Energy Economy

Blue flames of a gas stove

Natural Gas Build Only a Fraction of Needed Recovery

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 4 billion cubic feet for the week ending April 4, compared with an expected ...
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crude oil prices

Why Gasoline Prices Have to Beware Shrinking Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4 million barrels last week, maintaining a total U.S. commercial ...
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refilling the car

EIA Predicts Gasoline Price Hike to Continue

The most recent forecast from the U.S. Energy Information Administration calls for the average price of a gallon of gasoline to rise to a peak of $3.66 in May before ...
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fuel gauge

Gas Prices Surge to Eight-Month High

Several major surveys of gasoline prices show that the average price of a gallon of regular has reached an eight-month high. Depending on the source, that price is about $3.60. ...
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Fuel pump in fuel tank

Gas Prices Race Toward $4 in Parts of U.S.

California has taken the largest hit in the sharp increase in gasoline prices. The average price of a gallon of regular in the nation’s largest state recently rose above $4. ...
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Amazon.com logo

Why Amazon Is Tech’s Biggest Polluter

Amazon.com Inc. (NASDAQ: AMZN) is taking a few lumps today in a new report from Greenpeace that claims that the some firms, including Amazon Web Services (AWS) base their electrical ...
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Gasoline pump

Why Americans Don’t Care About Gas Prices

Gasoline prices have risen steadily for almost two months, but so far at least, Americans do not seem to care. According to AAA, just over half of all Americans -- ...
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Blue flames of a gas stove

Will Natural Gas Prices Ignore Supply Data?

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 74 billion cubic feet for the week ending March 28. That compared with an ...
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refilling the car

Gas Prices Jump Above $4 Across California

California recently has taken the largest hit in the sharp increase in gasoline prices. The average price of a gallon of regular in the nation's largest state sits at $3.99. ...
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DOE Shows Refineries Running at Almost Full Capacity

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.4 million barrels last week, maintaining a total U.S. commercial ...
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fuel gauge

Gas Prices May Reach $3.75 This Spring

The national average price for a gallon of gasoline on the last day of March is $3.555, its highest daily average since September. The average price for March is 17 ...
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US SPR

Why Does the Strategic Petroleum Reserve Contain 700 Million Barrels?

The U.S. Strategic Petroleum Reserve (SPR) currently holds 695.9 million barrels of oil and has a total capacity of 727 million barrels. And unless it is under consideration as an ...
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Blue flames of a gas stove

Natural Gas Supply a Continued Boom for Producers

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 57 billion cubic feet for the week ending March 21. That compared with an ...
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Oil pumpjack

U.S. Oil Now 10% of World Total

The United States now produces 10.4% of the world’s crude oil, or 7.84 million barrels of crude oil a day. Of that total, 3.22 million barrels (43%) come from tight ...
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153715598

U.S. Gasoline Inventory Tanks, Even While Crude Supply Surges

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 6.6 million barrels last week, maintaining a total U.S. commercial ...
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