Energy Economy

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Is Clean Energy Adoption Driving Down Oil Prices?

Crude oil prices rose more than 5% last Friday, but they gave back some of those gains on Monday as the price for West Texas Intermediate (WTI) crude for February ...
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Gas Prices Drop Below $2 in 5 Cities

Gasoline has breached below $2 in a number of gas stations around the country. It has fallen below that level in five large cities, based on the price of an ...
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refilling the car

U.S. Average Gas Price Drops Below $2.50 for First Time in 5 Years

The average price of a gallon of gasoline in the United States has dropped to $2.48, the lowest price since October 2009. And the holiday cheer will continue, as prices ...
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Natural Gas Price Slumps After Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 64 billion cubic feet for the week ending December 12. That compared with an ...
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Crude Oil Price Hammered by Jump in Gasoline Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 800,000 barrels last week, maintaining a total U.S. commercial crude ...
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refilling the car

Gas Prices Drop Below $2.20 in Five Cities

Oil prices continue to fall and have dropped below $55, a huge plunge from nearly $100 in June. The drop has been so quick that it is not entirely reflected in ...
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Is $40 Oil Coming?

Depending on where you buy the stuff, crude oil already sells for less than $50 a barrel. Friday’s closing price for West Texas Intermediate (WTI) crude for January delivery was ...
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Gas Prices at 5-Year Low

The average price of a gallon of gasoline in the United States dropped two cents overnight to $2.60, the lowest the average price has been since December 27, 2009. Pump ...
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What the Federal Government Loses in Royalties From Cheap Oil

West Texas Intermediate (WTI) crude oil has traded below $60 since the current trading session started on Thursday evening. The price has posted yet another five-year low at $58.80 and ...
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Blue flames of gas stove

Natural Gas Price Rises as Weather Is Expected to Turn Colder

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 51 billion cubic feet for the week ending December 5, compared with an expected ...
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12 Cities Where Gas Is Above $3

As gasoline prices crash toward $2 in many markets in the United States, the drivers in some cities still have to pay over $3 per gallon for an average gallon ...
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Is This Becoming the Second Worst Oil Chart of the Modern Era?

Finding a bottom in the price of oil has become an elusive game of cat and mouse -- or maybe a game of dollars versus logic. What is amazing to ...
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Crude Oil Price Crushed by Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.5 million barrels last week, maintaining a total U.S. commercial ...
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World Demand for OPEC Crude to Fall in 2015

The Organization of Petroleum Exporting Countries (OPEC) released its December Oil Market Report Wednesday morning, and the cartel said that demand will fall and supply will rise in 2015. No ...
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Exxon’s 25-Year Energy Outlook

Exxon Mobil Corp. (NYSE: XOM) on Tuesday released its “2015 Outlook for Energy: A View to 2040” in which the company makes some projections on the supply and demand for ...
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