This week’s EIA oil inventory data recorded a big drop in US gasoline inventories for last week. You can see our analysis of the numbers here.
Posts Tagged ‘gasoline’
By News Desk | August 6, 2014 01:20 PM Comments (0)
By Elizabeth Bassett | July 1, 2014 04:45 PM Comments (3)
Welcome to The Oil Big Five for July 2014, where we list the big issues that are keeping our Platts oil experts busy around the globe. You can find our last posting here, which had the problem of not posting comments for a short time when it first went up. We really appreciate everyone who commented on the blog once it was fixed, though, as well as those who sent us feedback on Twitter. The latest round-up of reader comments can be found here, and be sure to comment again for the follow-up to this post.
Here are the biggest oil issues or trends that our editors and experts nominated to be a part of the post this month. Read the rest of this entry »
By Caitlin Laird and Jeffrey Bair | June 19, 2014 02:56 PM Comments (6)
The ExxonMobil-operated Chalmette Refinery will no longer distribute ethanol-free gas from the rack, a move that is making it more difficult for Louisiana boaters to find compatible fuel for their boats.
In early May, the Chalmette Refinery in St. Bernard Parish announced that it would no longer distribute ethanol-free (conventional) gasoline to the local rack. The 200,700 b/d refinery had previously been the largest resource of ethanol-free gasoline for the area, with many area businesses purchasing fuel from the rack, a local distribution terminal. ExxonMobil, the operator and co-owner of the refinery with PDVSA, continues to sell to the commercial market, but acknowledges that the local market is affected by the change at the rack. The decision was pushed through in an effort to “better comply with the EPA’s Renewable Fuel Standards,” said Patrick Trahan, a spokesman for the refinery.
By News Desk | June 18, 2014 01:57 PM Comments (0)
The highlight of this week’s EIA statistical report is the record output of gasoline reported for last week. You can see our analysis of the numbers here.
By Janet McGurty | June 6, 2014 04:03 PM Comments (0)
US gasoline demand during the peak summer driving season this year is almost certain to rise for the second time in two years, buoyed by a recovering economy. But by just how much is open to question, with some market observers arguing that the US government estimates are failing to capture the likely size of the increase.
After several years of stagnating demand, gasoline demand in 2013 rose by 90,000 b/d, or 1.1%, above 2012 levels. And this year, the US Energy Information Administration is forecasting demand will rise again to 8.79 million b/d, 20,000 b/d above last year.
By Faiza Hassan | May 22, 2014 03:14 PM Comments (1)
The start of 2014 has seen signals that US driver demand for gasoline is picking up, heading into the summer driving season.
Motor gasoline consumption has grown by 90,000 bbl/d, the largest increase since 2006, according to the EIA’s short-term energy outlook. So why are people consuming more gasoline than in recent years?
Carl Larry, the president of Energy Outlooks thinks motor gasoline consumption relates to the rise in employment. “We have more cars on the road now because more people are working. More people are buying cars showing a shift in the general economy,” said Larry.
By Jeffrey Bair and Joshua Mann | May 19, 2014 02:34 PM Comments (0)
For the pulse of the fuels markets, it’s always best to look at the price of spot pipeline space, and a steady-to-weakening market for pipeline capacity in the US Gulf Coast and Atlantic Coast markets is reflecting how motivated traders are to ship gasoline and distillates along the nation’s busiest products pipeline.
Space on the Colonial Pipeline’s 1.16 million b/d Line 2—which ships diesel, heating oil and jet fuel in parallel to the gasoline-specific Line 1 from Pasadena, Texas, to the hookup with Line 3 in Greensboro, North Carolina—was trading at a discount Friday and Monday. Sources said the space was offered at minus 25 points/gal Monday after trading at 25 points/gal and 50 points/gal Friday.
By Jeffrey Bair | April 24, 2014 02:39 PM Comments (0)
I was slowing down over at the Pricelock energy listings in search of a job posting for a flatbed driver — maybe a Ford, maybe not, who knows? — when something much more interesting caught my eye.
Four cities in New England were looking to buy 1.214 million gallons of 87- and 89-octane gasoline over the next three years.
That’s a serious chunk of change, and enough gasoline to fill 60,000 Crown Vic police cruisers.
By News Desk | April 9, 2014 01:12 PM Comments (0)
By John Kingston | March 25, 2014 11:06 AM Comments (6)
Anna Temple of WoodMac tried at the annual AFPM meeting to put one aspect of the ethanol issue into a highly consumable number: eight.
The Houston-based downstream consultant, in one part of her presentation, said the Renewable Fuel Standard going forward could still trip up refiners, but she also addressed whether E85 has a part to play in meeting the ever-rising mandates set under RFS2.