Energy Economy

Gasoline Prices Climbing, but Price Spike Unlikely to Be Sustained

Gasoline prices are rising along with summer temperatures, as the price of fuel rose two cents to $2.28 per gallon Monday, according to gas-price website GasBuddy. Motorists in 42 states ...
Read Full Story »

Saudi Arabia Takes Brunt of New OPEC Restrictions

It's no secret that the production cuts initiated in January by the Organization of Petroleum Exporting Countries (OPEC), Russia and their allies have done little to raise the price of crude ...
Read Full Story »

Oil Rig Count Up by 393 From Year Ago; Crude Oil Price Inches Higher

The number of rigs drilling for oil in the United States in the week ended July 21 totaled 764, up by 393 from a year ago. Including 186 other rigs ...
Read Full Story »

Natural Gas Price Ticks Down Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 28 billion cubic feet for the week ending July 14. Analysts surveyed by S&P ...
Read Full Story »

U.S. Gas Prices Could Top 2017 High by End of Summer

The national average price for a gallon of regular gasoline Thursday morning is $2.28 a gallon, but that price could rise by more than 10 cents a gallon by the ...
Read Full Story »

Crude Oil Price Hops Higher on Big Inventory Drop

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 4.7 million barrels last week, maintaining a total ...
Read Full Story »

Electricity Jolts Worldwide Energy Investments in 2016 That Totaled $1.7 Trillion

In its 2017 World Energy Investment report released last week, the International Energy Agency (IEA) estimated total global investment of $1.7 trillion or about 2.2% of global gross domestic product ...
Read Full Story »

Crude Oil Price Rises Ahead of Inventory Report as Dollar Falls

On Wednesday the U.S. Energy Information Administration (EIA) will report the status of the country's commercial inventories of crude oil and refined petroleum products. Oil traders are behaving Tuesday as ...
Read Full Story »

U.S. Gas Prices Bounce Around as Demand Reaches Peak; 4 States Average Less Than $2 Per Gallon

The week after the long Independence Day holiday weekend saw a bit of a bounce in gasoline prices, but last week U.S. drivers were treated once again to falling pump ...
Read Full Story »

EIA: Shale Patch Production to Climb 113,000 Barrels a Day in August

The U.S. Energy Information Administration (EIA) on Monday released its July report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
Read Full Story »

Dallas Fed Report Mixed on Permian Basin

Last week the Federal Reserve Bank of Dallas issued a brief summary report on employment, production, and new drilling in the Permian Basin of West Texas. In general, the report ...
Read Full Story »

US Electricity Grid Study May Hold Some Surprises

Shortly after Energy Secretary Rick Perry was confirmed by the Senate in April, he ordered a review of the country's electricity grid, paying special attention to whether policies that encourage ...
Read Full Story »

Gas Prices Drop Below $2 in Five States

Gas prices continue to slide. They have dropped below $2 in five states. And, in several more, the price for the average gallon of regular is close to that threshold. ...
Read Full Story »

Oil Rig Count Rises by 2, Crude Oil Price Dips

In the week ended July 14, 2017, the number of rigs drilling for oil in the United States totaled 765, up by two compared with the prior week and up ...
Read Full Story »

Natural Gas Price Inches Higher Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 57 billion cubic feet for the week ending June 30. Analysts surveyed by S&P ...
Read Full Story »