This Week In Petroleum Gasoline Section - U.S. Energy Information ...

Jan 8, 2025 · Gasoline Production, Imports, Stocks, Supply, Prices by Grade and Sales Type, Retail City Average Prices, Data and Analysis from the Energy Information Administration. ...

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US Breaks Dependence On Gasoline Imports - OilPrice.com

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Nov 17, 2024 · - US refiners saw their average earnings per share decline to 25 cents this past quarter from $4.75 per barrel in Q3 2023 and $4.85 per barrel in Q3 2022. - Nevertheless, …

oilprice.com

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U.S. Crude Oil Stockpiles Fall Amid Decline In Imports

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Nov 27, 2024 · Gasoline demand increased by 87,000 barrels a day to 8.5 million barrels a day. Distillate fuel stocks rose by 416,000 barrels to 114.7 million barrels, and were 5% below the …

morningstar.com

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Crude Gains As Weekly EIA Gasoline And Distillate Supplies Decline

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Nov 15, 2024 · Today's EIA report showed that (1) US crude oil inventories as of November 8 were -4.4% below the seasonal 5-year average, (2) gasoline inventories were -4.3% below the …

nasdaq.com

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In 2024, U.S. Retail Gasoline Prices Averaged About 20 Cents Less …

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Jan 7, 2025 · The U.S. retail price for regular grade gasoline averaged $3.30 per gallon (gal) in 2024, $0.21/gal less than in 2023. Lower crude oil prices and narrower refinery margins in …

eia.gov

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Gas Prices Will Fall As Global Oil Supply Outpaces Demand, EIA …

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18 hours ago · US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting …

businessinsider.com

FAQs about This Week In Petroleum Gasoline Section - U.S. Energy Information ... Coupon?

Why is the US a major exporter of gasoline?

With less demand for gasoline domestically, the US has become a significant exporter of gasoline, even states such as California. Exports of gasoline, diesel, and jet fuel accounted for about 21% of the record 10.1 million barrels per day of crude oil and petroleum products that the US exported in 2023. ...

What happened to US crude oil imports & exports?

Net U.S. crude imports (USOICI=ECI) fell by 605,000 bpd to 1.7 million bpd, as exports ticked up 149,000 bpd to 4.3 million bpd. Imports of crude oil from Saudi Arabia fell to their lowest point last week since January 2021, at just 13,000 bpd, down from 150,000 bpd on the week. ...

What drives gasoline prices?

Crude oil prices are the primary driver of U.S. gasoline prices, making up 55% of the total cost to produce a gallon of gasoline. U.S. gasoline prices vary regionally, reflecting local supply and demand conditions, different fuel specifications required by state laws, and taxes. ...

What happened to crude & gasoline futures?

U.S. gasoline futures extended gains after the data, while U.S. crude and Brent crude futures were little changed. Crude stocks fell by 515,000 barrels to 425.5 million barrels, the EIA said, compared with analysts' expectations for a 2.3 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) rose by 681,000 barrels. ...

Why did gasoline prices drop in California this fall?

Less gasoline demand than usual this fall and an early transition to winter-blend gasoline in California helped accelerate the decline in prices. Regulations on gasoline vapor pressure allow refiners to switch to less expensive components to produce gasoline in the fall, which tends to reduce gasoline prices. ...

How does OPEC reducing oil demand affect gasoline prices?

Regulations on gasoline vapor pressure allow refiners to switch to less expensive components to produce gasoline in the fall, which tends to reduce gasoline prices. Despite crude oil production cuts by OPEC+ members over the last year, concerns about slowing economic growth reducing world oil demand have continued to push crude oil prices down. ...