Energy Economy

U.S. crude oil production is expected to decline by 1.75 million barrels by next month, according to IHS Markit. Some production may resume, however, if prices remain above $30 a barrel, and more...
Paul Ausick
Gasoline prices have rebounded somewhat everywhere. The states with the priciest gas now have per-gallon prices above $2.80. And that universe of those is growing.
Douglas A. McIntyre
Gasoline prices have rebounded somewhat everywhere. The states with the cheapest gas now have per-gallon prices of under $1.50. However, the universe of those is dwindling.
Douglas A. McIntyre
Gasoline prices are rising as more states and cities lift restrictions imposed to combat the COVID-19 outbreak.
Paul Ausick
U.S. gas prices have risen for the second consecutive week after a nine-week run of declining prices.
Paul Ausick
Oil industry analysts at IHS Markit forecast the global over-production of crude will amount to 14 million barrels a day in the second quarter. About that much again is expected to go into storage.
Paul Ausick
In the latest revision to its Global Energy Review, the IEA estimates that global demand for energy will decline by 6% in 2020 due to the COVID-19 pandemic. U.S. demand is expected to fall by 9%.
Paul Ausick
U.S. gasoline prices have dropped for the ninth consecutive week. More than two-thirds of states have average pump prices below $2 a gallon for regular gas.
Paul Ausick
The average price for a gallon of regular gasoline in Wisconsin dropped below $1.20. Several states almost certainly will follow as oil prices have plunged.
Douglas A. McIntyre
By David Callaway, Callaway Climate Insights SAN FRANCISCO (Callaway Climate Insights) — “You’ve been given a rare gift George,” said Clarence the angel in It’s a Wonderful Life. “The...
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As oil prices plunge and the number of drivers shrinks, the future of America's 120,000 gas stations is bleak.
Douglas A. McIntyre
Prices for a gallon of regular gasoline have fallen for the eighth straight week and now average well below $2 a gallon across the United States, with prices averaging below $1 a gallon a few cities...
Paul Ausick
The price of benchmark West Texas Intermediate crude oil dropped below $15 a barrel today, down 21% in a day.
Douglas A. McIntyre
The International Energy Agency on Wednesday said that global oil demand would decline by 29 million barrels a day next month and end the year down by 2.7 million barrels a day.
Paul Ausick
Gasoline pump prices have dropped for the seventh week in a row and the national average price for a gallon of regular gas has hit $1.83.
Paul Ausick