gasoline Archives - Page 7 of 7

California Importing 10X More Gasoline after Torrance Refinery Outage Spiked Prices

October 13, 2015

Supply from India, Russia and the UK Heading to the West Coast Gasoline prices in California has historically been among the highest in the United States, and the drop in supply after a refinery shutdown earlier this year is not helping. The Energy Information Administration (EIA) reports gasoline imports to California increased tenfold in the five months following a refinery

Holiday Weekend Road Trip: Gasoline Prices Mirror Last Year - Oil & Gas 360

California Drops 50% Oil Cut from Senate Bill

September 10, 2015

The California Senate removed requirements for a 50% reduction in petroleum use from SB 350 The California legislature passed a law today setting higher renewable energy use and fuel standards, but without a portion of the bill that would have called for a 50% reduction in petroleum use by 2030. The bill, Senate Bill 350, prompted a backlash from the

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

U.S. Loosens Crude Oil Export Ban

August 20, 2015

Crude oil swap with Mexico approved The United States will start to export light crude oil to Mexico as part of a crude oil swap, leading the U.S. another step closer to lifting the ban on exporting crude oil. The deal has already been approved by the Obama administration, although the details about how many barrels will be allowed in

Oil Prices Fall Below $44 as Rigs Continue Climb

August 7, 2015

Oil rig counts climb for third straight week The total number of rigs actively drilling in the United States rose by ten this week, reaching 884, according to the latest rig count from Baker Hughes (ticker: BHI). The number of rigs drilling for oil rose for the third straight week to 670 while rigs drilling for gas increased by four

Refinery Inputs Reach Record-High 17 Million Barrels per Day

August 7, 2015

The rolling four-week average of refinery inputs exceed the five-year average every week this year Gross inputs to U.S. refineries exceed 17 million barrels per day (MMBOPD) in each of the past four weeks, the highest level of refinery inputs seen by the Energy Information Administration (EIA) since the organization began publishing weekly data in 1990. Inputs have been above

Refining Margins at Several Year Highs

May 20, 2015

Lower crude prices and higher demand for gasoline driving higher margins Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. A recent note from the Energy Information Administration (EIA), looked at crack spreads in order to get an idea of refiner profitability. In April 2015, wholesale conventional gasoline in

Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

January 13, 2015

United States refineries are running at utilization rates well above 90%, but don’t count them as part of the oil and gas industry being squeezed in the current commodity market. The Energy Information Administration (EIA) still expects domestic production to increase in 2015 (albeit, at slightly lower numbers than before), and refiners are prepared to take advantage of margins that

Chart of the Week: 2014 Measured by Gasoline Prices

December 30, 2014

Listed below are gas prices for the Denver, Houston and New York metropolitan areas for 2014. All have dropped roughly $1.00 on a year-over-year basis, with prices in Denver and Houston dropping by roughly 33% compared to last December and as much as 45% since the summer. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom,

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