Energy Economy

California

Gas Price Above $3 in California

The national average price for a gallon of gasoline on Sunday morning is $2.429. The highest price among all 50 states is California’s $3.205 per gallon, more than a nickel ...
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Gas Can

Gas Price Still Above $3 In California

California suffers from a perfect storm of conditions which keep gas prices high. While most states have prices of an average gallon of regular below $2.50, California's is $3.21. And in ...
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Yemen Map

If Yemen Can Help Move Crude Prices, Here Is Its Economy by the Numbers

The stock market may have tanked on Wednesday, but geopolitical risk from Yemen was one of the excuses that was used for the rally in oil on this day. It ...
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Crude Oil Price Gains Despite Another Large Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.17 million barrels last week, maintaining a total U.S. commercial ...
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ten dollar bills

Oil Starts Move Down to $20

CNBC ran an article about a prediction by FACTS Global Energy that oil could drop to $35 a barrel soon, and then go much lower. Saudi officials say they will keep production ...
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Cities Where Gas Is Plunging Toward $2

When oil prices dropped toward $45 in early February, gasoline prices followed, moving below $2 a gallon in some parts of the country. Now crude prices have dropped below $45 and ...
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Blue flames of gas stove

Natural Gas Price Tumbles After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 45 billion cubic feet for the week ending March 13. Analysts expected a drawdown ...
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Crude Price Slammed on Another Huge Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.6 million barrels last week, maintaining a total U.S. commercial ...
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Another Chance for $20 Oil

When oil prices dropped below $50 a barrel early this year, several analysts said $20 oil prices where entirely possible by the end of the 2015. Oil prices have begun ...
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oil storage terminal

Are US Oil Tanks Really About to Overflow?

Over the past several weeks, the U.S. Energy Administration Administration (EIA) has reported very large increases in the amount of crude oil in U.S. storage tanks. In the past four ...
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IEA Reports Oil Supply Outstrips Demand

The International Energy Agency (IEA) issued its monthly Oil Market Report on Friday morning. In the March report the IEA said that global crude oil supplies rose by 1.3 million ...
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Offshore wind power

Wind Power Faces Troubled Future

The U.S. Department of Energy has laid out its case for an expanded role of wind power in America's future. One of the most important aspects of the "Wind Vision: ...
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Blue flames of a gas stove

Natural Gas Price Steady on Report of Large Withdrawal

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 198 billion cubic feet for the week ending March 6. Analysts expected a drawdown ...
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Crude Price Battered After Another Huge Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4.5 million barrels last week, maintaining a total U.S. commercial ...
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Drilling rig

Oil Price Crash a Blessing in Disguise for US Shale

By Mark A. Hill for Oilprice.com Despite the doom & gloom, something new is happening in the oil industry. You need to prepare for the coming surge. One of the ...
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