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Tag Archives: gasoline
Why Your Gasoline Won’t Take You As Far As it Used To
Why Your Gasoline Won’t Take You As Far As it Used To Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the poster linked to data from the Energy Information Administration (EIA) that I hadn’t […]
Is Gasoline Demand Really Slipping?
Is Gasoline Demand Really Slipping? Genscape’s Weekly Gasoline Demand Report data shows relatively flat growth in weekly year-on-year demand for September through November. On the other hand, the U.S. Energy Information Administration (EIA) Weekly Products Supplied data has shown year-on-year declines over the same period despite lower gasoline prices. Our data shows U.S. total motor gasoline […]
What Crashing Refining Margins Mean For Oil Markets
What Crashing Refining Margins Mean For Oil Markets Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins for motor gasoline have fallen to five-year lows. “Flattening year-over-year growth in gasoline demand in the United […]
Venezuela’s Glaring Gasoline Crisis
Venezuela’s Glaring Gasoline Crisis Iran has dominated the headlines over the last few weeks, but Venezuela’s oil sector continues to meltdown. Venezuela’s oil production fell to just 1.197 million barrels per day in September, down 42,000 bpd from a month earlier. However, because things are moving so quickly, that figure is now woefully out of […]
Gasoline–Such a Big Bang for the Buck
Gasoline–Such a Big Bang for the Buck Are you a fan of beheadings? Are you fond of autocratic regimes? Do you want to help those kooky, lovable Koch brothers purchase another member of Congress? Do you yearn to support Saudi Arabia, Iran, Donald Trump, and Vladimir Putin, but it seems so difficult to give them […]
Oil-Rich Venezuela Is Out Of Gasoline
Oil-Rich Venezuela Is Out Of Gasoline After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Mérida, Josefina García did not know if she and her octogenarian mother were going to reach their final destination on time for Christmas. The airport is located 76 […]
Puerto Rico: When the electricity stops
Puerto Rico: When the electricity stops When the electricity stops in modern civilization, pretty much everything else stops. Not even gasoline-powered vehicles can get far before they are obliged to seek a fill-up—which they cannot get because gas pumps rely on electricity to operate. When I wrote “The storms are only going to get worse” […]
World Out Of Whack: Electricity YAY!
World Out Of Whack: Electricity YAY! Britain to ban sale of all diesel and petrol cars and vans from 2040 So says the Guardian. Which follows on from: France to ban sales of petrol and diesel cars by 2040 This follows Norway, The Netherlands, Germany and now – the big Daddy… China plans to ban […]
What Is Behind Surging Gas Prices?
What Is Behind Surging Gas Prices? As gas stations raise prices in the wake of Hurricane Harvey, there have been numerous accusations of price gouging. Especially on social media, some are quick to conclude price gouging if they see gasoline prices go up by 10 or 20 cents per gallon over the course of a […]
WTI Jumps After Harvey Prompts US Crude Production Collapse, Biggest Inventory Build In 6 Months
WTI Jumps After Harvey Prompts US Crude Production Collapse, Biggest Inventory Build In 6 Months Last night’s first glimpse of Harvey’s impact on energy confirmed a sizable crude build but only modest gasoline draw. WTI/RBOB prices slid into the DOE print and extended losses after a bigger than expected crude build (+4.58mm vs +4mm exp). […]
First Glimpse Of Harvey Impact Shows Biggest Crude Build In 5 Months, Smaller Gasoline Draw Than Expected
First Glimpse Of Harvey Impact Shows Biggest Crude Build In 5 Months, Smaller Gasoline Draw Than Expected Amid all the chaos of Harvey’s outages and Irma’s expectations, tonight’s API inventory seems relatively irrelevant but we are sure the machines will be all over it – no matter that it will be guesstimated more than normal. […]
Hurricane Harvey Looters Targeting Fuel Tanks As Google Searches For “How To Siphon Gas” Soar
Hurricane Harvey Looters Targeting Fuel Tanks As Google Searches For “How To Siphon Gas” Soar Texas resident Joe Roan woke up to a rather unpleasant surprise yesterday morning as he discovered the remnants of a would-be thief attempting to steal gasoline from his Jeep Wrangler tank. Unfortunately, as a local CBS affiliate pointed out last […]
Gasoline Prices Surge After Colonial Pipeline Shutdown, East Coast Fuel Shortages Loom
Gasoline Prices Surge After Colonial Pipeline Shutdown, East Coast Fuel Shortages Loom Gasoline prices have exploded higher once again this morning – topping the Maginot Line of $2.00 for the first time since July 2015 – following reports that the main conduit for fuel from the Gulf to the East Coast has been shut due […]
Gasoline Spikes To 7-Month Highs After Harvey; Heating Oil, Crude Jump
Gasoline Spikes To 7-Month Highs After Harvey; Heating Oil, Crude Jump The entire energy futures complex is notably higher at the open with RBOB Gasoline spiking over 4% to its highest since January amid the carnage of Hurricane Harvey. Bloomberg reports that as a result of Harvey, which was the strongest storm to hit the […]
