Tag: oil

New data from the Energy Information Administration (EIA) revealed that demand skyrocketed to 9.8 million b/d last week. The estimate is approximately 700,000 b/d more than the previous week and 550,000 b/d more than the first week of April in 2018. Many market analysts expect…Read more »

At $2.74, the national gas price average increased a nickel on the week and is eight cents more than last year at this time. And compared to one month ago, gas prices are 28 cents more expensive. As demand holds steady and inventories continue to…Read more »

Refinery maintenance season has hit some unexpected bumps in the road, leading to higher pump prices as the nation settles into spring. According to new data released from the Energy Information Administration (EIA), total domestic refinery utilization – a measure of how much crude and…Read more »

The national gas price average has increased 44-cents since New Year’s Day, landing today’s average at $2.69. While that is seven-cents more expensive than last week and 27-cents more than last month, it is only four cents more expensive than last year.  “Three months ago…Read more »

With an eight-cent jump on the week, at $2.62, the national average continues to trend more expensive since mid-February. While today’s national average is nearly a quarter more expensive than last month, it is only two cents more expensive than last year at this time….Read more »

Last week, demand for gasoline increased significantly by 269,000 b/d from the previous week, according to new data released by the Energy Information Administration. Demand now sits at 9.4 million b/d, which is 85,000 b/d higher than last year at this time and 200,000 b/d…Read more »