau of Labor Statistics (BLS) CPI (Consumer Price Indexes) for the retail prices of residential No. 2 distillate, on-highway diesel fuel and motor gasoline (all grades.) Further, it compares refiner wholesale/resale prices for No. 2 fuel oil, No. 2 diesel fuel, motor gasoline (all grades,) kerosene-type jet fuel and residual fuel oil reported by EIA with comparable prices from the BLS PPI (Producer Price Index.) A discussion of the various crude oil prices and spot/futures prices published by EIA and other Government agencies is also included in the article.

  5. Implications of lifting the ban on the export of Alaskan crude oil: Price and trade impacts

    SciTech Connect

    Not Available

    1990-06-26

    This study addresses the issue of the ban on exports of Alaskan crude oil. At present almost all crude oil production from Alaska must be sold in the United States, i.e., it may not be exported. This study examines the impact, mainly on the West Coast, of eliminating this export restraint. The study concentrates on two time periods. These are 1988, the most recent year for which complete data are available, and 1995, a year in which Alaskan production is projected to be substantially less than at present. This is the Energy Information Administration's (EIA's) second report on this subject. The first was released earlier in 1990. They differ principally in the years for which results are presented and in the models used to generate quantitative results. The first report was limited to 1988. The quantitative results for that year were based on use of a single region model and therefore did not take into account petroleum interactions among all areas of the world. Because of this limitation, quantitative results were limited to Alaskan crude oil prices. All other price and trade flow results were qualitative. In contrast, the present report covers both 1988 and 1995. The quantitative results are generated with use of a more comprehensive model, one which does take into account petroleum interactions among all areas of the world. The model-generated results cover both crude and product prices as well as petroleum trade flows. The quantitative results in the present report therefore supersede those in the first, although both sets are generally consistent.

  6. ,"Domestic Crude Oil First Purchase Prices by API Gravity"

    Energy Information Administration (EIA) (indexed site)

    API Gravity" ,"Click worksheet name or tab at bottom for data" ,"Worksheet Name","Description","# Of Series","Frequency","Latest Data for" ,"Data 1","Domestic Crude Oil First Purchase Prices by API Gravity",6,"Monthly","8/2016","10/15/1993" ,"Release Date:","11/1/2016" ,"Next Release Date:","12/1/2016" ,"Excel File

  7. ,"Domestic Crude Oil First Purchase Prices for Selected Crude Streams"

    Energy Information Administration (EIA) (indexed site)

    for Selected Crude Streams" ,"Click worksheet name or tab at bottom for data" ,"Worksheet Name","Description","# Of Series","Frequency","Latest Data for" ,"Data 1","Domestic Crude Oil First Purchase Prices for Selected Crude Streams",9,"Monthly","8/2016","7/15/1977" ,"Release Date:","11/1/2016" ,"Next Release Date:","12/1/2016" ,"Excel

  8. ,"U.S. Residual Fuel Oil Prices by Sales Type"

    Energy Information Administration (EIA) (indexed site)

    Prices by Sales Type" ,"Click worksheet name or tab at bottom for data" ,"Worksheet Name","Description","# Of Series","Frequency","Latest Data for" ,"Data 1","Residual Fuel Oil Average",2,"Monthly","8/2016","1/15/1983" ,"Data 2","Sulfur Less Than or Equal to 1%",2,"Monthly","8/2016","1/15/1983" ,"Data 3","Sulfur

  9. Probabilities of Possible Future Prices (Released in the STEO April 2010)

    Reports and Publications

    2010-01-01

    The Energy Information Administration introduced a monthly analysis of energy price volatility and forecast uncertainty in the October 2009 Short-Term Energy Outlook (STEO). Included in the analysis were charts portraying confidence intervals around the New York Mercantile Exchange (NYMEX) futures prices of West Texas Intermediate (equivalent to light sweet crude oil) and Henry Hub natural gas contracts.

  10. U.S. monthly gasoline price in December on track to be lowest in 3 years

    Energy Information Administration (EIA) (indexed site)

    Cheaper gasoline prices forcast over the next two years U.S. drivers are forecast to see moderately lower average gasoline prices at the pump over the next two years. The new forecast from the U.S. Energy Information Administration shows the national price for regular gasoline is expected to average $3.46 a gallon in 2014. That's down almost a nickel from last year, reflecting both lower crude oil prices and higher refinery utilization that boosts supply. In its first projections for 2015, EIA

  11. Analysis of changes in OPEC's crude oil prices, current account, and surplus investments, with emphasis upon oil-revenue purchasing power - 1973 through 1980

    SciTech Connect

    Tadayon, S.

    1984-01-01

    The study sought to provide a comprehensive investigation of changes in the Organisation of Petroleum Exporting Countries (OPEC) crude oil prices, current-account balance, and current-account surplus investments abroad. The study emphasized analysis and, to some extent, quantification of the real value, or purchasing power, of OPEC oil revenues. The research approach was descriptive-elemental to expand upon characteristics of variables identified for the study. Research questions were answered by direct findings for each question. The method utilized for the study included document research and statistical analyses of data derived. The aim was to obtain complete and accurate information. The study compiled documented data regarding OPEC's crude oil prices, current-account balance, and current-account surplus investments abroad and analyzed the purchasing power of oil revenues as time passed and events occurred over the eight years from 1973 through 1980.

  12. Stochastic Energy Deployment System (SEDS) World Oil Model (WOM)

    SciTech Connect

    2009-08-07

    The function of the World Oil Market Model (WOMM) is to calculate a world oil price. SEDS will set start and end dates for the forecast period, and a time increment (assumed to be 1 year in the initial version). The WOMM will then randomly select an Annual Energy Outlook (AEO) oil price case and calibrate itself to that case. As it steps through each year, the WOMM will generate a stochastic supply shock to OPEC output and accept a new estimate of U.S. petroleum demand from SEDS. The WOMM will then calculate a new oil market equilibrium for the current year. The world oil price at the new equilibrium will be sent back to SEDS. When the end year is reached, the process will begin again with the selection of a new AEO forecast. Iterations over forecasts will continue until SEDS has completed all its simulation runs.

  13. Stochastic Energy Deployment System (SEDS) World Oil Model (WOM)

    Energy Science and Technology Software Center

    2009-08-07

    The function of the World Oil Market Model (WOMM) is to calculate a world oil price. SEDS will set start and end dates for the forecast period, and a time increment (assumed to be 1 year in the initial version). The WOMM will then randomly select an Annual Energy Outlook (AEO) oil price case and calibrate itself to that case. As it steps through each year, the WOMM will generate a stochastic supply shock tomore » OPEC output and accept a new estimate of U.S. petroleum demand from SEDS. The WOMM will then calculate a new oil market equilibrium for the current year. The world oil price at the new equilibrium will be sent back to SEDS. When the end year is reached, the process will begin again with the selection of a new AEO forecast. Iterations over forecasts will continue until SEDS has completed all its simulation runs.« less

  14. Forecast Change

    Annual Energy Outlook

    Forecast Change 2011 2012 2013 2014 2015 2016 from 2015 United States Usage (kWh) 3,444 3,354 3,129 3,037 3,151 3,302 4.8% Price (centskWh) 12.06 12.09 12.58 13.04 12.95 12.84 ...

  15. Table 5.18 Crude Oil Domestic First Purchase Prices, 1949-2011 (Dollars per Barrel)

    Energy Information Administration (EIA) (indexed site)

    8 Crude Oil Domestic First Purchase Prices, 1949-2011 (Dollars per Barrel) Year Alaska North Slope California Texas U.S. Average Nominal 1 Real 2 Nominal 1 Real 2 Nominal 1 Real 2 Nominal 1 Real 2 1949 – – – – NA NA NA NA 2.54 17.52 [R] 1950 – – – – NA NA NA NA 2.51 17.13 [R] 1951 – – – – NA NA NA NA 2.53 16.10 [R] 1952 – – – – NA NA NA NA 2.53 15.83 [R] 1953 – – – – NA NA NA NA 2.68 16.57 [R] 1954 – – – – NA NA NA NA 2.78 17.03 [R] 1955 – – – – NA NA NA NA 2.77 16.69

  16. Appendix C - Price case comparisons

    Gasoline and Diesel Fuel Update

    C-1 U.S. Energy Information Administration | Annual Energy Outlook 2016 1 Table C1. Total energy supply, disposition, and price summary (quadrillion Btu per year, unless otherwise noted) Supply, disposition, and prices 2015 Projections 2020 2030 2040 Low oil price Reference High oil price Low oil price Reference High oil price Low oil price Reference High oil price Production Crude oil and lease condensate .................... 19.7 17.0 19.6 23.3 14.8 21.0 25.4 18.0 23.5 23.1 Natural gas plant

  17. U.S. gasoline prices expected to be cheaper in the second half of 2013

    Energy Information Administration (EIA) (indexed site)

    gasoline prices expected to be cheaper in the second half of 2013 U.S. retail gasoline prices should be slightly lower during the second half of 2013. In its new monthly energy forecast, the U.S. Energy Information Administration projects regular- grade gasoline will average $3.59 per gallon in the current third quarter and $3.33 in the fourth quarter. Pump prices are expected to fall as crude oil prices begin to decline and the summer driving season winds down. Crude oil accounts for about

  18. OPEC: 10 years after the Arab oil boycott

    SciTech Connect

    Cooper, M.H.

    1983-09-23

    OPEC's dominance over world oil markets is waning 10 years after precipitating world-wide energy and economic crises. The 1979 revolution in Iran and the start of the Iranian-Iraqi war in 1980 introduced a second shock that caused oil importers to seek non-OPEC supplies and emphasize conservation. No breakup of the cartel is anticipated, however, despite internal disagreements over production and price levels. Forecasters see OPEC as the major price setter as an improved economy increases world demand for oil. Long-term forecasts are even more optimistic. 24 references, 2 figures, 2 tables. (DCK)

  19. Microsoft Word - Price Uncertainty Supplement.doc

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    respectively (see Energy Price Volatility and Forecast Uncertainty documentation). During the same period last year, market participants were pricing March-delivered WTI ...

  20. OPEC and lower oil prices: Impacts on production capacity, export refining, domestic demand and trade balances

    SciTech Connect

    Fesharaki, F.; Fridley, D.; Isaak, D.; Totto, L.; Wilson, T.

    1988-12-01

    The East-West Center has received a research grant from the US Department of Energy's Office of Policy, Planning, and Analysis to study the impact of lower oil prices on OPEC production capacity, on export refineries, and petroleum trade. The project was later extended to include balance-of-payments scenarios and impacts on OPEC domestic demand. As the study progressed, a number of preliminary presentations were made at the US Department of Energy in order to receive feedback from DOE officials and to refine the focus of our analysis. During one of the presentations on June 4, 1987, the then Director of Division of Oil and Gas, John Stanley-Miller, advised us to focus our work on the Persian Gulf countries, since these countries were of special interest to the United States Government. Since then, our team has visited Iran, the United Arab Emirates, and Saudi Arabia and obtained detailed information from other countries. The political turmoil in the Gulf, the Iran/Iraq war, and the active US military presence have all worked to delay the final submission of our report. Even in countries where the United States has close ties, access to information has been difficult. In most countries, even mundane information on petroleum issues are treated as national secrets. As a result of these difficulties, we requested a one-year no cost extension to the grant and submitted an Interim Report in May 1988. As part of our grant extension request, we proposed to undertake additional tasks which appear in this report. 20 figs., 21 tabs.

  1. Selected papers on fuel forecasting and analysis

    SciTech Connect

    Gordon, R.L.; Prast, W.G.

    1983-05-01

    Of the 19 presentations at this seminar, covering coal, uranium, oil, and gas issues as well as related EPRI research projects, eleven papers are published in this volume. Nine of the papers primarily address coal-market analysis, coal transportation, and uranium supply. Two additional papers provide an evaluation and perspective on the art and use of coal-supply forecasting models and on the relationship between coal and oil prices. The authors are energy analysts and EPRI research contractors from academia, the consulting profession, and the coal industry. A separate abstract was prepared for each of the 11 papers.

  2. Average Commercial Price

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 12/31 Reserves Adjustments Reserves Revision Increases Reserves Revision Decreases Reserves Sales Reserves Acquisitions Reserves Extensions Reserves New Field Discoveries New Reservoir Discoveries in Old Fields Number of Producing Gas Wells Number of Gas Producing Oil Wells Estimated Production Gross Withdrawals Gross Withdrawals

  3. Average Residential Price

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 12/31 Reserves Adjustments Reserves Revision Increases Reserves Revision Decreases Reserves Sales Reserves Acquisitions Reserves Extensions Reserves New Field Discoveries New Reservoir Discoveries in Old Fields Number of Producing Gas Wells Number of Gas Producing Oil Wells Estimated Production Gross Withdrawals Gross Withdrawals

  4. 1980 annual report to Congress: Volume three, Forecasts: Summary

    SciTech Connect

    Not Available

    1981-05-27

    This report presents an overview of forecasts of domestic energy consumption, production, and prices for the year 1990. These results are selected from more detailed projections prepared and published in Volume 3 of the Energy Information Administration 1980 Annual Report to Congress. This report focuses specifically upon the 1980's and concentrates upon similarities and differences in the domestic energy system, as forecast, compared to the national experience in the years immediately following the 1973--1974 oil embargo. Interest in the 1980's stems not only from its immediacy in time, but also from its importance as a time in which certain adjustments to higher energy prices are expected to take place. The forecasts presented do not attempt to account for all of this wide range of potentially important forces that could conceivably alter the energy situation. Instead, the projections are based on a particular set of assumptions that seems reasonable in light of what is currently known. 9 figs., 25 tabs.

  5. 1993 Pacific Northwest Loads and Resources Study, Pacific Northwest Economic and Electricity Use Forecast, Technical Appendix: Volume 1.

    SciTech Connect

    United States. Bonneville Power Administration.

    1994-02-01

    This publication documents the load forecast scenarios and assumptions used to prepare BPA`s Whitebook. It is divided into: intoduction, summary of 1993 Whitebook electricity demand forecast, conservation in the load forecast, projection of medium case electricity sales and underlying drivers, residential sector forecast, commercial sector forecast, industrial sector forecast, non-DSI industrial forecast, direct service industry forecast, and irrigation forecast. Four appendices are included: long-term forecasts, LTOUT forecast, rates and fuel price forecasts, and forecast ranges-calculations.

  6. Michigan residential No. 2 fuel oil and propane price survey for the 1990/91 heating season. Final report

    SciTech Connect

    Not Available

    1991-10-01

    This report summarizes the results of a survey of home heating oil and propane prices over the 1990/1991 heating season in Michigan. The survey was conducted under a cooperative agreement between the State of Michigan, Michigan Public Service Commission and the US Department of Energy (DOE), Energy Information Administration (EIA), and was funded by a grant from EIA. From October 1990 through May 1991, participating dealers/distributions were called and asked for their current residential retail prices of No. 2 home heating oil and propane. This information was then transmitted to the EIA, bi-monthly using an electronic reporting system called Petroleum Data Reporting Option (PEDRO). The survey was conducted using a sample provided by EIA of home heating oil and propane retailers which supply Michigan households. These retailers were contacted the first and third Mondays of each month. The sample was designed to account for distributors with different sales volumes, geographic distributions and sources of primary supply. It should be noted that this simple is different from the sample used in prior year surveys.

  7. Michigan residential No. 2 fuel oil and propane price survey for the 1990/91 heating season

    SciTech Connect

    Not Available

    1991-10-01

    This report summarizes the results of a survey of home heating oil and propane prices over the 1990/1991 heating season in Michigan. The survey was conducted under a cooperative agreement between the State of Michigan, Michigan Public Service Commission and the US Department of Energy (DOE), Energy Information Administration (EIA), and was funded by a grant from EIA. From October 1990 through May 1991, participating dealers/distributions were called and asked for their current residential retail prices of No. 2 home heating oil and propane. This information was then transmitted to the EIA, bi-monthly using an electronic reporting system called Petroleum Data Reporting Option (PEDRO). The survey was conducted using a sample provided by EIA of home heating oil and propane retailers which supply Michigan households. These retailers were contacted the first and third Mondays of each month. The sample was designed to account for distributors with different sales volumes, geographic distributions and sources of primary supply. It should be noted that this simple is different from the sample used in prior year surveys.

  8. U.S. drivers continue to see low gasoline prices in December

    Energy Information Administration (EIA) (indexed site)

    Nationwide average gasoline price to fall below $2 a gallon in January The national average price of regular gasoline is expected to drop below $2 per gallon this month and hover near the $2 level through most of this year, as lower crude oil prices translate into more savings for consumers at the pump. In its new monthly forecast, the U.S. Energy Information Administration said the retail price for regular-grade gasoline averages $1.90 per gallon in February. That's the lowest level in seven

  9. Table 23. Domestic Crude Oil First Purchase Prices by API Gravity

    Energy Information Administration (EIA) (indexed site)

    reported. Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." Energy Information Administration Petroleum Marketing Annual...

  10. Issues in midterm analysis and forecasting 1998

    SciTech Connect

    1998-07-01

    Issues in Midterm Analysis and Forecasting 1998 (Issues) presents a series of nine papers covering topics in analysis and modeling that underlie the Annual Energy Outlook 1998 (AEO98), as well as other significant issues in midterm energy markets. AEO98, DOE/EIA-0383(98), published in December 1997, presents national forecasts of energy production, demand, imports, and prices through the year 2020 for five cases -- a reference case and four additional cases that assume higher and lower economic growth and higher and lower world oil prices than in the reference case. The forecasts were prepared by the Energy Information Administration (EIA), using EIA`s National Energy Modeling System (NEMS). The papers included in Issues describe underlying analyses for the projections in AEO98 and the forthcoming Annual Energy Outlook 1999 and for other products of EIA`s Office of Integrated Analysis and Forecasting. Their purpose is to provide public access to analytical work done in preparation for the midterm projections and other unpublished analyses. Specific topics were chosen for their relevance to current energy issues or to highlight modeling activities in NEMS. 59 figs., 44 tabs.

  11. World oil trends

    SciTech Connect

    Anderson, A. )

    1991-01-01

    This book provides data on many facets of the world oil industry topics include; oil consumption; oils share of energy consumption; crude oil production; natural gas production; oil reserves; prices of oil; world refining capacity; and oil tankers.

  12. Table 23. Domestic Crude Oil First Purchase Prices by API Gravity

    Energy Information Administration (EIA) (indexed site)

    17.18 17.64 Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." Energy Information AdministrationPetroleum Marketing Annual 1999...

  13. Table 23. Domestic Crude Oil First Purchase Prices by API Gravity

    Energy Information Administration (EIA) (indexed site)

    12.17 12.80 Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." Energy Information AdministrationPetroleum Marketing Annual 1998...

  14. California demand and supply of crude oil: An econometric analysis with projections to 2000

    SciTech Connect

    Ibegbulam, B.N.

    1991-01-01

    Forecast of California domestic crude oil supply requires the forecasts of California crude oil production and supply from Alaska. Future California crude oil production is forecast with an econometric model that postulates production as a function of reserves and reserves as a function of crude oil prices and exploration and development costs. Future supplies from Alaska are obtained by subtracting forecasts of Alaskan crude oil demand and shipments to the States of Hawaii, Oregon, and Washington from Alaskan North Slope crude oil production forecasts. A two-stage process was used to forecast future California crude oil demand. In the first stage, the demand for refined crude oil products was predicted with a single-equation double logarithmic rational-expectations dynamic model. In the second stage, the total demands obtained in the first stage were converted into a crude oil equivalent. It was found that the current surplus of domestic crude oil in California will end in 1994. Thereafter, California crude oil imports will sharply increase.

  15. EIA Financial and Physical Oil Market Workshop on Evolution of Petroleum Market and Price Dynamics

    Gasoline and Diesel Fuel Update

    EIA Estimates of Drilled but Uncompleted Wells (DUCs) September 12, 2016 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 U.S. Energy Information Administration | EIA Estimates of Drilled but Uncompleted Wells (DUCs) i This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA's data, analyses, and forecasts are independent of approval by any

  16. U.S. gasoline price expected to average less than $2 a gallon both this year and next

    Energy Information Administration (EIA) (indexed site)

    U.S. gasoline price expected to average less than $2 a gallon both this year and next U.S. drivers are now expected to see back-to-back years of annual average gasoline prices below $2 per gallon for the first time in more than a decade. In its latest monthly forecast, the U.S. Energy Information Administration said low oil prices will keep the average annual price for a gallon of regular-grade gasoline at $1.89 this year and at $1.97 in 2017. The last time gasoline averaged less than $2 for two

  17. Average Commercial Price

    Energy Information Administration (EIA) (indexed site)

    Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground

  18. Average Residential Price

    Energy Information Administration (EIA) (indexed site)

    Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground

  19. Heating oil supply/price monitoring report: Part I. Historic data, August 1978-July 1979. Part II. Current data, August 1979-May 1980

    SciTech Connect

    Not Available

    1980-08-01

    The 1973-1974 oil embargo brought national realization to the importance, and need for the collection and analysis of energy data. The Maine Office of Energy Resources (OER) is responsible for the establishment and implementation of energy plans and policies in the State of Maine. The Supply/Price Monitoring System has been created to assist energy planners both in Maine and the nation. This survey is used to analyze trends in home heating oil supply and price, and as a tool in responding to inquiries from: citizens, other state agencies, federal and local offices, and the Office of the Governor. This report will describe the Supply/Price Monitoring System, and the results obtained from the survey, during the period August 1, 1979 through May 31, 1980. Historical data is also provided as required by the aforementioned agreement between the OER and the US Department of Energy.

  20. Heating oil supply/price monitoring report. Part I. Historic data, August 1978-July 1979; Part II. Current data, August 1979-May 1980

    SciTech Connect

    Not Available

    1980-08-01

    The 1973-1974 oil embargo brought national realization to the importance, and need for the collection and analysis of energy data. The Maine Office of Energy Resources (OER) is responsible for the establishment and implementation of energy plans and policies in the State of Maine. The Supply/Price Monitoring System has been created to assist energy planners both in Maine and the nation. This survey is used to analyze trends in home heating oil supply and price, and as a tool in responding to inquiries from: citizens, other state agencies, federal and local offices, and the Office of the Governor. This report will describe the Supply/Price Monitoring System, and the results obtained from the survey, during the period August 1, 1979 through May 31, 1980. Historical data are also provided as required by the aforementioned agreement between the OER and the US Department of Energy.

  1. An overview of alternative fossil fuel price and carbon regulation scenarios

    SciTech Connect

    Wiser, Ryan; Bolinger, Mark

    2004-10-01

    The benefits of the Department of Energy's research and development (R&D) efforts have historically been estimated under business-as-usual market and policy conditions. In recognition of the insurance value of R&D, however, the Office of Energy Efficiency and Renewable Energy (EERE) and the Office of Fossil Energy (FE) have been exploring options for evaluating the benefits of their R&D programs under an array of alternative futures. More specifically, an FE-EERE Scenarios Working Group (the Working Group) has proposed to EERE and FE staff the application of an initial set of three scenarios for use in the Working Group's upcoming analyses: (1) a Reference Case Scenario, (2) a High Fuel Price Scenario, which includes heightened natural gas and oil prices, and (3) a Carbon Cap-and-Trade Scenario. The immediate goal is to use these scenarios to conduct a pilot analysis of the benefits of EERE and FE R&D efforts. In this report, the two alternative scenarios being considered by EERE and FE staff--carbon cap-and-trade and high fuel prices--are compared to other scenarios used by energy analysts and utility planners. The report also briefly evaluates the past accuracy of fossil fuel price forecasts. We find that the natural gas prices through 2025 proposed in the FE-EERE Scenarios Working Group's High Fuel Price Scenario appear to be reasonable based on current natural gas prices and other externally generated gas price forecasts and scenarios. If anything, an even more extreme gas price scenario might be considered. The price escalation from 2025 to 2050 within the proposed High Fuel Price Scenario is harder to evaluate, primarily because few existing forecasts or scenarios extend beyond 2025, but, at first blush, it also appears reasonable. Similarly, we find that the oil prices originally proposed by the Working Group in the High Fuel Price Scenario appear to be reasonable, if not conservative, based on: (1) the current forward market for oil, (2) current oil prices

  2. Microsoft Word - Heating Oil Season.docx

    Energy.gov [DOE] (indexed site)

    4-2015 Heating Oil Season Northeast Home Heating Oil Reserve Trigger Mechanism (Cents per Gallon, Except Where Noted) Week Residential Heating Oil Price Average Brent Spot Price ...

  3. U.S. monthly oil production tops 8 million barrels per day for the first time since 1988

    Energy Information Administration (EIA) (indexed site)

    summer gasoline price higher due to rising crude oil costs The price U.S. drivers pay for gasoline this summer is expected to average $3.61 per gallon....that's 3 cents more than last summer. The higher pump price is due in part to the recent jump in crude oil costs and strong demand for gasoline...both domestically and abroad...according to the new monthly energy forecast by the U.S. Energy Information Administration. The good news for consumers is that record U.S crude oil inventories of 400

  4. International Oil Supplies and Demands

    SciTech Connect

    Not Available

    1992-04-01

    The eleventh Energy Modeling Forum (EMF) working group met four times over the 1989--1990 period to compare alternative perspectives on international oil supplies and demands through 2010 and to discuss how alternative supply and demand trends influence the world's dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used their respective models to simulate a dozen scenarios using standardized assumptions. From its inception, the study was not designed to focus on the short-run impacts of disruptions on oil markets. Nor did the working group attempt to provide a forecast or just a single view of the likely future path for oil prices. The model results guided the group's thinking about many important longer-run market relationships and helped to identify differences of opinion about future oil supplies, demands, and dependence.

  5. International Oil Supplies and Demands

    SciTech Connect

    Not Available

    1991-09-01

    The eleventh Energy Modeling Forum (EMF) working group met four times over the 1989--90 period to compare alternative perspectives on international oil supplies and demands through 2010 and to discuss how alternative supply and demand trends influence the world's dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used their respective models to simulate a dozen scenarios using standardized assumptions. From its inception, the study was not designed to focus on the short-run impacts of disruptions on oil markets. Nor did the working group attempt to provide a forecast or just a single view of the likely future path for oil prices. The model results guided the group's thinking about many important longer-run market relationships and helped to identify differences of opinion about future oil supplies, demands, and dependence.

  6. Economics and politics of oil-price regulation: Federal policy in the post-embargo era

    SciTech Connect

    Kalt, J.P.

    1981-01-01

    This study illuminates the fact that government petroleum regulations did not work as expected, and that they had contradictory and even destructive results. Using the methods and language of economic analysis, it also encompasses the broad social and political scope of the energy crisis, which is described as primarily a battle over the appropriate distribution of income within society, rather than the manifestation of some massive failure of markets and institutions to allocate the nation's resources effectively. One of the author's conclusions is that when policymakers address the income-transfer issue, they should use the straightforward mechanism of general income tax and welfare legislation. The book analyzes such topics as the position of the US oil industry in the international market, the Entitlements Program, and the effects of the Emergency Petroleum Allocation Act of 1973, the Energy Policy and Conservation Act of 1974, and the Crude Oil Windfall Profits Tax Act of 1980. 196 references, 30 figures, 35 tables.

  7. Assumptions and Expectations for Annual Energy Outlook 2017: Oil and Gas Working Group

    Energy Information Administration (EIA) (indexed site)

    Oil and Gas Working Group AEO2017 Oil and Gas Supply Working Group Meeting Office of Petroleum, Gas, and Biofuels Analysis August 25, 2016| Washington, DC http://www.eia.gov/forecasts/aeo/workinggroup/ WORKING GROUP PRESENTATION FOR DISCUSSION PURPOSES DO NOT QUOTE OR CITE AS RESULTS ARE SUBJECT TO CHANGE Overview * "Short" AEO2017 with extension of model projection period to 2050 * World oil prices * Upstream - Offshore Gulf of Mexico and Alaska - Feedback on AEO2016 results *

  8. What Drives U.S. Gasoline Prices? - Energy Information Administration

    Energy Information Administration (EIA) (indexed site)

    What Drives U.S. Gasoline Prices? Release date: October 30, 2014 Preface U.S. oil production has grown rapidly in recent years. U.S. Energy Information Administration (EIA) data, which reflect combined production of crude oil and lease condensate, show a rise from 5.6 million barrels per day (bbl/d) in 2011 to 7.4 million bbl/d in 2013. EIA's Short-Term Energy Outlook (STEO) projects continuing rapid production growth in 2014 and 2015, with forecast production in 2015 averaging 9.5 million

  9. Microsoft Word - Price Uncertainty Supplement.doc

    Gasoline and Diesel Fuel Update

    implied volatility of 28 percent calculated from New York Mercantile Exchange (NYMEX) near-the-money options on WTI futures (see Energy Price Volatility and Forecast Uncertainty). ...

  10. Energy prices and capital obsolescence: evidence from the oil embargo period

    SciTech Connect

    Gibbons, J.C.

    1984-01-01

    Energy costs replaced maintenance costs on existing fixed assets as a determinant of optimal retirement age after the 1973-74 oil embargo. The economic aging of manufacturing facilities was the product of both normal wear-and-tear and design obsolescence. The adjustment, however, was toward substitution of other factors for capital services and replacement of outmoded asset types by other more expensive ones. The author examines data derived from a dynamic regression model showing that between 8 and 10% of an aggregate plant of the US became obsolete as a result of the embargo. 9 references, 1 figure, 3 tables.

  11. Lower gasoline prices ahead

    Energy Information Administration (EIA) (indexed site)

    Lower gasoline prices ahead U.S. retail gasoline prices are expected to continue falling through the end of 2016, even though gasoline demand is projected to remain strong. In its new monthly forecast, the U.S. Energy Information Administration said the average monthly price for regular-grade gasoline is expected to decline to $1.92 a gallon by December the lowest for the month in eight years. Lower motor fuel prices are expected in the coming months, despite gasoline demand this year that is on

  12. Gasoline Price Pass-through

    Annual Energy Outlook

    the price data was performed in order to assist in specifying the form of the forecasting model; for example, data with unit root properties are best analyzed in first differences,...

  13. The Availability and Price of Petroleum and Petroleum Products...

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    oil producing countries in the Middle East and North Africa, amid low global surplus crude oil production capacity, has also lent support to crude oil prices. A framework...

  14. Declines in U.S. monthly oil production expected to continue

    Energy Information Administration (EIA) (indexed site)

    Declines in U.S. monthly oil production expected to continue U.S. monthly oil production continues to decline in response to the drop in oil prices that began almost two years ago. In its new monthly forecast, the U.S. Energy Information Administration said domestic oil production averaged 8.7 million barrels per day in May falling below the daily output level of 9 million barrels for the first time since September 2014. May's 250,000 barrel-per-day decrease in oil production would be the

  15. Market Prices and Uncertainty Report

    Reports and Publications

    2016-01-01

    Monthly analysis of crude oil, petroleum products, natural gas, and propane prices is released as a regular supplement to the Short-Term Energy Outlook.

  16. International Oil Supplies and Demands. Volume 2

    SciTech Connect

    Not Available

    1992-04-01

    The eleventh Energy Modeling Forum (EMF) working group met four times over the 1989--1990 period to compare alternative perspectives on international oil supplies and demands through 2010 and to discuss how alternative supply and demand trends influence the world`s dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used their respective models to simulate a dozen scenarios using standardized assumptions. From its inception, the study was not designed to focus on the short-run impacts of disruptions on oil markets. Nor did the working group attempt to provide a forecast or just a single view of the likely future path for oil prices. The model results guided the group`s thinking about many important longer-run market relationships and helped to identify differences of opinion about future oil supplies, demands, and dependence.

  17. International Oil Supplies and Demands. Volume 1

    SciTech Connect

    Not Available

    1991-09-01

    The eleventh Energy Modeling Forum (EMF) working group met four times over the 1989--90 period to compare alternative perspectives on international oil supplies and demands through 2010 and to discuss how alternative supply and demand trends influence the world`s dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used their respective models to simulate a dozen scenarios using standardized assumptions. From its inception, the study was not designed to focus on the short-run impacts of disruptions on oil markets. Nor did the working group attempt to provide a forecast or just a single view of the likely future path for oil prices. The model results guided the group`s thinking about many important longer-run market relationships and helped to identify differences of opinion about future oil supplies, demands, and dependence.

  18. DOE Publishes New Forecast of Energy Savings from LED Lighting...

    Office of Environmental Management (EM)

    Addthis Related Articles DOE Releases Latest Report on Energy Savings Forecast of Solid-State Lighting DOE Publishes Pricing and Efficacy Trend Analysis for Utility Program ...

  19. What Is Price Volatility

    Gasoline and Diesel Fuel Update

    heating-degree-days than normal. Also relevant was that the prices of fuel oil and other alternative fuels were relatively high during this period. For example, the average...

  20. U.S. monthly oil production tops 8 million barrels per day for the first time since 1988

    Energy Information Administration (EIA) (indexed site)

    gasoline prices in december expected to be lowest in nearly 4 years Falling crude oil prices are expected to push U.S. retail gasoline prices in December to their lowest level in nearly 4 years. Since late June, the national average pump price of regular gasoline has fallen from $3.70 per gallon to $3.46 per gallon....and it's expected to drop through the rest of this year to a monthly average of $3.18 per gallon in December......according to the new forecast from the U.S. Energy Information

  1. Assumptions and Expectations for Annual Energy Outlook 2015: Oil and Gas Working Group

    Energy Information Administration (EIA) (indexed site)

    and Expectations for Annual Energy Outlook 2016: Oil and Gas Working Group AEO2016 Oil and Gas Supply Working Group Meeting Office of Petroleum, Gas, and Biofuels Analysis February 29, 2016| Washington, DC http://www.eia.gov/forecasts/aeo/workinggroup/ WORKING GROUP PRESENTATION FOR DISCUSSION PURPOSES DO NOT QUOTE OR CITE AS RESULTS ARE SUBJECT TO CHANGE Overview * Natural gas markets - Natural gas supply and delivered prices - Natural gas consumption - Pipeline imports/exports - LNG exports *

  2. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    ... 18.46 19.41 20.82 20.95 20.99 19.59 20.33 20.86 20.67 20.47 20.24 20.32 19.57 1997 ... 17.23 17.92 19.25 18.49 18.79 17.56 18.60 19.11...

  3. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    18.49 16.46 17.27 17.37 17.31 17.08 16.68 16.63 17.21 2000 January ... 23.53 24.32 24.95 W 25.77 24.02 25.17 24.36 24.70 24.84 23.38 25.17 24.68 February ......

  4. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    15.33 March ... 14.68 15.70 17.27 16.94 17.05 16.74 16.47 17.09 16.99 16.24 16.60 16.82 15.15 April ... 15.84 16.95 18.27 17.61 17.73 17.35 17.78...

  5. U.S. crude oil production expected to top 9 million barrels per day in December

    Energy Information Administration (EIA) (indexed site)

    crude oil production expected to top 9 million barrels per day in December U.S. crude oil production is expected to continue to increase through next year, despite the outlook for lower crude oil prices. In its new short-term forecast, the U.S. Energy Information Administration said monthly average oil production is on track to surpass 9 million barrels per day in December for the first time since 1986 and then rise to an average 9.4 million barrels a day next year. Even though that's down about

  6. Demand for oil and energy in developing countries

    SciTech Connect

    Wolf, C. Jr.; Relles, D.A.; Navarro, J.

    1980-05-01

    How much of the world's oil and energy supply will the non-OPEC less-developed countries (NOLDCs) demand in the next decade. Will their requirements be small and thus fairly insignificant compared with world demand, or large and relatively important. How will world demand be affected by the economic growth of the NOLDCs. In this report, we try to develop some reasonable forecasts of NOLDC energy demands in the next 10 years. Our focus is mainly on the demand for oil, but we also give some attention to the total commercial energy requirements of these countries. We have tried to be explicit about the uncertainties associated with our forecasts, and with the income and price elasticities on which they are based. Finally, we consider the forecasts in terms of their implications for US policies concerning the NOLDCs and suggest areas of future research on NOLDC energy issues.

  7. STEO November 2012 - gas prices

    Energy Information Administration (EIA) (indexed site)

    drivers to pull up to lower prices at the gasoline pump in the fourth quarter U.S. drivers should see lower gasoline prices in the fourth quarter of this year. The national pump price is expected to average $3.56 per gallon during the period said the U.S. Energy Information Administration in its new monthly short-term energy outlook. That's down 4 cents from what the agency projected in last month's forecast. The average price for regular gasoline fell by 31 cents per gallon from the start of

  8. Microsoft PowerPoint - GlobalOilEcon.ppt

    Energy Information Administration (EIA) (indexed site)

    Globalization, Oil Prices and U.S. Economic Activity Stephen Brown Federal Reserve Bank of Dallas 2008 Energy Conference U.S. Energy Information Administration Globalization, Oil Price Shocks and U.S. Economic Activity Nathan Balke, Stephen Brown, Mine Yücel March 31, 2008 I. Introduction. What are the economic consequences to the United States of an increase in the oil price? Conventional thinking: oil supply shock * Higher oil price * Slower GDP growth * Increased price level Real oil price

  9. Oil

    Energy.gov [DOE]

    The Energy Department works to ensure domestic and global oil supplies are environmentally sustainable and invests in research and technology to make oil drilling cleaner and more efficient.

  10. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update

    impact demand for petroleum products. Together with robust levels of current global crude oil production, and the potential for additional Iranian exports in 2016, oil prices...

  11. Soviet Union oil sector outlook grows bleaker still

    SciTech Connect

    Not Available

    1991-08-12

    This paper reports on the outlook for the U.S.S.R's oil sector which grows increasingly bleak and with it prospects for the Soviet economy. Plunging Soviet oil production and exports have analysts revising near term oil price outlooks, referring to the Soviet oil sector's self-destructing and Soviet oil production in a freefall. County NatWest, Washington, citing likely drops in Soviet oil production and exports (OGJ, Aug. 5, p. 16), has jumped its projected second half spot price for West Texas intermediate crude by about $2 to $22-23/bbl. Smith Barney, New York, forecasts WTI postings at $24-25/bbl this winter, largely because of seasonally strong world oil demand and the continued collapse in Soviet oil production. It estimates the call on oil from the Organization of Petroleum Exporting Countries at more than 25 million b/d in first quarter 1992. That would be the highest level of demand for OPEC oil since 1980, Smith Barney noted.

  12. Fuel Oil Use in Manufacturing

    Energy Information Administration (EIA) (indexed site)

    logo Return to: Manufacturing Home Page Fuel Oil Facts Oil Price Effect Fuel Switching Actual Fuel Switching Storage Capacity Fuel Oil Use in Manufacturing Why Look at Fuel Oil?...

  13. Price Quotes and Isotope Ordering

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Price Elasticities for Energy Use in Buildings of the United States October 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 U.S. Energy Information Administration | Price Elasticities for Energy Use in Buildings of the United States i This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA's data, analyses, and forecasts are

  14. Solar Forecasting

    Energy.gov [DOE]

    On December 7, 2012, DOE announced $8 million to fund two solar projects that are helping utilities and grid operators better forecast when, where, and how much solar power will be produced at U.S....

  15. Peaking of world oil production: Impacts, mitigation, & risk management

    SciTech Connect

    Hirsch, R.L.; Bezdek, Roger; Wendling, Robert

    2005-02-01

    The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking.... The purpose of this analysis was to identify the critical issues surrounding the occurrence and mitigation of world oil production peaking. We simplified many of the complexities in an effort to provide a transparent analysis. Nevertheless, our study is neither simple nor brief. We recognize that when oil prices escalate dramatically, there will be demand and economic impacts that will alter our simplified assumptions. Consideration of those feedbacks will be a daunting task but one that should be undertaken. Our aim in this study is to-- • Summarize the difficulties of oil production forecasting; • Identify the fundamentals that show why world oil production peaking is such a unique challenge; • Show why mitigation will take a decade or more of intense effort; • Examine the potential economic effects of oil peaking; • Describe what might be accomplished under three example mitigation scenarios. • Stimulate serious discussion of the problem, suggest more definitive studies, and engender interest in timely action to mitigate its impacts.

  16. Flexible procurement strategies smooth price spikes

    SciTech Connect

    Gaalaas, T.

    2006-12-15

    Pace Global Energy Services has been predicting for some time that the recent peaks in spot coal prices were not sustainable and this has been borne out. The latest available data on coal supply and demand fundamental suggest that spot coal prices may decline even more rapidly than previously forecast. Price volatility over the last five years suggests that a flexible procurement strategy that is well adapted to volatile market conditions may be just as important as knowledge of market fundamentals. 3 figs.

  17. Recently released EIA report presents international forecasting data

    SciTech Connect

    1995-05-01

    This report presents information from the Energy Information Administration (EIA). Articles are included on international energy forecasting data, data on the use of home appliances, gasoline prices, household energy use, and EIA information products and dissemination avenues.

  18. Short-Term Energy Outlook Model Documentation: Coal Supply, Demand, and Prices

    Reports and Publications

    2016-01-01

    The coal module of the Short-Term Energy Outlook (STEO) model is designed to provide forecasts of U.S. production, consumption, imports, exports, inventories, and prices.

  19. Short-Term Energy Outlook Model Documentation: Regional Residential Propane Price Model

    Reports and Publications

    2009-01-01

    The regional residential propane price module of the Short-Term Energy Outlook (STEO) model is designed to provide residential retail price forecasts for the 4 Census regions: Northeast, South, Midwest, and West.

  20. Short-Term Energy Outlook Model Documentation: Macro Bridge Procedure to Update Regional Macroeconomic Forecasts with National Macroeconomic Forecasts

    Reports and Publications

    2010-01-01

    The Regional Short-Term Energy Model (RSTEM) uses macroeconomic variables such as income, employment, industrial production and consumer prices at both the national and regional1 levels as explanatory variables in the generation of the Short-Term Energy Outlook (STEO). This documentation explains how national macroeconomic forecasts are used to update regional macroeconomic forecasts through the RSTEM Macro Bridge procedure.

  1. Natural Gas Residential Price (Summary)

    Gasoline and Diesel Fuel Update

    Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 1231 Reserves ...

  2. Natural Gas Citygate Price (Summary)

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 1231 Reserves ...

  3. Documentation of the oil and gas supply module (OGSM)

    SciTech Connect

    1996-01-01

    The purpose of this report is to define the objectives of the Oil and Gas Supply Model (OGSK, to describe the model`s basic approach, and to provide detail on how the model works. This report is intended as a reference document for model analysts, users, and the public. It is prepared in accordance with the Energy Information Administration`s (EIA) legal obligation to provide adequate documentation in support of its statistical and forecast reports (Public Law 93-275, Section 57(b)(2). OGSM is a comprehensive framework with which to analyze oil and gas supply potential and related issues. Its primary function is to produce forecast of crude oil, natural gas production, and natural gas imports and exports in response to price data received endogenously (within NEMS) from the Natural Gas Transmission and Distribution Model (NGTDM) and the Petroleum Market Model (PMM). To accomplish this task, OGSM does not provide production forecasts per se, but rather parameteres for short-term domestic oil and gas production functions and natural gas import functions that reside in PMM and NGTDM.

  4. The Impact of Ethanol Production on U.S. and Regional Gasoline Prices and on the Profitability of the U.S. Oil Refinery Industry

    SciTech Connect

    Du, Xiaodong; Hayes, Dermot J.

    2008-04-01

    This report details pooled regional time-series data and panel data estimation used to quantify the impact of monthly ethanol production on monthly retail regular gasoline prices.

  5. LNG markets: Implications of a low energy price environment for...

    Annual Energy Outlook

    low energy price environment for demand and U.S. exports LNG: Long-Term Competitiveness in ... is a substitution fuel competing in the ... China: LCOE Forecast (MWh) 9 What does it ...

  6. Natural Gas Wellhead Price

    Gasoline and Diesel Fuel Update

    Price Percentage of Total Industrial Deliveries included in Prices Vehicle Fuel Price Electric Power Price Period: Monthly Annual Download Series History Download Series ...

  7. Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    through 1980 reflect the month of reporting; values since then reflect the month of acquisition, which can be the month of loading, the month of landing, or sometime between those...

  8. Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    from Table 24. Refiner acquisition costs -- Energy Information Administration, Form FEA-P110-M-1, "Refiners' Monthly Cost Allocation Report," January 1978 through June 1978;...

  9. Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    17.54 1995 ... 14.62 15.69 16.78 17.33 17.14 17.23 a Free on Board. See Glossary. b Values through 1980 reflect the month of reporting; values...

  10. Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    23.30 1996 ... 18.46 19.32 20.31 20.77 20.64 20.71 a Free on Board. See Glossary. b Values through 1980 reflect the month of reporting; values...

  11. Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    16.91 1997 ... 17.23 16.94 18.11 19.61 18.53 19.04 a Free on Board. See Glossary. b Values through 1980 reflect the month of reporting; values...

  12. Fact #889: September 7, 2015 Average Diesel Price Lower than...

    Energy.gov [DOE] (indexed site)

    More Documents & Publications Fact 859 February 9, 2015 Excess Supply is the Most Recent Event to Affect Crude Oil Prices - Dataset Fact 860 February 16, 2015 Relationship of ...

  13. Intermediate future forecasting system

    SciTech Connect

    Gass, S.I.; Murphy, F.H.; Shaw, S.H.

    1983-12-01

    The purposes of the Symposium on the Department of Energy's Intermediate Future Forecasting System (IFFS) were: (1) to present to the energy community details of DOE's new energy market model IFFS; and (2) to have an open forum in which IFFS and its major elements could be reviewed and critiqued by external experts. DOE speakers discussed the total system, its software design, and the modeling aspects of oil and gas supply, refineries, electric utilities, coal, and the energy economy. Invited experts critiqued each of these topics and offered suggestions for modifications and improvement. This volume documents the proceedings (papers and discussion) of the Symposium. Separate abstracts have been prepared for each presentation for inclusion in the Energy Data Base.

  14. Retrospective Evaluation of Appliance Price Trends

    SciTech Connect

    Dale, Larry; Antinori, Camille; McNeil, Michael; McMahon, James E.; Fujita, K. Sydny

    2008-07-20

    Real prices of major appliances (refrigerators, dishwashers, heating and cooling equipment) have been falling since the late 1970s despite increases in appliance efficiency and other quality variables. This paper demonstrates that historic increases in efficiency over time, including those resulting from minimum efficiency standards, incur smaller price increases than were expected by Department of Energy (DOE) forecasts made in conjunction with standards. This effect can be explained by technological innovation, which lowers the cost of efficiency, and by market changes contributing to lower markups and economies of scale in production of higher efficiency units. We reach four principal conclusions about appliance trends and retail price setting: 1. For the past several decades, the retail price of appliances has been steadily falling while efficiency has been increasing. 2. Past retail price predictions made by DOE analyses of efficiency standards, assuming constant prices over time, have tended to overestimate retail prices. 3. The average incremental price to increase appliance efficiency has declined over time. DOE technical support documents have typically overestimated this incremental price and retail prices. 4. Changes in retail markups and economies of scale in production of more efficient appliances may have contributed to declines in prices of efficient appliances.

  15. Oil and natural gas supply and demand trends in North America...

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    TX By Adam Sieminski U.S. Energy Information Administration Historical and projected oil prices 2 crude oil price price per barrel (real 2010 dollars) Sources: U.S. Energy...

  16. Accounting for fuel price risk when comparing renewable togas-fired generation: the role of forward natural gas prices

    SciTech Connect

    Bolinger, Mark; Wiser, Ryan; Golove, William

    2004-07-17

    Unlike natural gas-fired generation, renewable generation (e.g., from wind, solar, and geothermal power) is largely immune to fuel price risk. If ratepayers are rational and value long-term price stability, then--contrary to common practice--any comparison of the levelized cost of renewable to gas-fired generation should be based on a hedged gas price input, rather than an uncertain gas price forecast. This paper compares natural gas prices that can be locked in through futures, swaps, and physical supply contracts to contemporaneous long-term forecasts of spot gas prices. We find that from 2000-2003, forward gas prices for terms of 2-10 years have been considerably higher than most contemporaneous long-term gas price forecasts. This difference is striking, and implies that comparisons between renewable and gas-fired generation based on these forecasts over this period have arguably yielded results that are biased in favor of gas-fired generation.

  17. Impacts on U.S. Energy Markets and the Economy of Reducing Oil Imports

    Reports and Publications

    1996-01-01

    This study was undertaken at the request of the General Accounting Office (GAO). Its purpose is to evaluate the impacts on U.S. energy markets and the economy of reducing oil imports. The approach and assumptions underlying this report were specified by GAO and are attached as an Appendix. The study focuses on two approaches: (1) a set of cases with alternative world crude oil price trajectories and (2) two cases which investigate the use of an oil import tariff to achieve a target reduction in the oil imports. The analysis presented uses the National Energy Modeling System, which is maintained by the Office of Integrated Analysis and Forecasting within the Energy Information Administration (EIA), and the DRI/McGraw Hill Macroeconomic Model of the U.S. Economy, a proprietary model maintained by DRI and subscribed to by EIA.

  18. Gasoline prices peak, expected to fall through end of 2016

    Energy Information Administration (EIA) (indexed site)

    Gasoline prices peak, expected to fall through end of 2016 It's all downhill for U.S. drivers at least far as the outlook for gasoline prices is concerned. Gasoline prices are expected to gradually fall through the end of this year. In its new monthly forecast, the U.S. Energy Information Administration said the retail price for regular-grade gasoline averaged $2.37 per gallon in June. That's down 43 cents from the same month last year. The average monthly pump price is expected to drop to $2.01

  19. First AEO2015 Oil and Gas Working Group Meeting Summary

    Energy Information Administration (EIA) (indexed site)

    TEAM EXPLORATION AND PRODUCTION and NATURAL GAS MARKETS TEAMS SUBJECT: First AEO2015 Oil and Gas Working Group ... to High Resource case * World oil price outlooks based on ...

  20. Oil Overcharge Refund Cases 1996 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 1996 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  1. Oil Overcharge Refund Cases 2003 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 2003 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  2. Oil Overcharge Refund Cases 1999 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 1999 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  3. Oil Overcharge Refund Cases 2006 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 2006 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  4. Oil Overcharge Refund Cases 2000 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 2000 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  5. Oil Overcharge Refund Cases 2005 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 2005 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  6. Oil Overcharge Refund Cases 2007 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 2007 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  7. Oil Overcharge Refund Cases 2008 | Department of Energy

    Energy Saver

    Oil Overcharge Refund Cases 2008 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  8. Oil Overcharge Refund Cases 2001 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 2001 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  9. Oil Overcharge Refund Cases 1997 | Department of Energy

    Energy Saver

    Oil Overcharge Refund Cases 1997 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  10. Oil Overcharge Refund Cases 2004 | Department of Energy

    Energy Saver

    Oil Overcharge Refund Cases 2004 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  11. Oil Overcharge Refund Cases 2002 | Department of Energy

    Office of Environmental Management (EM)

    Oil Overcharge Refund Cases 2002 During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such ...

  12. NYMEX Futures Prices

    Energy Information Administration (EIA) (indexed site)

    NYMEX Futures Prices (Crude Oil in Dollars per Barrel, All Others in Dollars per Gallon) Period: Daily Weekly Monthly Annual Download Series History Download Series History Definitions, Sources & Notes Definitions, Sources & Notes Product/ Contract 11/07/16 11/08/16 11/09/16 11/10/16 11/14/16 11/15/16 View History Crude Oil (Light-Sweet, Cushing, Oklahoma) Contract 1 44.89 44.98 45.27 44.66 43.32 45.81 1983-2016 Contract 2 45.47 45.61 45.94 45.36 43.94 46.39 1985-2016 Contract 3 46.10

  13. Prices & Trends

    Energy.gov [DOE]

    The U.S. Energy Information Administration (EIA) collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment. Learn about EIA and Energy Department organizations that track energy prices and trends.

  14. Domestic petroleum-product prices around the world. Survey: free market or government price controls

    SciTech Connect

    Not Available

    1983-01-27

    In this issue, Energy Detente draws from their regular Western and Eastern Hemisphere Fuel Price/Tax Series, each produced monthly, and adds other survey data and analysis for a broad view of 48 countries around the world. They find that seven Latin American nations, including OPEC members Venezuela and Ecuador, are among the ten countries with lowest gasoline prices. In this Fourth Special Price Report, Energy Detente provides a first-time presentation of which prices are government-controlled, and which are free to respond to market forces. South Korea, with fixed prices since 1964, has the highest premium-grade gasoline price in our survey, US $5.38 per gallon. Paraguay, with prices fixed by PETROPAR, the national oil company, has the second highest premium gasoline price, US $4.21 per gallon. Nicaragua, also with government price controls, ranks third highest in the survey, with US $3.38 per gallon for premium gasoline. Kuwait shows the lowest price at US $0.55 per gallon. Several price changes from the previous survey reflect changes in currency exchange as all prices are converted to US dollars. The Energy Detente fuel price/tax series is presented for Western Hemisphere countries.

  15. Microsoft Word - 2012_sp_02.docx

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Brent Crude Oil Spot Price Forecast 1 July 10, 2012 Short-Term Energy Outlook Supplement: Brent Crude Oil Spot Price Forecast Since the mid-1980s, benchmark crude oil prices such ...

  16. Modeling and simulation of consumer response to dynamic pricing.

    SciTech Connect

    Valenzuela, J.; Thimmapuram, P.; Kim, J

    2012-08-01

    Assessing the impacts of dynamic-pricing under the smart grid concept is becoming extremely important for deciding its full deployment. In this paper, we develop a model that represents the response of consumers to dynamic pricing. In the model, consumers use forecasted day-ahead prices to shift daily energy consumption from hours when the price is expected to be high to hours when the price is expected to be low while maintaining the total energy consumption as unchanged. We integrate the consumer response model into the Electricity Market Complex Adaptive System (EMCAS). EMCAS is an agent-based model that simulates restructured electricity markets. We explore the impacts of dynamic-pricing on price spikes, peak demand, consumer energy bills, power supplier profits, and congestion costs. A simulation of an 11-node test network that includes eight generation companies and five aggregated consumers is performed for a period of 1 month. In addition, we simulate the Korean power system.

  17. U.S. gasoline price expected to drop further below $3 per gallon

    Energy Information Administration (EIA) (indexed site)

    U.S. households to pay an average $750 less for gasoline in 2015 In its new forecast, the U.S. Energy Information Administration expects the average U.S. household to spend $750 less for gasoline this year compared to 2014. The price for regular gasoline this year is forecast to average $2.33 per gallon. The average pump price is expected to rise to $2.72 per gallon in 2016. Gasoline prices have already fallen for 15 weeks in a row, matching the record streak in price declines set at the end of

  18. Assessment of Summer 1997 motor gasoline price increase

    SciTech Connect

    1998-05-01

    Gasoline markets in 1996 and 1997 provided several spectacular examples of petroleum market dynamics. The first occurred in spring 1996, when tight markets, following a long winter of high demand, resulted in rising crude oil prices just when gasoline prices exhibit their normal spring rise ahead of the summer driving season. Rising crude oil prices again pushed gasoline prices up at the end of 1996, but a warm winter and growing supplies weakened world crude oil markets, pushing down crude oil and gasoline prices during spring 1997. The 1996 and 1997 spring markets provided good examples of how crude oil prices can move gasoline prices both up and down, regardless of the state of the gasoline market in the United States. Both of these spring events were covered in prior Energy Information Administration (EIA) reports. As the summer of 1997 was coming to a close, consumers experienced yet another surge in gasoline prices. Unlike the previous increase in spring 1996, crude oil was not a factor. The late summer 1997 price increase was brought about by the supply/demand fundamentals in the gasoline markets, rather than the crude oil markets. The nature of the summer 1997 gasoline price increase raised questions regarding production and imports. Given very strong demand in July and August, the seemingly limited supply response required examination. In addition, the price increase that occurred on the West Coast during late summer exhibited behavior different than the increase east of the Rocky Mountains. Thus, the Petroleum Administration for Defense District (PADD) 5 region needed additional analysis (Appendix A). This report is a study of this late summer gasoline market and some of the important issues surrounding that event.

  19. Fact #906: January 4, 2016 VMT and the Price of Gasoline Typically...

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    Fact 859 February 9, 2015 Excess Supply is the Most Recent Event to Affect Crude Oil Prices - Dataset Fact 889: September 7, 2015 Average Diesel Price Lower than Gasoline for ...

  20. What Drives U.S. Gasoline Prices?

    Energy Information Administration (EIA) (indexed site)

    What Drives U.S. Gasoline Prices? October 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 U.S. Energy Information Administration | What Drives U.S. Gasoline Prices? i This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA's data, analyses, and forecasts are independent of approval by any other officer or employee of the United States

  1. Price controls and international petroleum product prices

    SciTech Connect

    Deacon, R.T.; Mead, W.J.; Agarwal, V.B.

    1980-02-01

    The effects of Federal refined-product price controls upon the price of motor gasoline in the United States through 1977 are examined. A comparison of domestic and foreign gasoline prices is made, based on the prices of products actually moving in international trade. There is also an effort to ascribe US/foreign market price differentials to identifiable cost factors. Primary emphasis is on price comparisons at the wholesale level, although some retail comparisons are presented. The study also examines the extent to which product price controls are binding, and attempts to estimate what the price of motor gasoline would have been in the absence of controls. The time period under consideration is from 1969 through 1977, with primary focus on price relationships in 1970-1971 (just before US controls) and 1976-1977. The foreign-domestic comparisons are made with respect to four major US cities, namely, Boston, New York, New Orleans, and Los Angeles. 20 figures, 14 tables.

  2. probabilistic energy production forecasts

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    energy production forecasts - Sandia Energy Energy Search Icon Sandia Home Locations Contact Us Employee Locator Energy & Climate Secure & Sustainable Energy Future Stationary ...

  3. Wind Power Forecasting Data

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Operations Call 2012 Retrospective Reports 2012 Retrospective Reports 2011 Smart Grid Wind Integration Wind Integration Initiatives Wind Power Forecasting Wind Projects Email...

  4. Solar Forecasting Technical Workshop

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    Forecasting Technical Workshop August 3, 2016 901 D St SW, Suite #930, Washington, DC Agenda 8:00-8:30 Check-in 8:30-8:45 Welcome & Opening remarks Guohui Yuan, DOE 8:45-9:15 Overview of Motivation and Techniques for Solar Forecasting Jan Kleissl, UCSD 9:15-9:45 Collaborative Research on Solar Power Forecasting: Challenges, Methods, and Assessment Tara Jensen, NCAR 9:45-10:00 Break 10:00-10:30 Machine-learning Based Enhancements for Renewable Energy Forecasting: From Research to Applications

  5. Wind Power Forecasting

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    data Presentations BPA Super Forecast Methodology Related Links Near Real-time Wind Animation Meteorological Data Customer Supplied Generation Imbalance Dynamic Transfer Limits...

  6. Too early to tell on $100 oil

    Energy Information Administration (EIA) (indexed site)

    Presentation to: April 8, 2008 Lehman Brothers oil outlook: Stronger signals of weaker prices Adam Robinson What's driving oil markets today? u Not the short run: Oil prices go up every time the US economy gets worse u It's tempting to argue that the rise in oil prices now is simply a continuation of past trends - The cost of F&D continues to march up - Demand in China growing faster with no signs of slowdown - Upstream and downstream supply bottlenecks are permanent u We think current price

  7. Balancing oil and environment... responsibly.

    SciTech Connect

    Weimer, Walter C.; Teske, Lisa

    2007-01-25

    Balancing Oil and Environment…Responsibly As the price of oil continues to skyrocket and global oil production nears the brink, pursuing unconventional oil supplies, such as oil shale, oil sands, heavy oils, and oils from biomass and coal has become increasingly attractive. Of particular significance to the American way is that our continent has significant quantities of these resources. Tapping into these new resources, however, requires cutting-edge technologies for identification, production, processing and environmental management. This job needs a super hero or two for a job of this size and proportion…

  8. What Is Price Volatility

    Gasoline and Diesel Fuel Update

    What Is Price Volatility? The term "price volatility" is used to describe price fluctuations of a commodity. Volatility is measured by the day-to-day percentage difference in the price of the commodity. The degree of variation, not the level of prices, defines a volatile market. Since price is a function of supply and demand, it follows that volatility is a result of the underlying supply and demand characteristics of the market. Therefore, high levels of volatility reflect

  9. Monthly gasoline price to dip below $2 this winter

    Energy Information Administration (EIA) (indexed site)

    Monthly gasoline price to dip below $2 this winter The nationwide average price for gasoline is expected to fall below $2 per gallon in January, as refiners have switched over to making the less expensive winter gasoline blend and because seasonal motor fuel consumption is typically lower than during the summer months. In its new forecast, the U.S. Energy Information Administration estimates that gasoline demand in September alone hit a record high for that month and highway travel reached

  10. Oil Refund Decisions

    Office of Energy Efficiency and Renewable Energy (EERE)

    During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such as gasoline and heating oil. During that period and for many years afterwards, the DOE had an enforcement program. When a firm was found to have overcharged, the DOE generally required the firm to make refunds to its customers.

  11. NREL: Transmission Grid Integration - Forecasting

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Forecasting NREL researchers use solar and wind resource assessment and forecasting techniques to develop models that better characterize the potential benefits and impacts of ...

  12. Microsoft Word - Oil and Gas Pipelines_Statement_Dr Daniel Fine...

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    ... Oil and an natural gas price recovery are required indefinitely to stabilize population and job markets. Its oil production, following the infusion of technology innovation, is at ...

  13. The Facts on Gas Prices: Infographic | Department of Energy

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    on Gas Prices: Infographic The Facts on Gas Prices: Infographic March 13, 2012 - 4:19pm Addthis Domestic oil production has climbed every year since President Obama took office, and our dependence on foreign oil is at its lowest level since the 1990s. | Graphic courtesy of the <a href="http://www.whitehouse.gov/energy/gasprices">White House</a> Domestic oil production has climbed every year since President Obama took office, and our dependence on foreign oil is at its

  14. Energy & Financial Markets: What drives petroleum product prices - Energy

    Gasoline and Diesel Fuel Update

    Information Administration Petprod - U.S. Energy Information Administration (EIA) U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Sources & Uses Petroleum & Other Liquids Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas Exploration and reserves, storage, imports and exports, production, prices, sales. Electricity Sales, revenue and prices, power plants, fuel use, stocks,

  15. STEO December 2012 - oil production

    Energy Information Administration (EIA) (indexed site)

    Rise in 2012 U.S. oil production largest since 1859, output in 2013 seen topping 7 million bpd U.S. crude oil production is now expected to rise by about 760,000 barrels per day in 2012, the biggest annual increase in oil output since U.S. commercial crude oil production began in 1859. American oil producers are expected to pump a daily average of 6.4 million barrels of crude oil this year, according to the U.S. Energy Information Administrator's new monthly energy forecast. The annual increase

  16. U.S. summer gasoline prices dive this year

    Energy Information Administration (EIA) (indexed site)

    U.S. summer gasoline prices dive this year Along with a dip in the pool, U.S. drivers could also enjoy a dip in gasoline prices this summer compared to last year. In its new monthly forecast, the U.S. Energy Information Administration said the price for regular-grade gasoline will average $2.04 per gallon this summer. That's down about 60 cents from last year and the best summer deal at the pump in 12 years. Cheaper gasoline along with a stronger economy will encourage more driving. As a result,

  17. 2016 SSL Forecast Report

    Energy.gov [DOE]

    The DOE report, Energy Savings Forecast of Solid-State Lighting in General Illumination Applications, is a biannual report which models the adoption of LEDs in the U.S. general-lighting market,...

  18. SSL Forecast Report

    Energy.gov [DOE]

    The DOE report, Energy Savings Forecast of Solid-State Lighting in General Illumination Applications, is the latest edition of a biannual report which models the adoption of LEDs in the U.S....

  19. U.S. monthly gasoline price in December on track to be lowest in 3 years

    Energy Information Administration (EIA) (indexed site)

    gasoline price in December on track to be lowest in 3 years The price for regular gasoline is expected to average $3.23 per gallon during December, according to the new monthly energy forecast from the U.S. Energy Information Administration. That would be down 1 penny from November's average and the lowest monthly pump price for December in three years. Gasoline prices could be even cheaper in many local areas. The national retail price for gasoline fell 50 cents from late July to $3.19 a gallon

  20. High-price energy strategy failing

    SciTech Connect

    Gonze, R.

    1981-03-01

    An energy policy based on decontrol and high energy prices to allocate resources is examined and found wanting. An economic penalty results when the oil companies can operate as a virtual monopoly to set prices for other fuels as well as oil. The impact on consumers is a lowered standard of living and social inequity. Government intervention that is pro-competition is shown to be as inadequate as price control. A list of twelve measures that would moderate the economic losses and still encourage energy production and conservation include strong antitrust action, an active federal coal leasing program, competitive coal transactions, limits on severance taxes, a permanent windfall profits tax, and direct subsidy programs. (DCK)

  1. Acquisition Forecast | Department of Energy

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    Acquisition Forecast Acquisition Forecast Acquisition Forecast It is the policy of the U.S. Department of Energy (DOE) to provide timely information to the public regarding DOE's forecast of future prime contracting opportunities and subcontracting opportunities which are available via the Department's major site and facilities management contractors. This forecast has been expanded to also provide timely status information for ongoing prime contracting actions that are valued in excess of the

  2. This Week In Petroleum Summary Printer-Friendly Version

    Annual Energy Outlook

    with last winter, putting upward pressure on heating oil prices and offsetting the impact of falling demand. Crude oil price forecasts are very uncertain. For example, in...

  3. Microsoft Word - Highlights.doc

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    prices and our current forecast, see our supplement to ... (WTI) crude oil spot price is projected to average ... Distillate (diesel fuel and heating oil) consumption, having ...

  4. Evaluating oil, gas ventures in W. Siberia: Feasibility studies

    SciTech Connect

    Krug, J.A. ); Connelly, W. )

    1993-02-08

    This article discusses the methodology and calculations used in performing the economic evaluations for a typical western Siberia oil project venture. The discussion of taxes, funds, depreciation, and costs assumes the venture is a stock company and that economics are calculated on a project basis. Most ventures available to western companies are delineated oil fields that are not yet developed or producing. The authors focus on this type of property. The required elements for an economic evaluation include original-oil-in-place (OOIP) and recoverable reserves; development plan and associated production forecast; and capital requirements and operating costs. The level of evaluation-i.e., screening, preliminary feasibility study, Technical Efficiency of Organization (TEO), or full feasibility study-determines the detail needed for each of these elements. Several economic analyses of a venture should be made to evaluate the sensitivity of alternative development plans, joint venture deal terms, capital requirements, operating costs, product prices, and taxation variables. The first three parts of this five part series dealt with (1) log and core data, (2) reservoir description and (3) flow tests and reservoir performance, and provided a technical foundation for the evaluation of oil and gas ventures in western Siberia.

  5. Voluntary Green Power Market Forecast through 2015

    SciTech Connect

    Bird, L.; Holt, E.; Sumner, J.; Kreycik, C.

    2010-05-01

    Various factors influence the development of the voluntary 'green' power market--the market in which consumers purchase or produce power from non-polluting, renewable energy sources. These factors include climate policies, renewable portfolio standards (RPS), renewable energy prices, consumers' interest in purchasing green power, and utilities' interest in promoting existing programs and in offering new green options. This report presents estimates of voluntary market demand for green power through 2015 that were made using historical data and three scenarios: low-growth, high-growth, and negative-policy impacts. The resulting forecast projects the total voluntary demand for renewable energy in 2015 to range from 63 million MWh annually in the low case scenario to 157 million MWh annually in the high case scenario, representing an approximately 2.5-fold difference. The negative-policy impacts scenario reflects a market size of 24 million MWh. Several key uncertainties affect the results of this forecast, including uncertainties related to growth assumptions, the impacts that policy may have on the market, the price and competitiveness of renewable generation, and the level of interest that utilities have in offering and promoting green power products.

  6. Product Guide Category Prices Volumes

    Energy Information Administration (EIA) (indexed site)

    Product Guide Category Prices Volumes Crude oil Refiner acqusistion cost 1,1A - Domestic first purchases 1 - from selected states 18 - by API gravity 20 - for selected crude streams 19 - Imports F.O.B. cost 1 - from selected states 21 - by API gravity 23 - for selected crude streams 26 - Landed costs 1 - from selected states 22 - by API gravity 24 - for selected crude streams 27 - Percentage by gravity band 25 - - Motor gasoline all sellers 28 - refiners 2,4,6,31 3,5,7,39,40 prime suppliers - 45

  7. Price changes in the gasoline market: Are Midwestern gasoline prices downward sticky?

    SciTech Connect

    1999-03-01

    This report examines a recurring question about gasoline markets: why, especially in times of high price volatility, do retail gasoline prices seem to rise quickly but fall back more slowly? Do gasoline prices actually rise faster than they fall, or does this just appear to be the case because people tend to pay more attention to prices when they`re rising? This question is more complex than it might appear to be initially, and it has been addressed by numerous analysts in government, academia and industry. The question is very important, because perceived problems with retail gasoline pricing have been used in arguments for government regulation of prices. The phenomenon of prices at different market levels tending to move differently relative to each other depending on direction is known as price asymmetry. This report summarizes the previous work on gasoline price asymmetry and provides a method for testing for asymmetry in a wide variety of situations. The major finding of this paper is that there is some amount of asymmetry and pattern asymmetry, especially at the retail level, in the Midwestern states that are the focus of the analysis. Nevertheless, both the amount asymmetry and pattern asymmetry are relatively small. In addition, much of the pattern asymmetry detected in this and previous studies could be a statistical artifact caused by the time lags between price changes at different points in the gasoline distribution system. In other words, retail gasoline prices do sometimes rise faster than they fall, but this is largely a lagged market response to an upward shock in the underlying wholesale gasoline or crude oil prices, followed by a return toward the previous baseline. After consistent time lags are factored out, most apparent asymmetry disappears.

  8. Model documentation: Electricity market module, electricity finance and pricing submodule

    SciTech Connect

    Not Available

    1994-04-07

    The purpose of this report is to define the objectives of the model, describe its basic approach, and provide detail on how it works. The EFP is a regulatory accounting model that projects electricity prices. The model first solves for revenue requirements by building up a rate base, calculating a return on rate base, and adding the allowed expenses. Average revenues (prices) are calculated based on assumptions regarding regulator lag and customer cost allocation methods. The model then solves for the internal cash flow and analyzes the need for external financing to meet necessary capital expenditures. Finally, the EFP builds up the financial statements. The EFP is used in conjunction with the National Energy Modeling System (NEMS). Inputs to the EFP include the forecast generating capacity expansion plans, operating costs, regulator environment, and financial data. The outputs include forecasts of income statements, balance sheets, revenue requirements, and electricity prices.

  9. Diesel prices flat

    Energy Information Administration (EIA) (indexed site)

    Diesel prices flat The U.S. average retail price for on-highway diesel fuel saw no movement from last week. Prices remained flat at $3.89 a gallon on Monday, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the West Coast states at 4.05 a gallon, up 2-tenths of a penny from a week ago. Prices were lowest in the Gulf Coast region at 3.80 a gallon, up 3-tenths of a penny

  10. ,"Texas Natural Gas Prices"

    Energy Information Administration (EIA) (indexed site)

    Data for" ,"Data 1","Texas Natural Gas Prices",8,"Monthly","2... 6:46:23 AM" "Back to Contents","Data 1: Texas Natural Gas Prices" "Sourcekey","N3050TX3"...

  11. California Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 4.87 1967-2010 Imports Price 4.76 3.57 -- 3.59 -- -- 2007-2015 Exports Price 4.51 4.18 2.90 3.89 4.56 2.76 1997-2015 Pipeline and Distribution Use Price 1967-2005 Citygate Price 4.86 4.47 3.46 4.18 4.88 3.27 1984-2015 Residential Price 9.92 9.93 9.14 9.92 11.51 11.39 1967-2015 Percentage of Total Residential Deliveries included in Prices 98.5 98.3 97.5 96.1 94.8 94.9 1989-2015 Commercial Price 8.30 8.29 7.05 7.81 9.05 8.04 1967-2015

  12. Residential propane price decreases

    Annual Energy Outlook

    propane price decreases The average retail price for propane is 2.32 per gallon, down 2 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  13. Residential propane price increases

    Annual Energy Outlook

    propane price increases The average retail price for propane is 1.98 per gallon, up 1.1 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  14. Residential propane price decreases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    05, 2014 Residential propane price decreases The average retail price for propane fell to 2.40 per gallon, down 1.2 cents from a week ago, based on the residential heating fuel ...

  15. Residential propane prices increase

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane prices increase The average retail price for propane rose 3.9 cents from a week ago to 2.80 per gallon. That's up 53.7 cents from a year ago, based on the residential ...

  16. Residential propane prices stable

    Annual Energy Outlook

    propane prices stable The average retail price for propane is 2.37 per gallon. That's down 4-tenths of a penny from a week ago, based on the U.S. Energy Information ...

  17. Residential propane price

    Gasoline and Diesel Fuel Update

    propane price increases The average retail price for propane is 2.39 per gallon, up 3.9 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  18. Residential propane price decreases

    Gasoline and Diesel Fuel Update

    propane price decreases The average retail price for propane is 2.38 per gallon, down 1.1 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  19. Residential propane price decreases

    Energy Information Administration (EIA) (indexed site)

    6, 2014 Residential propane price decreases The average retail price for propane fell to 3.48 per gallon, down 15.9 cents from a week ago, based on the residential heating fuel ...

  20. Residential propane price decreases

    Annual Energy Outlook

    8, 2015 Residential propane price decreases The average retail price for propane is 2.34 per gallon, down 1.7 cents from last week, based on the residential heating fuel survey by ...

  1. Residential propane prices stable

    Annual Energy Outlook

    propane price decreases The average retail price for propane is 2.40 per gallon, down 9-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  2. Residential propane prices available

    Annual Energy Outlook

    4, 2015 Residential propane price increases The average retail price for propane is 1.92 per gallon, up 1.4 cents from last week, based on the residential heating fuel survey by ...

  3. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    Residential propane price decreases The average retail price for propane is 2.03 per gallon, down 2-tenths of a cent from last week, based on the residential heating fuel survey ...

  4. Residential propane price

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price increases The average retail price for propane is 2.29 per gallon, down 3.1 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  5. Residential propane prices available

    Energy Information Administration (EIA) (indexed site)

    8, 2015 Residential propane price increases The average retail price for propane is 1.91 per gallon, up 1.4 cents from last week, based on the residential heating fuel survey by ...

  6. Residential propane prices surges

    Gasoline and Diesel Fuel Update

    propane prices surges The average retail price for propane rose to an all-time high of 4.01 a gallon, that's up 1.05 from a week ago, based on the residential heating fuel survey ...

  7. Residential propane price increases

    Annual Energy Outlook

    propane price increases The average retail price for propane is 1.96 per gallon, up 1.8 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  8. Residential propane prices surges

    Gasoline and Diesel Fuel Update

    5, 2014 Residential propane price decreases The average retail price for propane fell to 3.30 per gallon, down 17.5 cents from a week ago, based on the residential heating fuel ...

  9. Residential propane price decreases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price decreases The average retail price for propane is 2.36 per gallon, down 7-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  10. Residential propane price

    Annual Energy Outlook

    propane price decreases The average retail price for propane is 2.35 per gallon, down 1.1 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  11. Residential propane price decreases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price decreases The average retail price for propane is 2.39 per gallon, down 2.2 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  12. Residential propane price increases

    Gasoline and Diesel Fuel Update

    Residential propane price decreases The average retail price for propane is 2.02 per gallon, down 5-tenths of a cent from last week, based on the residential heating fuel survey ...

  13. Residential propane prices decreases

    Annual Energy Outlook

    5, 2014 Residential propane prices decreases The average retail price for propane fell to 3.89 per gallon, that's down 11.9 cents from a week ago, based on the residential heating ...

  14. Residential propane prices available

    Energy Information Administration (EIA) (indexed site)

    Residential propane price decreases The average retail price for propane is 1.91 per gallon, down 6.7 cents from last week, based on the residential heating fuel survey by the ...

  15. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price increases The average retail price for propane is 2.03 per gallon, up 1 cent from last week, based on the residential heating fuel survey by the U.S. Energy ...

  16. Residential propane prices increase

    Energy Information Administration (EIA) (indexed site)

    propane prices increase The average retail price for propane rose to 2.40 per gallon, up 1.1 cents from a week ago, based on the residential heating fuel survey by the U.S. Energy ...

  17. Residential propane prices surges

    Gasoline and Diesel Fuel Update

    2, 2014 Residential propane price decreases The average retail price for propane fell to 3.17 per gallon, down 13.1 cents from a week ago, based on the residential heating fuel ...

  18. Residential propane price decreases

    Gasoline and Diesel Fuel Update

    propane price decreases The average retail price for propane is 2.36 per gallon, down 6-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  19. Residential propane price decreases

    Gasoline and Diesel Fuel Update

    propane price decreases The average retail price for propane is 2.36 per gallon, down 1.1 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  20. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    propane price increases The average retail price for propane is 2.41 per gallon, up 6-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  1. Residential propane price increases

    Gasoline and Diesel Fuel Update

    propane price increases The average retail price for propane is 1.96 per gallon, up 7-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  2. Residential propane prices available

    Gasoline and Diesel Fuel Update

    propane prices available The average retail price for propane is 2.30 per gallon, based on the U.S. Energy Information Administration's weekly residential heating fuel survey. ...

  3. Residential propane prices increase

    Annual Energy Outlook

    propane prices increase The average retail price for propane rose 4.8 cents from a week ago to 2.76 per gallon. That's up 51.2 cents from a year ago, based on the residential ...

  4. Residential propane prices available

    Gasoline and Diesel Fuel Update

    8, 2015 Residential propane price increases The average retail price for propane is 1.94 per gallon, up 2 cents from last week, based on the residential heating fuel survey by the ...

  5. Residential propane prices surges

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Midwest and Northeast propane prices much higher this winter than last year Households that heat with propane will pay for that propane at prices averaging 39 percent higher in the ...

  6. Residential propane price decreases

    Gasoline and Diesel Fuel Update

    propane price decreases The average retail price for propane is 2.01 per gallon, down 6-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  7. Residential propane prices available

    Energy Information Administration (EIA) (indexed site)

    Residential propane price decreases The average retail price for propane is 1.92 per gallon, down 6-tenths of a cent from last week, based on the residential heating fuel survey ...

  8. Residential propane prices available

    Annual Energy Outlook

    1, 2015 Residential propane price increases The average retail price for propane is 1.90 per gallon, up 2-tenths of a cent from last week, based on the residential heating fuel ...

  9. Residential propane prices increase

    Annual Energy Outlook

    propane prices increase The average retail price for propane rose 5.5 cents per gallon from last week to 2.62 per gallon; up 37.4 cents from a year ago, based on the residential ...

  10. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price increases The average retail price for propane is 2.00 per gallon, up 7-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  11. Residential propane prices increase

    Energy Information Administration (EIA) (indexed site)

    propane prices increase The average retail price for propane rose 10.3 cents from a week ago to 2.96 per gallon. That's up 68.1 cents from a year ago, based on the residential ...

  12. Residential propane prices increase

    Gasoline and Diesel Fuel Update

    propane prices increase The average retail price for propane rose 3.2 cents from a week ago to 2.86 per gallon. That's up 59.3 cents from a year ago, based on the residential ...

  13. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Residential propane price decreases The average retail price for propane is 2.01 per gallon, down 8-tenths of a cent from last week, based on the residential heating fuel survey ...

  14. Residential propane price decreases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price decreases The average retail price for propane is 2.35 per gallon, down 3-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  15. Residential propane prices increase

    Gasoline and Diesel Fuel Update

    propane prices increase The average retail price for propane rose 9.1 cents from a week ago to 2.71 per gallon. That's up 46.9 cents from a year ago, based on the residential ...

  16. Residential propane prices increase

    Annual Energy Outlook

    propane prices increase The average retail price for propane rose 2.3 cents per gallon from last week to 2.57 per gallon; up 32.2 cents from a year ago, based on the residential ...

  17. Residential propane price increases

    Annual Energy Outlook

    propane price increases The average retail price for propane is 2.02 per gallon, up 5-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  18. Residential propane prices available

    Gasoline and Diesel Fuel Update

    propane prices available The average retail price for propane is 1.94 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. ...

  19. Residential propane prices increase

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane prices increase The average retail price for propane rose 2.5 cents from a week ago to 2.83 per gallon. That's up 56 cents from a year ago, based on the residential ...

  20. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price increases The average retail price for propane is 1.98 per gallon, up 5-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  1. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    propane price increases The average retail price for propane is 1.99 per gallon, up 3-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  2. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    propane price increases The average retail price for propane is 2.01 per gallon, up 1.2 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  3. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price increases The average retail price for propane is 2.02 per gallon, up 4-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  4. Residential propane prices surges

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    9, 2014 Residential propane price decreases The average retail price for propane fell to 3.08 per gallon, down 8.6 cents from a week ago, based on the residential heating fuel ...

  5. Residential propane price increases

    Gasoline and Diesel Fuel Update

    Residential propane price decreases The average retail price for propane is 2.03 per gallon, down 6-tenths of a cent from last week, based on the residential heating fuel survey ...

  6. Residential propane price

    Gasoline and Diesel Fuel Update

    propane price decreases The average retail price for propane is 2.36 per gallon, down 1 cent from last week, based on the residential heating fuel survey by the U.S. Energy ...

  7. Residential propane price decreases

    Gasoline and Diesel Fuel Update

    propane price decreases The average retail price for propane is 2.37 per gallon, down 9-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  8. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    propane price increases The average retail price for propane is 1.97 per gallon, up 6-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. ...

  9. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    4, 2015 Residential propane price increases The average retail price for propane is 2.36 per gallon, up half of a cent from last week, based on the residential heating fuel survey ...

  10. Residential propane price increases

    U.S. Department of Energy (DOE) - all webpages (Extended Search)

    Residential propane price virtually unchanged The average retail price for propane is 2.03 per gallon, up 1-tenth of a cent from last week, based on the residential heating fuel ...

  11. Residential propane price

    Gasoline and Diesel Fuel Update

    propane price decrease The average retail price for propane is 2.37 per gallon, down 1.3 cents from last week, based on the residential heating fuel survey by the U.S. Energy ...

  12. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    propane price increases The average retail price for propane is $2.02 per gallon, up 4-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.48 per gallon, down 1-tenth of a cent from last week, and down 43

  13. Residential propane prices available

    Energy Information Administration (EIA) (indexed site)

    Residential propane prices available The average retail price for propane is $1.99 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.40

  14. Vermont Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1982-2005 Citygate Price 8.29 7.98 6.63 6.16 7.08 NA 1984-2015 Residential Price 16.14 16.17 16.73 15.87 14.68 14.56 1980-2015 Percentage of ...

  15. Oklahoma Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.18 5.67 5.00 4.75 5.35 4.59 1984-2015 Residential Price 11.12 10.32 11.10 9.71 10.10 10.26 1967-2015 Percentage of ...

  16. Pennsylvania Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 7.04 6.28 5.52 5.26 5.59 NA 1984-2015 Residential Price 12.90 12.46 11.99 11.63 11.77 NA 1967-2015 Percentage of Total ...

  17. Nebraska Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.62 5.11 4.31 4.61 5.58 NA 1984-2015 Residential Price 8.95 8.84 8.68 8.39 8.77 8.94 1967-2015 Percentage of Total ...

  18. Nevada Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 7.19 6.77 5.13 5.16 5.90 4.06 1984-2015 Residential Price 12.25 10.66 10.14 9.42 11.44 11.82 1967-2015 Percentage of ...

  19. Montana Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.17 5.11 4.23 4.21 5.03 3.71 1984-2015 Residential Price 8.64 8.80 8.05 8.19 9.11 8.21 1967-2015 Percentage of Total ...

  20. Louisiana Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.43 5.67 3.48 4.12 4.90 3.32 1984-2015 Residential Price 11.73 11.37 11.54 10.80 10.89 10.71 1967-2015 Percentage of ...

  1. Minnesota Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.48 5.04 4.26 4.58 6.56 4.40 1984-2015 Residential Price 8.76 8.85 7.99 8.19 9.89 8.84 1967-2015 Percentage of Total ...

  2. Virginia Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.88 6.64 5.64 5.54 5.98 4.87 1984-2015 Residential Price 12.73 12.72 12.42 11.68 12.07 11.58 1967-2015 Percentage of ...

  3. Oregon Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.78 5.84 5.21 4.82 5.40 4.65 1984-2015 Residential Price 12.49 11.76 11.22 10.84 11.72 NA 1967-2015 Percentage of ...

  4. Wisconsin Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.14 5.65 4.88 4.88 6.96 4.71 1984-2015 Residential Price 10.34 9.77 9.27 8.65 10.52 NA 1967-2015 Percentage of Total ...

  5. Missouri Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.17 5.85 5.27 4.99 5.76 4.65 1984-2015 Residential Price 11.66 12.02 12.25 10.88 10.83 11.59 1967-2015 Percentage of ...

  6. Texas Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.89 5.39 4.30 4.89 5.77 4.20 1984-2015 Residential Price 10.82 10.21 10.55 10.50 11.16 10.65 1967-2015 Percentage of ...

  7. Massachusetts Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 7.74 7.04 6.03 6.20 6.96 NA 1984-2015 Residential Price 14.53 13.81 13.22 13.49 14.50 NA 1967-2015 Percentage of Total ...

  8. Maryland Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.49 6.26 5.67 5.37 6.36 4.99 1984-2015 Residential Price 12.44 12.10 12.17 11.67 12.21 12.05 1967-2015 Percentage of ...

  9. Maine Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 8.19 8.14 7.73 7.35 10.33 NA 1984-2015 Residential Price 14.14 14.20 15.94 15.21 16.90 NA 1967-2015 Percentage of Total ...

  10. Wyoming Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.04 4.65 4.03 4.51 5.27 4.36 1984-2015 Residential Price 8.58 8.72 8.42 8.27 9.34 9.19 1967-2015 Percentage of Total ...

  11. Tennessee Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.78 5.23 4.35 4.73 5.37 4.06 1984-2015 Residential Price 10.46 10.21 9.95 9.44 10.13 9.69 1967-2015 Percentage of ...

  12. Utah Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.53 5.68 5.50 5.70 5.74 5.70 1984-2015 Residential Price 8.22 8.44 8.70 8.55 9.48 9.72 1967-2015 Percentage of Total ...

  13. Washington Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.29 5.55 4.48 4.89 5.82 4.42 1984-2015 Residential Price 12.24 12.30 11.87 11.37 10.59 10.61 1967-2015 Percentage of ...

  14. Ohio Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Percentage of Total Industrial Deliveries included in Prices 2.1 2.0 1.6 2.2 2.0 NA 1997-2015 Vehicle Fuel Price -- -- -- 1990-2012 Electric Power Price 5.01 W 3.05 3.95 4.31 2.42 ...

  15. Arkansas Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Percentage of Total Industrial Deliveries included in Prices 2.8 2.1 1.8 1.7 1.8 1.7 1997-2015 Vehicle Fuel Price -- -- 9.04 1994-2012 Electric Power Price 5.11 W 3.19 W W W ...

  16. Mississippi Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Percentage of Total Industrial Deliveries included in Prices 9.6 9.7 9.6 10.6 9.9 9.0 1997-2015 Vehicle Fuel Price -- -- -- 1994-2012 Electric Power Price W W W W W W 1997-2015

  17. Michigan Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Percentage of Total Industrial Deliveries included in Prices 8.8 9.3 7.4 7.4 7.6 NA 1997-2015 Vehicle Fuel Price -- -- -- 1990-2012 Electric Power Price 4.97 4.76 3.21 4.58 6.71 ...

  18. Winners and losers from cheaper oil

    SciTech Connect

    Boyer, E.

    1984-11-26

    Oil prices are slipping despite OPEC's efforts to prop them up by cutting production. Abundant oil and slack demand will press prices into a substantial drop. That portends more growth, less inflation, and good news for industries, especially the airline and automobile industries. Banks and some oil companies could be hurt, but chemical and steel companies will benefit. Concerns that the country will drop conservation efforts overlook the efficiency improvements already embedded in new machinery and automobiles and the insulation installed in buildings.

  19. Heavy oil expansions gather momentum worldwide

    SciTech Connect

    Moritis, G.

    1995-08-14

    Cold production, wormholes, foamy oil mechanism, improvements in thermal methods, and horizontal wells are some of the processes and technologies enabling expansion of the world`s heavy oil/bitumen production. Such processes were the focus of the International Heavy Oil Symposium in Calgary, June 19--21. Unlike conventional oil production, heavy oil/bitumen extraction is more a manufacturing process where technology enables the business and does not just add value. The current low price spreads between heavy oil/light oil indicate that demand for heavy oil is high. The paper first discusses the price difference between heavy and light oils, then describes heavy oil production activities in Canada at Cold Lake, in Venezuela in the Orinoco belt, and at Kern River in California.

  20. http://www.energy.gov/media/F...Biofuels_Lower_Gas_Prices.pdf | Department

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    of Energy energy.gov/media/F...Biofuels_Lower_Gas_Prices.pdf http://www.energy.gov/media/F...Biofuels_Lower_Gas_Prices.pdf http://www.energy.gov/media/F...Biofuels_Lower_Gas_Prices.pdf (52.89 KB) More Documents & Publications Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Biofuels & Greenhouse Gas Emissions: Myths versus Facts Ethanol: Producting Food, Feed, and Fuel

  1. Diesel prices decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices decrease The U.S. average retail price for on-highway diesel fuel fell to $4.05 a gallon on Monday. That's down 4.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 4.20 a gallon, down 3.9 cents from a week ago. Prices were lowest in the Rocky Mountain States at 3.97 a gallon, down 3.9 cents

  2. Diesel prices decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices decrease The U.S. average retail price for on-highway diesel fuel fell to $3.88 a gallon on Monday. That's down a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 3.99 a gallon, remaining unchanged from a week ago. Prices were lowest in the Gulf Coast region at 3.78 a gallon, also unchanged from a week ago.

  3. Diesel prices decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices decrease The U.S. average retail price for on-highway diesel fuel fell to $3.85 a gallon on Monday. That's down 2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 3.98 a gallon, down 6-tenths of a penny from a week ago. Prices were lowest in the Gulf Coast region at 3.75 a gallon, down 2.2 cents.

  4. Diesel prices decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices decrease The U.S. average retail price for on-highway diesel fuel fell to $3.82 a gallon on Monday. That's down 2.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 3.97 a gallon, down 1.3 cents from a week ago. Prices were lowest in the Lower Atlantic and the Gulf Coast regions at 3.73 a gallon

  5. Diesel prices decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices decrease The U.S. average retail price for on-highway diesel fuel fell to $3.87 a gallon on Monday. That's down 1.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the West Coast states at 4.04 a gallon, down 1.3 cents from a week ago. Prices were lowest in the Gulf Coast region at 3.78 a gallon, down 1

  6. Diesel prices decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices decrease The U.S. average retail price for on-highway diesel fuel fell to $3.88 a gallon on Monday. That's down 0.4 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 4.07 a gallon, up 2.6 cents from a week ago. Prices were lowest in the Gulf Coast region at 3.77 a gallon, down 0.7 cents. This is Marlana Anderson, with EIA, in Washington. For more information, contact Marlana

  7. Diesel prices decrease slightly

    Energy Information Administration (EIA) (indexed site)

    Diesel prices decrease slightly The U.S. average retail price for on-highway diesel fuel fell slightly to $3.84 a gallon on Monday. That's down 3-tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 3.98 a gallon, up 4-tenths of a penny from a week ago. Prices were lowest in the Gulf Coast region at 3.74 a gallon, down a tenth of a penny.

  8. Diesel prices flat nationally

    Energy Information Administration (EIA) (indexed site)

    Diesel prices flat nationally The U.S. average retail price for on-highway diesel fuel remained the same from a week ago at $3.98 a gallon on Monday, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the West Coast states at 4.14 a gallon, up 1.4 cents from a week ago. Prices were lowest in the Gulf Coast region at 3.90 a gallon, up a tenth of a penny.

  9. Diesel prices increase

    Energy Information Administration (EIA) (indexed site)

    Diesel prices increase The U.S. average retail price for on-highway diesel fuel rose to $3.84 a gallon on Monday. That's up 2.2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at $4.00 a gallon, up 2.2 cents from a week ago. Prices were lowest in the Gulf Coast region at 3.75 a gallon, up 8-tenths of a penny. This is Marlana Anderson, with EIA, in Washington. For more information, contact

  10. Diesel prices increase

    Energy Information Administration (EIA) (indexed site)

    Diesel prices increase The U.S. average retail price for on-highway diesel fuel rose to $3.90 a gallon on Monday. That's up 3 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 4.11 a gallon, up 4.2 cents from a week ago. Prices were lowest in the Gulf Coast states at 3.79 a gallon, up 1.7 cents.

  11. Diesel prices increase nationally

    Energy Information Administration (EIA) (indexed site)

    Diesel prices increase nationally The U.S. average retail price for on-highway diesel fuel rose to $3.91 a gallon on Monday. That's up 1.3 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the West Coast states at 4.07 a gallon, up 1 1/2 cents from a week ago. Prices were lowest in the Gulf Coast region at 3.83 a gallon, up 7-tenths of a penny.

  12. Diesel prices rise slightly

    Energy Information Administration (EIA) (indexed site)

    Diesel prices rise slightly The U.S. average retail price for on-highway diesel fuel rose slightly to $4.16 a gallon on Monday. That's up 2-tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 4.34 a gallon, up a penny from a week ago. Prices were lowest in the Rocky Mountain States at 4.06 a gallon, up 2 1/

  13. Diesel prices slightly decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices slightly decrease The U.S. average retail price for on-highway diesel fuel fell to $3.87 a gallon on Monday. That's down 1.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 3.98 a gallon, down 7-tenths of a penny from a week ago. Prices were lowest in the Gulf Coast region at 3.77 a gallon, down half a penny. This is Amerine Woodyard, with EIA, in

  14. Diesel prices slightly decrease

    Energy Information Administration (EIA) (indexed site)

    Diesel prices slightly decrease The U.S. average retail price for on-highway diesel fuel fell slightly to $3.84 a gallon on Monday. That's down 8-tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 3.98 a gallon, up 2-tenths of a penny from a week ago. Prices were lowest in the Gulf Coast region at 3.74 a gallon, down 7-tenths of a penny.

  15. Diesel prices slightly increase

    Energy Information Administration (EIA) (indexed site)

    Diesel prices slightly increase The U.S. average retail price for on-highway diesel fuel rose slightly to $3.87 a gallon on Monday. That's up 2-tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration. Diesel prices were highest in the New England region at 4.07 a gallon, up half a penny from a week ago. Prices were lowest in the Gulf Coast states at 3.77 a gallon, up 6-tenths of a penny.

  16. Fact #741: August 20, 2012 Historical Gasoline Prices, 1929-2011 |

    Office of Energy Efficiency and Renewable Energy (EERE) (indexed site)

    Department of Energy 1: August 20, 2012 Historical Gasoline Prices, 1929-2011 Fact #741: August 20, 2012 Historical Gasoline Prices, 1929-2011 When adjusted for inflation, the average annual price of gasoline in 2011 was $1.24 above the price of gasoline in 1929. The effect of the U.S. embargo of oil from Iran can be seen in the early 1980's with the price of gasoline peaking in 1982. From 2002 to 2008 the price of gasoline rose substantially, but then fell in 2009 during the economic

  17. Alabama Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 4.46 1967-2010 Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.46 5.80 5.18 4.65 4.93 3.91 1984-2015 Residential Price 15.79 15.08 16.20 15.47 14.62 14.13 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 99.0 1989-2015 Commercial Price 13.34 12.36 12.56 12.35 11.98 11.26 1967-2015 Percentage of Total Commercial Deliveries included in Prices 79.3 78.9 76.2 76.6 78.4 77.6

  18. Alaska Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 3.17 1967-2010 Exports Price 12.19 12.88 15.71 -- 15.74 7.49 1989-2015 Pipeline and Distribution Use Price 1970-2005 Citygate Price 6.67 6.53 6.14 6.02 6.34 6.57 1988-2015 Residential Price 8.89 8.77 8.47 8.85 9.11 9.64 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 8.78 8.09 8.09 8.34 8.30 8.01 1967-2015 Percentage of Total Commercial Deliveries

  19. Arizona Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 4.11 1967-2010 Exports Price 4.57 4.28 3.07 4.17 5.15 3.08 1989-2015 Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.59 5.91 4.68 4.73 5.20 4.38 1984-2015 Residential Price 15.87 15.04 15.75 13.92 17.20 17.04 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 10.72 9.99 9.35 8.76 10.34 10.53 1967-2015 Percentage of Total Commercial

  20. Colorado Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 3.96 1967-2010 Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.26 4.94 4.26 4.76 5.42 3.98 1984-2015 Residential Price 8.13 8.25 8.28 7.85 8.89 8.27 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 7.58 7.84 7.58 7.26 8.15 7.47 1967-2015 Percentage of Total Commercial Deliveries included in Prices 94.6 93.8 92.2 94.7 94.5 NA 1990-2015

  1. Connecticut Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.58 5.92 5.12 5.42 5.61 4.07 1984-2015 Residential Price 14.93 13.83 14.17 13.32 14.13 12.50 1967-2015 Percentage of Total Residential Deliveries included in Prices 97.3 96.8 96.7 95.3 95.9 96.3 1989-2015 Commercial Price 9.55 8.48 8.40 9.20 10.24 8.60 1967-2015 Percentage of Total Commercial Deliveries included in Prices 65.4 65.4 65.1 57.9 67.2 76.2 1990-2015 Industrial Price 9.60 9.16 8.83

  2. Delaware Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Pipeline and Distribution Use Price 1978-2005 Citygate Price 5.67 9.03 7.19 5.67 5.54 5.87 1984-2015 Residential Price 15.12 15.38 15.24 13.65 13.21 12.62 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 13.26 13.58 13.31 11.78 11.42 10.70 1967-2015 Percentage of Total Commercial Deliveries included in Prices 49.8 53.4 43.7 45.0 46.2 45.7 1990-2015 Industrial Price

  3. Florida Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price NA 1967-2010 Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.49 5.07 3.93 4.44 5.05 4.75 1984-2015 Residential Price 17.89 18.16 18.34 18.46 19.02 19.55 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 98.0 97.7 97.8 97.8 97.7 1989-2015 Commercial Price 10.60 11.14 10.41 10.87 11.42 10.92 1967-2015 Percentage of Total Commercial Deliveries included in Prices 100.0 38.5 37.0 33.3 32.3 NA

  4. Georgia Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Imports Price 4.39 4.20 2.78 3.36 4.33 2.83 1999-2015 Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.93 5.19 4.35 4.66 5.19 3.83 1984-2015 Residential Price 15.17 15.72 16.23 14.60 14.45 14.62 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 10.95 10.51 9.75 9.38 9.86 8.58 1967-2015 Percentage of Total Commercial Deliveries included in Prices 100.0

  5. Idaho Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Imports Price 4.19 3.90 2.59 3.34 4.14 2.34 1989-2015 Exports Price 5.85 4.74 -- 3.27 -- -- 1999-2015 Pipeline and Distribution Use Price 1967-2005 Citygate Price 4.82 4.65 4.07 3.93 4.29 3.95 1984-2015 Residential Price 8.95 8.80 8.26 8.12 8.54 8.59 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 8.21 8.09 7.35 7.29 7.70 7.59 1967-2015 Percentage of Total Commercial

  6. Illinois Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price NA 1967-2010 Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.52 5.09 4.11 4.43 6.28 3.82 1984-2015 Residential Price 9.39 8.78 8.26 8.20 9.59 7.97 1967-2015 Percentage of Total Residential Deliveries included in Prices 88.0 88.0 87.9 87.7 87.3 86.3 1989-2015 Commercial Price 8.76 8.27 7.78 7.57 8.86 7.29 1967-2015 Percentage of Total Commercial Deliveries included in Prices 42.3 38.1 36.8 38.4 38.5 36.1 1990-2015 Industrial

  7. Indiana Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 4.13 1967-2010 Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.52 4.97 4.23 4.38 5.63 4.03 1984-2015 Residential Price 8.63 9.46 8.94 8.43 9.02 8.92 1967-2015 Percentage of Total Residential Deliveries included in Prices 94.1 94.6 94.5 95.0 95.3 95.8 1989-2015 Commercial Price 7.55 8.04 7.69 7.59 8.19 7.61 1967-2015 Percentage of Total Commercial Deliveries included in Prices 72.5 70.2 67.4 68.2 67.6 67.0 1990-2015

  8. Iowa Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.69 5.27 4.84 4.95 6.24 4.29 1984-2015 Residential Price 9.57 9.54 9.46 8.99 10.02 8.51 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 7.81 7.55 7.13 6.97 8.15 6.50 1967-2015 Percentage of Total Commercial Deliveries included in Prices 72.0 72.1 72.2 72.5 74.4 NA 1990-2015 Industrial Price 6.10 5.78 4.70

  9. Kansas Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 4.23 1967-2010 Pipeline and Distribution Use Price 1967-2005 Citygate Price 6.08 5.53 4.74 4.98 6.10 4.59 1984-2015 Residential Price 10.61 9.93 10.12 10.19 10.59 10.17 1967-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 9.65 8.89 8.82 9.07 9.61 8.87 1967-2015 Percentage of Total Commercial Deliveries included in Prices 66.0 62.6 59.8 61.4 59.3 57.0

  10. Kentucky Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Wellhead Price 4.47 1967-2010 Pipeline and Distribution Use Price 1967-2005 Citygate Price 5.69 5.18 4.17 4.47 5.16 3.96 1984-2015 Residential Price 10.02 10.44 10.19 9.80 10.62 10.87 1967-2015 Percentage of Total Residential Deliveries included in Prices 95.7 95.5 95.9 96.2 96.3 96.3 1989-2015 Commercial Price 8.61 8.79 8.28 8.32 9.06 8.75 1967-2015 Percentage of Total Commercial Deliveries included in Prices 80.5 79.2 77.4 78.8 80.5 79.2 1990-2015

  11. Costs of Imported Crude Oil by API Gravity

    Energy Information Administration (EIA) (indexed site)

    1978; Form ERA-51, "Transfer Pricing Report," January 1979 through September 1982; Form EP-51, "Monthly Foreign Crude Oil Transaction Report," October 1982 through June 1984; Form...

  12. Chinese Oil Demand: Steep Incline Ahead

    Energy Information Administration (EIA) (indexed site)

    Chinese Oil Demand: Steep Incline Ahead Malcolm Shealy Alacritas, Inc. April 7, 2008 Oil Demand: China, India, Japan, South Korea 0 2 4 6 8 1995 2000 2005 2010 Million Barrels/Day China South Korea Japan India IEA China Oil Forecast 0 2 4 6 8 10 12 14 16 18 2000 2005 2010 2015 2020 2025 2030 Million Barrels/Day WEO 2007 16.3 mbd 12.7 mbd IEA China Oil Forecasts 0 2 4 6 8 10 12 14 16 18 2000 2005 2010 2015 2020 2025 2030 Million Barrels/Day WEO 2007 WEO 2006 WEO 2004 WEO 2002 Vehicle Sales in

  13. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    19.75 19.57 19.56 19.57 September ... 20.03 21.04 21.70 21.75 21.64 21.68 October ... 19.71 20.89 21.78 22.40 21.62 21.93 November...

  14. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    1996 January ... 15.43 16.17 17.31 17.98 17.48 17.74 February ... 15.54 16.86 17.81 18.10 17.77 17.95 March ......

  15. Crude Oil and Gasoline Price Monitoring

    Gasoline and Diesel Fuel Update

    ... U.S. exchange-traded futures positions by money managers 23 Sources: CFTC Commitment of Traders. October 13, 2016 thousands of contracts Net Money Manger open interest in all RBOB ...

  16. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    from Table 24. Refiner acquisition costs -- Energy Information Administration, Form FEA-P110-M-1, "Refiners' Monthly Cost Allocation Report," January 1978 through June 1978;...

  17. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    12.07 12.74 12.73 12.93 12.83 February ... 10.71 12.05 12.71 13.24 12.90 13.07 March ... 10.94 12.38 13.00 13.14 13.18 13.16 April...

  18. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    1993 January ... 14.70 15.24 16.36 17.40 16.80 17.11 February ... 15.53 16.09 17.12 17.84 17.41 17.64 March ......

  19. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    1997 January ... 21.76 21.19 22.21 24.25 23.02 23.59 February ... 19.38 18.99 19.98 22.49 20.88 21.64 March ......

  20. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    2000 January ... 23.53 24.56 25.61 25.79 25.29 25.49 February ... 25.48 26.51 27.01 27.80 27.39 27.55 March ......

  1. Summary Statistics Table 1. Crude Oil Prices

    Energy Information Administration (EIA) (indexed site)

    retail outlets, e.g., sales to agricultural customers, commercial sales, and industrial sales. Source: Energy Information Administration Form EIA-782A, "Refiners'Gas...

  2. U.S. gasoline prices at its lowest since February 2011 (short version)

    Energy Information Administration (EIA) (indexed site)

    U.S. crude oil output exceeds crude oil imports Estimated U.S. crude oil production in October surpassed U.S. crude oil imports on a monthly basis for the first time since February 1995. Domestic crude oil output averaged 7.7 million barrels per day in October... the highest production for any October in 25 years while ... U.S. crude oil imports were 7.6 million barrels per day last month according to the new monthly forecast from the U.S. Energy Information Administration. . Crude oil

  3. U.S. gasoline price expected to drop further below $3 per gallon

    Energy Information Administration (EIA) (indexed site)

    gasoline price expected to drop further below $3 per gallon The national average pump price of gasoline dropped below $3 per gallon last week for the first time in nearly four years. U.S. gasoline prices are expected to sink further below the $3 per gallon mark through the end of this year and average under $3 for the year in 2015. In its new short-term forecast, the U.S. Energy Information Administration said the average price for gasoline will continue to decline, reaching an average $2.80 per

  4. Heating Oil and Propane Update - Energy Information Administration

    Gasoline and Diesel Fuel Update

    Petroleum Reports Heating Oil and Propane Update Note: The heating season is over. Data for residential and wholesale prices for heating oil and propane will return in October 2016. ...

  5. Low prices harpoon Canada's mini-boom

    SciTech Connect

    Maciej, H. )

    1989-02-01

    The authors present an analysis of the year 1988 in the Canadian oil and gas industry. With budgets underpinned by price expectations of $17/bbl to $18/bbl for WTI crude, optimism pervaded industry at the beginning of the year. Budget plans called for total spending of some C$7.6 billion, an increase of 25% over the C$6.1 invested in 1987. Drilling plans would have made 1988 the fourth best year on record with total well completions close to the 9,000-well mark. The year started strongly, as prices performed close to expectations. When prices began to soften and no reversal was apparent, corporate expenditures began to be adjusted in the second half.

  6. Incremental pricing: a modern shell game

    SciTech Connect

    Hogan, T.M.

    1980-10-23

    The effects of the incremental pricing of natural gas - provided for by the Natural Gas Policy Act of 1978 - are discussed. Under this legislation, industrial rates will actually increase more than the amount required by incremental pricing. Some residential customers will subsidize others at rates that will be higher than those before incremental pricing, while other residential customers could conceivably receive free service. Meanwhile, a trend of customers shifting from one utility to another could develop. Although some utilities will be prevented economically from expanding their service areas, others will be granted economic advantages for expanding, leading in some instances to the possible violation of antitrust laws. Under the act, government tax revenues will ultimately be reduced and the costs of natural gas service will increase. In the end, natural gas utilities and their industrial customers will experience accusations of overpricing similar to those currently made against oil companies.

  7. Louisiana Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 2.53 2.43 2.46 3.16 3.79 3.64 1989-2016 Residential Price 10.51 11.33 13.40 14.16 16.27 16.97 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 7.77 7.19 7.33 7.26 NA 8.35 1989-2016 Percentage of Total Commercial Deliveries included in Prices 81.0 79.4 75.8 78.1 NA 75.4 1989-2016 Industrial Price 2.39 2.48 2.55 2.47 3.37 3.15 2001-2016

  8. Maine Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 7.53 3.58 3.81 5.37 5.29 NA 1989-2016 Residential Price 12.99 12.57 13.48 18.01 21.90 22.81 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 10.79 9.71 9.54 10.04 10.46 10.50 1989-2016 Percentage of Total Commercial Deliveries included in Prices 60.0 60.5 56.6 50.8 49.9 47.4 1989-2016 Industrial Price 8.51 8.46 5.78 5.55 5.58 5.99 2001-2016

  9. Maryland Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 4.34 3.89 4.57 7.14 8.80 NA 1989-2016 Residential Price 11.02 NA 12.63 16.04 20.13 21.29 1989-2016 Percentage of Total Residential Deliveries included in Prices 72.5 NA 71.6 72.3 71.5 71.7 2002-2016 Commercial Price 8.82 NA NA 9.79 11.50 11.65 1989-2016 Percentage of Total Commercial Deliveries included in Prices 28.4 NA NA 20.0 16.0 18.4 1989-2016 Industrial Price 8.62 7.63 7.42 NA NA NA 2001-2016 Percentage of Total

  10. Minnesota Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.77 2.94 2.98 3.49 3.88 4.28 1989-2016 Residential Price 8.01 7.58 10.50 12.19 NA 13.38 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 6.50 6.17 NA 7.39 8.14 7.78 1989-2016 Percentage of Total Commercial Deliveries included in Prices 83.9 83.5 NA 73.0 72.6 74.7 1989-2016 Industrial Price 3.65 3.35 4.25 3.71 4.11 4.09 2001-2016 Percentage

  11. Mississippi Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price NA 3.36 3.19 3.46 4.04 3.79 1989-2016 Residential Price 9.17 10.94 13.16 14.15 15.93 16.26 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 NA 100.0 NA 100.0 100.0 2002-2016 Commercial Price 7.87 8.09 7.56 7.08 7.65 7.53 1989-2016 Percentage of Total Commercial Deliveries included in Prices 86.0 82.7 80.2 79.9 79.6 81.2 1989-2016 Industrial Price 4.31 4.03 3.75 3.88 3.89 4.52 2001-2016 Percentage

  12. Nebraska Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 4.16 3.14 3.00 3.17 NA NA 1989-2016 Residential Price 6.98 7.83 9.61 12.95 15.24 15.70 1989-2016 Percentage of Total Residential Deliveries included in Prices 88.4 83.8 83.6 86.4 88.5 90.3 2002-2016 Commercial Price 5.32 4.86 4.64 5.02 5.44 6.02 1989-2016 Percentage of Total Commercial Deliveries included in Prices 62.1 57.4 56.3 55.7 54.6 62.3 1989-2016 Industrial Price 4.23 3.69 3.19 3.29 3.60 3.89 2001-2016 Percentage of

  13. Alabama Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.00 2.90 2.99 3.34 3.89 3.89 1989-2016 Residential Price 12.15 14.45 17.16 19.30 20.57 21.26 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 10.20 10.63 10.62 11.31 11.74 11.88 1989-2016 Percentage of Total Commercial Deliveries included in Prices 81.9 75.9 73.2 73.4 72.5 72.1 1989-2016 Industrial Price 3.21 3.22 2.97 3.34 3.98 3.81

  14. Wyoming Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.44 3.14 3.04 2.82 3.41 3.38 1989-2016 Residential Price 7.65 7.85 9.10 12.30 NA NA 1989-2016 Percentage of Total Residential Deliveries included in Prices NA 72.0 71.1 67.8 NA NA 2002-2016 Commercial Price 6.33 6.39 6.82 7.00 8.12 NA 1989-2016 Percentage of Total Commercial Deliveries included in Prices NA 54.1 55.5 41.4 NA NA 1989-2016 Industrial Price 3.56 3.87 NA NA NA NA 2001-2016 Percentage of Total Industrial

  15. Ohio Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.09 2.41 2.61 2.46 2.69 2.53 1989-2016 Residential Price 7.14 8.02 11.70 19.24 25.47 27.29 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 5.27 5.30 6.10 6.96 7.56 8.13 1989-2016 Percentage of Total Commercial Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2016 Industrial Price 4.20 NA 5.53 NA NA 6.71 2001-2016

  16. Oklahoma Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.58 3.73 3.83 4.77 5.51 5.39 1989-2016 Residential Price 8.93 10.97 16.74 19.82 24.73 29.01 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 6.80 8.11 10.91 12.34 13.84 15.07 1989-2016 Percentage of Total Commercial Deliveries included in Prices 45.7 41.9 29.6 31.9 29.3 26.9 1989-2016 Industrial Price 5.61 8.07 9.14 NA NA NA 2001-2016

  17. Oregon Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.48 3.97 4.47 4.97 5.59 5.08 1989-2016 Residential Price 11.93 13.59 15.03 15.63 NA 16.28 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 9.42 9.83 10.74 11.57 NA 10.18 1989-2016 Percentage of Total Commercial Deliveries included in Prices 94.5 93.7 93.6 93.0 NA 92.9 1989-2016 Industrial Price 5.59 5.24 5.14 6.49 5.29 5.43 2001-2016

  18. Pennsylvania Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.98 3.28 4.35 6.36 6.52 5.63 1989-2016 Residential Price 9.46 9.86 11.32 15.54 18.24 19.38 1989-2016 Percentage of Total Residential Deliveries included in Prices 87.1 87.3 86.9 87.1 87.6 87.8 2002-2016 Commercial Price 8.16 8.06 8.85 10.56 10.99 10.76 1989-2016 Percentage of Total Commercial Deliveries included in Prices 37.7 35.0 30.2 27.1 26.8 28.0 1989-2016 Industrial Price 7.21 6.72 NA NA 9.13 NA 2001-2016 Percentage of

  19. Texas Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.60 3.20 3.20 3.41 3.94 4.00 1989-2016 Residential Price 10.02 11.63 16.33 NA 19.33 22.75 1989-2016 Percentage of Total Residential Deliveries included in Prices 99.8 99.8 99.8 NA 99.8 99.8 2002-2016 Commercial Price 6.15 6.12 6.82 6.70 7.50 8.24 1989-2016 Percentage of Total Commercial Deliveries included in Prices 71.9 69.3 63.0 NA 64.2 61.3 1989-2016 Industrial Price 1.88 2.08 2.14 2.16 2.98 3.01 2001-2016 Percentage of

  20. Vermont Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 6.93 4.85 4.96 4.24 4.01 4.22 1989-2016 Residential Price 12.66 13.30 14.26 18.40 21.11 23.02 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 6.22 6.60 6.71 5.51 5.87 5.59 1989-2016 Percentage of Total Commercial Deliveries included in Prices 100 100 100 100 100 100 1989-2016 Industrial Price 4.96 4.93 5.13 4.97 5.61 5.31 2001-2016

  1. Washington Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price NA 3.43 3.85 3.57 4.56 4.35 1989-2016 Residential Price 9.96 9.45 9.90 NA NA 15.55 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 NA 100.0 100.0 2002-2016 Commercial Price 7.76 7.73 7.82 NA 9.06 9.54 1989-2016 Percentage of Total Commercial Deliveries included in Prices 87.4 81.4 81.4 NA 81.1 78.5 1989-2016 Industrial Price 7.39 7.31 7.25 8.07 7.67 7.69 2001-2016 Percentage of Total

  2. Connecticut Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.09 3.20 3.85 4.58 4.69 4.20 1989-2016 Residential Price 11.74 12.87 15.03 19.19 21.75 24.07 1989-2016 Percentage of Total Residential Deliveries included in Prices 96.4 96.2 95.4 95.3 96.0 95.6 2002-2016 Commercial Price 7.93 9.37 9.87 11.82 11.16 11.75 1989-2016 Percentage of Total Commercial Deliveries included in Prices 79.9 75.9 72.9 70.8 NA NA 1989-2016 Industrial Price 5.84 6.84 6.58 6.05 6.19 6.17 2001-2016 Percentage

  3. Delaware Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 4.70 5.03 6.24 8.53 8.77 8.50 1989-2016 Residential Price 10.24 11.47 13.44 17.54 21.34 24.20 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 8.79 9.33 10.03 10.87 11.51 12.11 1989-2016 Percentage of Total Commercial Deliveries included in Prices 47.8 40.8 35.9 31.2 26.5 24.2 1989-2016 Industrial Price 8.29 7.85 8.62 8.93 NA 10.31 2001-2016

  4. Georgia Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.21 3.19 3.37 3.44 4.32 4.01 1989-2016 Residential Price 12.90 16.27 20.07 24.64 25.97 25.99 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 7.33 7.89 8.11 8.44 9.05 9.27 1989-2016 Percentage of Total Commercial Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2016 Industrial Price 3.46 3.45 3.50 3.54 4.14 4.25

  5. Hawaii Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    2010 2011 2012 2013 2014 2015 View History Citygate Price 22.94 31.58 32.39 28.45 26.94 18.11 1984-2015 Residential Price 44.50 55.28 52.86 49.13 47.51 40.08 1980-2015 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 1989-2015 Commercial Price 36.55 45.58 47.03 41.92 40.42 31.17 1980-2015 Percentage of Total Commercial Deliveries included in Prices 100 100 100 100 100 100 1990-2015 Industrial Price 24.10 29.80 30.89 27.56 26.75 19.03 1997-2015

  6. Hawaii Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 13.19 14.19 16.20 17.26 13.54 13.33 1989-2016 Residential Price 36.99 36.85 39.90 42.55 34.76 34.86 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 27.26 28.09 30.04 32.82 25.24 25.57 1989-2016 Percentage of Total Commercial Deliveries included in Prices 100 100 100 100 100 100 1989-2016 Industrial Price 13.73 14.45 15.05 16.92 16.51 16.03

  7. Idaho Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.67 2.79 3.22 NA NA 2.69 1989-2016 Residential Price 8.76 8.91 9.18 9.77 9.85 10.13 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 7.59 7.80 7.69 7.79 7.70 7.62 1989-2016 Percentage of Total Commercial Deliveries included in Prices 76.5 67.4 62.4 59.8 58.9 61.4 1989-2016 Industrial Price 5.46 5.50 5.44 5.46 5.43 5.46 2001-2016 Percentage

  8. Illinois Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.33 3.39 3.10 NA 4.25 4.66 1989-2016 Residential Price 7.08 7.53 10.49 12.62 16.50 17.33 1989-2016 Percentage of Total Residential Deliveries included in Prices 84.5 84.7 82.9 86.3 85.7 86.0 2002-2016 Commercial Price 6.50 6.99 9.47 10.92 12.25 NA 1989-2016 Percentage of Total Commercial Deliveries included in Prices 35.3 32.6 24.9 23.8 22.0 NA 1989-2016 Industrial Price 4.69 4.89 NA 5.43 NA 7.08 2001-2016 Percentage of Total

  9. Indiana Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.45 2.91 3.25 4.35 5.21 4.89 1989-2016 Residential Price 7.97 NA 9.95 16.30 18.70 18.38 1989-2016 Percentage of Total Residential Deliveries included in Prices 95.3 NA 95.2 95.0 95.1 95.6 2002-2016 Commercial Price 6.94 NA 7.09 9.37 10.99 10.00 1989-2016 Percentage of Total Commercial Deliveries included in Prices 64.0 NA 59.6 54.1 53.6 50.7 1989-2016 Industrial Price 4.67 4.39 4.10 4.96 5.70 5.93 2001-2016 Percentage of

  10. Iowa Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.83 3.41 3.43 4.16 4.64 NA 1989-2016 Residential Price 7.43 NA 8.90 NA 16.33 17.64 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 5.81 5.49 5.70 7.31 7.98 8.15 1989-2016 Percentage of Total Commercial Deliveries included in Prices 68.7 69.5 61.1 56.5 53.5 49.0 1989-2016 Industrial Price 4.68 4.27 3.92 4.22 4.15 4.18 2001-2016 Percentage of

  11. Kansas Natural Gas Prices

    Energy Information Administration (EIA) (indexed site)

    Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 View History Citygate Price 3.56 4.41 4.57 5.64 5.33 5.55 1989-2016 Residential Price 9.52 11.40 13.83 19.39 20.30 21.53 1989-2016 Percentage of Total Residential Deliveries included in Prices 100.0 100.0 100.0 100.0 100.0 100.0 2002-2016 Commercial Price 8.88 NA NA 12.73 13.12 13.55 1989-2016 Percentage of Total Commercial Deliveries included in Prices 52.4 NA NA 32.8 30.2 31.8 1989-2016 Industrial Price 4.20 NA 3.28 3.24 3.51 3.64 2001-2016 Percentage

  12. Residential propane price decreases

    Energy Information Administration (EIA) (indexed site)

    Residential propane price decreases The average retail price for propane is $2.05 per gallon, down 1.6 cents from last week, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.49 per gallon, up 5-tenths of a cent from last week, and up 7.5

  13. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    Residential propane price increases The average retail price for propane is $2.05 per gallon, up 3.5 cents from last week, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.46 per gallon, up 3.9 cents from last week, and up 8.3 cents

  14. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    Residential propane price increases The average retail price for propane is $2.07 per gallon, up 1.4 cents from last week, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.47 per gallon, up 1.5 cents from last week, and up 8.5 cents from a year ago.

  15. Residential propane price increases

    Energy Information Administration (EIA) (indexed site)

    Residential propane price increases The average retail price for propane is $2.06 per gallon, down 9-tenths of a cent from last week, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.48 per gallon, up 8-tenths of a cents from last week, and up 6.8

  16. Natural Gas Wellhead Price

    Energy Information Administration (EIA) (indexed site)

    Wellhead Price Marketed Production Period: Monthly Annual Download Series History Download Series History Definitions, Sources & Notes Definitions, Sources & Notes Show Data By: ...

  17. Price-Anderson Act

    Energy.gov [DOE]

    The Price-Anderson Act (PAA) provides a system of indemnification for legal liability resulting from a nuclear incident in connection with contractual activity for DOE.

  18. STEO September 2012 - oil production

    Energy Information Administration (EIA) (indexed site)

    oil production forecast to rise almost 700,000 bpd this year, help cut U.S. petroleum imports U.S. crude oil production is expected to average 6.3 million barrels per day in 2012. That's up nearly 700,000 barrels per day from last year and the highest annual oil output since 1997 says the U.S. Energy Information Administration in its new monthly short-term energy outlook for September. EIA analyst Sam Gorgen explains: "Higher oil supplies, especially from North Dakota and Texas, boosted

  19. Oil market outlook and drivers

    Gasoline and Diesel Fuel Update

    Oil inventories in industrialized countries to reach record high at end of 2015 The amount of year-end oil inventories held in industrialized countries is expected to be the highest on record in 2015. In its monthly forecast, the U.S. Energy Information Administration said it expects commercial oil inventories in the United States and other industrialized countries to total 2.83 billion barrels at the end of this year almost 90 million barrels more than at the end of 2014. Global oil production

  20. Heading off the permanent oil crisis

    SciTech Connect

    MacKenzie, J.J.

    1996-11-01

    The 1996 spike in gasoline prices was not a signal of any fundamental worldwide shortage of crude oil. But based on a review of many studies of recoverable crude oil that have been published since the 1950s, it looks as though such a shortfall is now within sight. With world demand for oil growing at 2 percent per year, global production is likely to peak between the years 2007 and 2014. As this time approaches, we can expect prices to rise markedly and, most likely, permanently. Policy changes are needed now to ease the transition to high-priced oil. Oil production will continue, though at a declining rate, for many decades after its peak, and there are enormous amounts of coal, oil sands, heavy oil, and oil shales worldwide that could be used to produce liquid or gaseous substitutes for crude oil, albeit at higher prices. But the facilities for making such synthetic fuels are costly to build and environmentally damaging to operate, and their use would substantially increase carbon dioxide emissions (compared to emissions from products made from conventional crude oil). This paper examines ways of heading of the impending oil crisis. 8 refs., 3 figs.