U.S. gasoline and diesel prices declined slightly the week after their March 14 peak

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update On March 21, the U.S. regular retail gasoline price across all formulations (conventional and reformulated) averaged $4.24 per gallon (gal), and the…

Continue ReadingU.S. gasoline and diesel prices declined slightly the week after their March 14 peak
Read more about the article Oil prices rebound as growing political tensions fuel supply fears
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo

Oil prices rebound as growing political tensions fuel supply fears

LONDON, Jan 25 (Reuters) - Oil prices bounced back on Tuesday, recovering some of the previous day's losses, as growing tension in Eastern Europe and the Middle East fueled concerns…

Continue ReadingOil prices rebound as growing political tensions fuel supply fears
Read more about the article Crude oil prices increased in 2021 as global crude oil demand outpaced supply
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Crude oil prices increased in 2021 as global crude oil demand outpaced supply

Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy…

Continue ReadingCrude oil prices increased in 2021 as global crude oil demand outpaced supply
Read more about the article EIA forecasts U.S. winter natural gas bills will be 30% higher than last winter
Source: U.S. Energy Information Administration, Winter Fuels Outlook

EIA forecasts U.S. winter natural gas bills will be 30% higher than last winter

Source: U.S. Energy Information Administration, Winter Fuels Outlook In our latest Winter Fuels Outlook, we forecast that U.S. households that primarily use natural gas for space heating will spend an average of $746…

Continue ReadingEIA forecasts U.S. winter natural gas bills will be 30% higher than last winter
Read more about the article Additional pipeline capacity from Canada to the United States could displace some crude oil by rail
Image courtesy of EIA.gov

Additional pipeline capacity from Canada to the United States could displace some crude oil by rail

On October 1, 2021, the Enbridge Inc. Line 3 replacement pipeline became fully operational, delivering crude oil from Edmonton, Alberta, to Superior, Wisconsin. The pipeline’s start comes seven years after…

Continue ReadingAdditional pipeline capacity from Canada to the United States could displace some crude oil by rail