Energy Economy

Global Renewable Energy Investments to Reach $13.3 Trillion Through 2050

Worldwide demand for electricity is expected to rise 62% by 2050 and global generating capacity will nearly triple to meet that increased demand. Over the next 30 years, the total ...
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Good News for Roadtrippers: Gas Prices Fall in All 50 States

U.S. retail gasoline pump price increases fell by more than 6 cents last week to a national average of $2.67 for a gallon of regular gas. The price of crude ...
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Green Electricity Outshines Coal for the First Time in US

U.S. electricity generation is (slowly) going green. At the end of April, power generation capacity from renewable sources (hydropower, biomass, geothermal, solar and wind) for the first time surpassed the ...
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Gas Prices Plunge, Hit Lowest Average Since Early April

U.S. retail gasoline pump price increases fell by 7.1 cents last week to a national average of $2.73 for a gallon of regular gas. Although the price of crude oil ...
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Can OPEC and Russia Combined Stop Falling Oil Prices?

Monitoring the price of oil in a macroeconomic situation with volatile financial markets can get a bit tricky. Now that oil officially has entered into a bear market by falling ...
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Gas Prices Fall for Fourth Straight Week

U.S. retail gasoline pump price increases fell by 1.6 cents last week to a national average of $2.81 for a gallon of regular gas. Crude oil dropped by about 14% ...
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Gas Prices Expected to Continue Sliding

U.S. retail gasoline pump price increases fell by nearly three cents last week to a national average of $2.82 for a gallon of regular gas on the Memorial Day holiday ...
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Gas Prices Jump Above $3 in These 10 States Ahead of Memorial Day

A new report from AAA shows that 43 million Americans will travel over the holiday weekend. They will face fairly high gasoline prices, which will sting particularly in 10 states ...
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Oil Producers Have Finally Found a Way to Appear Environmentally Friendly — and It Doesn’t Cost Them a Thing

At its annual general meeting in Aberdeen, Scotland, this week, just over 99% of BP PLC (NYSE: BP) shareholders approved a binding resolution proposed by investor group Climate Action 100+ ...
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IEA Oil Demand Growth Estimate Dips

Global demand estimates for crude oil dropped by 70,000 barrels in 2018 and by 90,000 barrels a day in 2019, according to the latest Oil Market Report from the International ...
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Why Gas Prices May Fall by Up to 20 Cents by Memorial Day

U.S. retail gasoline pump prices fell by nearly four cents last week to a national average of $2.85 for a gallon of regular gas. Worries over a further slowing of ...
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Gas Prices Predicted to Fall by Memorial Day

Last year, the highest pump prices for gasoline came just ahead of the Memorial Day holiday weekend. The national average price reached $2.98 a gallon, but it didn't hit that ...
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EIA Raises Expectations for Crude Oil Prices and US Crude Production

In classical microeconomic theory, as supply goes up the price is supposed to come down. Things often get a lot more complicated in the real world, where macroeconomic shifts have ...
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Gas Prices Rise Again Despite Trump Stepping on the Tweet Brakes

U.S. retail gasoline pump price increases moderated again last week, rising by just 1.3 cents a gallon nationally to average $2.89. Falling prices for crude oil through last week were ...
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Gas Prices at 2019 High Ahead of Memorial Day

The national average pump price for a gallon of regular gasoline is a penny higher Wednesday than it was on Monday. At $2.90, the average is 20 cents a gallon ...
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