Energy Economy

Two Dollars

Gas Prices Jump Above $2 in 42 States

The average price for a gallon of regular gasoline reached $2.20 recently, up from $2.04 a month ago and $2.56 a year ago. The benefit of cheap oil has started ...
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ThinkstockPhotos-488849483

Natural Gas Price Slips Further After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 73 billion cubic feet for the week ending April 22. Analysts were expecting a ...
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gas pipeline

8 Real Reasons Natural Gas Could Skyrocket Over the Next Year

Wall Street usually is a very rear-view mirror kind of place, where decisions are made after a dramatic market move already has happened. Just this week, Goldman Sachs raised its sector ...
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Oil Barrels

Crude Oil Price Gains Dip Following Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2 million barrels last week, maintaining a total U.S. commercial ...
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falling oil prices

US Q1 Oil Production Down 370,000 Barrels a Day

Crude oil production in the United States for the first three months of 2016 averaged 9.11 million barrels a day. That's 370,000 barrels a day below the first-quarter 2015 average of ...
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Coit Tower

Gas Prices Move Toward $3 in San Franciso

It has been a long time since the price of an average gallon of regular gasoline topped $3 anywhere in the United States. The price is close to that in ...
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Gas Pump

Gas Prices Move Up on Higher Demand

The average price across the United States for a gallon of regular gasoline last week rose two cents to $2.14, as of Monday morning. Diesel fuel prices also rose to an ...
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fracking

Oil Rig Count Drops by 8, Hedge Funds Dump More Short Contracts

In the week ended April 22, the number of rigs drilling for oil in the United States totaled 343, compared with 351 in the prior week and 703 a year ...
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Oil platform on sea

No Oil Production Cuts From Russia, Saudi Arabia

Even if there had been some agreement last week at the Doha meeting of oil-producing countries, it would not have made any significant difference in global production totals. At best ...
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Blue Flame

Natural Gas Price Ticks Down on Inventory Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 7 billion cubic feet for the week ending April 15. Analysts were expecting a ...
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Oil Barrels

Crude Oil Prices Cut Losses on Smaller Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.1 million barrels last week, maintaining a total U.S. commercial ...
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GasStationPump

Premium Gasoline Prices Retreat From 2-Decade High: How We Got There

According to the latest numbers from the U.S. Energy Information Administration (EIA), 11.2% of all gasoline sold at gas stations in the United States is premium grade. So, with regular ...
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Pumping Gas

Why Higher Gas Prices Should be Short-Lived

The average price across the United States for a gallon of regular gasoline last week jumped 6.8 cents to $2.12, as of Monday morning. Diesel fuel prices fell to an ...
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Oil worker

Oil Prices Whipsawed by Doha Failure, Kuwaiti Strike

Oil field workers in Kuwait walked off their jobs Sunday, cutting production from the country by 60%. The strike was timed to coincide with the producing nations' meeting taking place ...
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falling oil prices

Will Oil Prices Drop to $20?

It was only four months ago that several prominent analysts said oil would drop as low as $20 a barrel. The recent run-up in prices had turned them into fools. However, ...
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