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For the week ending on May 18, the Energy Information Administration’s petroleum status report showed that total crude inventories grew by 5.7 million bbl. At 438.1 million bbl, stocks are 78.2 million bbl lower than they were at this time last year. Last week, a decrease…Read more »

Gas prices jumped 12 cents over the past 14 days, and six-cents since last Monday, landing the national average at $2.93 – the highest price point going into the Memorial Day weekend since 2014. Previous Memorial Day Weekend Average Price National Gas Price May 22 –…Read more »

At 2.57 million b/d, crude exports last week saw the highest estimated rate ever recorded in the Energy Information Administration’s (EIA) weekly petroleum status report. According to EIA, the new record rate was 690,000 b/d more than the previous week and 1.48 million b/d more…Read more »

At $2.87, the national gas price average jumped six cents on the week in part due to the White House’s decision to re-impose sanctions on Iran. As a result, 36 states are seeing gas prices that are a nickel or more expensive than last Monday….Read more »